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Psychology of Money - Research Paper Example

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As the discussion highlights money is one of the factors that have been of prime and significant importance for any individual, regardless of being wealthy or underprivileged. Since time immemorial, the study of humans behavior, perceptions and mindset is of immense concern for the psychologist…
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Psychology of Money
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Download file to see previous pages This essay stresses that as almost every individual gets the learning from his or her school and families to be accountable for their actions, yet, the people forget it at their juvenile period and give priorities to the people and teachings that persuade them and give unreasonable explanations for all actions due to the reason that they came under learning to do so.

This paper discusses that while the world has entered the twenty first century, the rising cycle of competition has made the approach and way of thinking of the people fated and condemned. Money, moreover, is now playing a dominant role in the life of a person, as it has become a symbol of class and status for one person. People have forgotten their values, traditions, cultures and moral ethics, and just run in the race to achieve more and move ahead from other people. As an outcome of it, greed and hunger for more enters into the blood of the human beings and humans develop such an attitude that they can go to the extreme level as well in order to get the money or power and to fulfill their hunger. Some people think and believe that money is the ultimate power that facilitates in achieving all their desires and wishes of buying, setting ones’ status and travelling. Money can buy any happiness in this world. When the person becomes gluttonous, he is more likely to perform like an ant who stores more food to their homes as a security and savings for future.  Likewise, humans’ believes design their mindsets in such a way that the limit cannot come under definition to what extent it is enough or is a great deal, as whatever the person possess is not enough for them. Greed is one of the gloomy faces of the human nature that even make them perform the most brutal act that is to take others’ life. These kinds of people sometimes even suffer from psychological disorders due to which their brains provoke them to take such steps (Furnham & Аргиле, pp. 129-152).
Initially, a person considered himself only as a breadwinner for his family and only thought of earning money so that they can fulfill the basic needs and wants for their families. However, according to the human psychology, the person is always in search for more. As the needs and wants come under fulfillment, the person earns more so that they can have a luxurious life. The luxuries then turn to the value and status for an individual and make extra money to achieve that. The person whether rich or poor, can make himself involve in any kind of crime for his status, power in the society and even for fulfillment of basic needs.
With the today’s fast-paced world, everybody is in a hurry of achieving the maximum in the least time. The psychology of money was unrevealed until the last few decades, but the recent studies came to observations that money has left ...Download file to see next pagesRead More
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