The old man offered the speaker a lot of money. Why did he turn down that offer?
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Answer:
The old man offers a lot of money to the speaker but he refused to take it. Because that money can not give him happiness.
Money is the most material thing, it can not give happiness to us, only simplicity and innocence are the most powerful.
The speaker did not need the money. He valued his freedom more than becoming a slave for gold. Freedom is more desirable than money and power.
The old man offered the speaker a lot of money. However, he turned it down because he realised that money cannot give him what he actually desires. He had not till then realised that what he actually desired was happiness. When the old man was counting the gold coins, the speaker realised that once the money was finished or the work the old man wanted to hire him for was done, he would again be out of work. More than that, he would be bound in this bargain. It did not satisfy him and therefore, he turned it down.