essay on money 500 words
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Essay on money 500 words
Money is an essential need to survive in the world. In today’s world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it. Our parents work hard to fulfill our dreams.
Furthermore various businessmen, entrepreneurs have startup businesses to earn profits. They have made use of their skills and intelligence in getting an upper hand in earning. Also, the employee sector works day and night to complete their tasks given to them. But still, there are many people who take shortcuts to success and get involved in corruption.
Black Money
Black money is the money that people earn with corruption. For your information corruption involves the misuse of the power of high posts. For instance, it involves taking bribes, extra money for free services, etc. Corruption is the main cause of the lack of proper growth of the country.
Moreover, money that people having authority earns misusing their powers is black money. Furthermore, these earnings do not have proper documentation. As a result, the people who earn this do not pay income tax. Which is a great offense and the person who does this can be behind bars.
Money Laundering
In simple terms, money laundering is converting black money into white money. Also, this is another illegal offense. Furthermore, money laundering also encourages various crimes. Because it is the only way criminal can use their money from illegal sources. Money laundering is a crime, and the people who practice it are liable to go to jail.
Therefore the Government is taking various preventive measures to abolish money laundering. The government is linking bank accounts to AADHAR Card. To get all the transaction detail of each bank account. As a result, the government comes to know if any transaction is from an illegal source.
Also, every bank account has its own KYC (Know your Customer) this separates different categories of income of people. Businessmen are in the high-risk category. Then comes the people who are on a high post they are in the medium-risk category. Further, the last category is of the Employee sector they are at the lowest risk.
White Money
White money is the money that people earn through legal sources. Moreover, it is the money on which the people have already paid the tax. The employee sector of any company always has white money income.
Because the tax is already levied on their income. Therefore the safest way to earn money is in the employment sector. But your income will be limited here. As a result, many people take a different path and choose entrepreneurship. This helps them in starting their own company and make profitable incomes.
Every person in this world works hard to earn money. People try different methods and set of skills to increase their incomes. But it is always not about earning money, it’s about saving and spending it. People should spend money wisely. Moreover, things should always be bought by judging their worth. Because money is not precious but the efforts you make for it are
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Money is a very important source of life in order to live a healthy and fulfilling life, although it can not be compared with love and care. Both have their own importance and advantage. We are providing essays on money to participate in essay writing competition in simple and simple words here. Here we are making essay on money in simple Hindi language for the students so that any student of any class can easily understand them.
Essay on money
Find various money essays in English language in different words limit (150, 200, 250, 300, 350, and 450 words).
Essay on wealth 1 (150 words)
Money is the most basic need of life, without which no one can meet the basic needs of its daily life. We can never compare the importance of wealth to the importance of love and care. When someone needs money, it can not be fulfilled with love and if someone needs love, then he can not be fulfilled with money. Both have great need for a healthy life, but both have different significance in life. We both have an urgent need, so we can not measure both of them at the same scale. We require all the resources of food, like - for eating food, drinking water or milk, watching TV, buying a newspaper, wearing clothes, to enter school, to get education Etc.,
There is no doubt that money is very essential for our essential healthy life. Money is almost everything for us. To maintain high rank in society, it is very important. It is only money that can meet all the initial needs of our life, comforts and needs. If someone has wealth, then he can fulfill all his desires in his life, which will improve his personality, improve self confidence, increase credibility, increase qualifications, increase capacity and grow at a very large level in courage helps to. Without money, we feel unaffected and alone in this world, where no one is there to help and support us. In this present physical world, money is very important and powerful thing, without which no one can survive.
Nowadays, wrong people earn money by making bad money, corruption, bribery, illegal work, kidnapping, mischief of the rich people of society, etc., which deprive all the moral values ​​and ideals of humanity. The lazy people use the wrong methods of getting money because they feel that these are the easiest and easy ways to make money, although this is not true. In these ways, a person can get money in less time and effort, but not too long. Surely one day he will be destroyed in the coming time because he was walking on a wrong and weak path. Those people who earn money by following all the laws of humanity earn less money but, that money is used for a long time and they become highly respected people of the society.
Corrupt people hide their wealth in other countries, in the form of black money to hide from the general public, and put the money in to enhance those evil deeds or their physical comfort. Although, the common people of the society respect the people who make money through wrong methods because they are afraid of them. At the same time, they have a little bit of greed that if they flatter the people, they will also get some money. Such people are usually called brothers, brothers, grandfathers or donors. Money can neither buy nor stop time, nor can buy true love and care together, yet it is demanded by all, so that life can be pursued on the right path. It can not give time and love, although happiness, self-confidence, satisfaction, physical and mental peace certainly provide. Due to which there is ease in living life and every difficult problem can be solved.
All the above "essay on wealth" have been written by professional writers for the purpose of helping students, of whom students can choose any 'essay on wealth & Money' as ​​per their need and requirement., Essays in the school for students are given to show their ideas during the competition.