Money is the most sought after commodity on earth, since its invention. Humans entire life centres around money; either in expenditure or income.
Even though a popular Bible saying quotes that “the love of money is the root of all evil”, it’s still the most sought after commodity on earth, and a lot of people have committed heinous acts and even crime just to get it.
The following are some of the effects of the power of money:
1. CONFIDENCE
The power of money can make one have extraordinary confidence and belief in himself, and a lack of it can make one feel inferior or have a very low self-esteem.
A rich or wealthy man can get almost everything he wants; the purchasing power of money can make such a man to actually believe that nothing is beyond his reach — this is why it breeds confidence.
2. POWERFUL AFFILIATION
Money is magnetic; it attracts, and it mostly attracts like terms. This is why a rich man would have rich friends, and a poor man would rarely have rich friends because poverty as well attracts its own like terms.
When you’re wealthy, you tend to have wealthy contacts, and the more wealthy you become, the wealthier the contacts you make.
3. POWER
Money brings power; when you are wealthy, you can buy your way through situations, buy your way to power and even have powerful contacts.
Money can buy you loyalty, win you respect or even fear (depending on how you use it). The world is ruled by money and whoever has it an abundance is deemed powerful.
4. RESPECT
Money also breeds respect. The purchasing power of money would easily win you people’s respect. Generally, when you have that which everybody wants, you are more respected.
The power, confidence and powerful affiliates that money brings would only you gain people’s respect the more.
5. SATISFACTION
Contrary to popular belief that money can’t buy you happiness, research has found that money can bring you happiness and satisfaction.
A research found that people derive greater satisfaction when they spend money on others than themselves. The researchers found that even as little as giving $1 can make one feel more flush and satisfied.
The power of money more often than not brings the following listed above.
Jake