6. Social Standing

In today’s materialistic world money plays an important role in building social status and earning popularity. There is an age old saying that ‘Adversity Test Friends and Prosperity Gains Friends’. It’s true that our socio-economic status are determined largely by the amount of money we have. There is certainly no fun to be poor and it doesn't hurt to be rich. For most of us who fall in the varying shades of the middle class income group, it is money that puts us there more than our ethnic and educational backgrounds. If it didn't, then we would have also participated in the proud discussions about how much we earn.

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7. Enabler

Keeping aside the extravagant life and appearance in page 3 of some streaming sections of magazines and tabloid newspaper which comes usually comes with money; you can also aim for attaining eternal peace by donating your money for a charitable cause. Some philanthropists like Azim Premji are working towards building better healthcare and education systems. This year he made a grand donation of $1.3 billion. According to psychologist Martin Seligman, humans find happiness by enabling greater opportunities for many others who need a helping hand, which gives them a great sense of triumph.

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