Children should be taught about the importance of money from a very young age because money is the most important determinant of social success.
The concept of money is something that has pre-existed since the start of modern human socioeconomic systems. Money is a good of exchange that enables human beings to fulfil both their basic needs, that are things they need to survive on this planet and their wants, which are things one desires for self-indulgence.
The statement talks about a recommendation involving a very important sphere of our society: children or the future generations of a town, city or country an any given point of time. Most children are influenced by two major atmospheres growing up; the one at home around their parents and family and the one among their peers and teachers in educational institutions. This underlines the need and importance of these spheres of a child's growing life to teach the child about the importance of the one good that runs the functioning of a modern society: money. Children need to know the importance of this irreplaceable exchange mechanism for their needs and want from a very basic age because of the importance the size of the bank account of a person has in that person's day to day decision making and livelihood for the rest of their lives is irrefutably important. Socially, psychologically and physically money makes decision making much more easier on an individual or household level of things within an economy. The amount of time an average Joe or Jane spends deciding whether to buy the 150$ jeans at their favourite store right now or to wait for the festive season offers in their neighbourhood shopping mall will definitely be significantly greater than the time spent by Jeff Bezos, with a net worth of nearly $200 billion, to decide whether he wants to move into a new market of opening a franchise to sell jeans. Of course, this isnt to say that average person can become as rich as Jeff Bezos, but this goes to show the amount of difference it makes to two different people with sizeable differences in their bank accounts.
Children need to understand from a young age this very important success determinant as they need to understand that the knowledge they are gaining in their schools and further in their universities would make no difference if it cant comfortable put food on their plates and a roof above their head. At a very young age, a child's brain is still in a development stage. He/She is still gaining and interpreting information from his/her surroundings and inculcating any habit or idea into a child's mind is the easiest to do at this stage of their lives. This will help the child understand the importance of financial planning by absorbing relevant information over the time their brain is the most active. This proves to be valuable when they enter their early 20s with the knowledge of the importance of a social stature and money in their day to day decision making processes and ensures that from the very first day money starts to gather in their bank account it is not spent on futile objects one comes across especially at this stage of their lives.
Having given the importance at an individual or household level, teaching children about money from young ages can also provide multiple benefits on a macro or national level as well. For example, any country economic growth significantly depends on the savings and investment its households make on a day to day basis as that investment is mobilized by financial institutions and is further used to boost innovation and technology and thus boost demand in their markets amongst consumers. This process can be expedited by people start efficiently saving and investing their money from the very start of their careers and this mindset is only possible if they've been taught the importance of money from a very young age.
In a society, a persons financial stability and strength puts a person in what the rest sees to be the "successful bracket" of life. Money is very important to any individual living in the society and the society as a whole as well. Of course, there should be a limit to the obsession with money as over obsession with any matter in life ultimately leads to one's downfall however there is no denying that as a determinant of social success and success of an individual amongst his/her peers, nothing beats money.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2020-10-04 | Shad3n27 | 50 | view |
| 2020-09-15 | essaywriter123 | 66 | view |
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Grammar and spelling errors:
Line 3, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...ngs one desires for self-indulgence. The statement talks about a recommendati...
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Line 5, column 766, Rule ID: POSSESIVE_APOSTROPHE[1]
Message: Possible typo: apostrophe is missing. Did you mean 'persons'' or 'person's'?
Suggestion: persons'; person's
...he bank account of a person has in that persons day to day decision making and liveliho...
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Line 5, column 944, Rule ID: MOST_COMPARATIVE[2]
Message: Use only 'easier' (without 'more') when you use the comparative.
Suggestion: easier
...ically money makes decision making much more easier on an individual or household level of ...
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Line 5, column 1098, Rule ID: CURRENCY[1]
Message: The currency mark is usually put at the beginning of the number: '$150'.
Suggestion: $150
...Jane spends deciding whether to buy the 150$ jeans at their favourite store right no...
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Line 5, column 1444, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: isn't
...ranchise to sell jeans. Of course, this isnt to say that average person can become a...
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Line 7, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...differences in their bank accounts. Children need to understand from a young...
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Line 9, column 231, Rule ID: CANT[1]
Message: Did you mean 'can't' or 'cannot'?
Suggestion: can't; cannot
...ersities would make no difference if it cant comfortable put food on their plates an...
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Line 9, column 231, Rule ID: IT_VBZ[1]
Message: Did you mean 'cants'?
Suggestion: cants
...ersities would make no difference if it cant comfortable put food on their plates an...
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Line 9, column 306, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...plates and a roof above their head. At a very young age, a childs brain is still ...
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Line 11, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...cially at this stage of their lives. Having given the importance at an indivi...
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Line 13, column 656, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: they've
...rs and this mindset is only possible if theyve been taught the importance of money fro...
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Line 15, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...ance of money from a very young age. In a society, a persons financial stabil...
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Line 17, column 15, Rule ID: A_PLURAL[1]
Message: Don't use indefinite articles with plural words. Did you mean 'a person' or simply 'persons'?
Suggestion: a person; persons
...a very young age. In a society, a persons financial stability and strength puts a...
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Line 17, column 369, Rule ID: ONES[1]
Message: Did you mean 'one's'?
Suggestion: one's
... any matter in life ultimately leads to ones downfall however there is no denying th...
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Transition Words or Phrases used:
also, but, first, however, if, so, still, thus, well, for example, of course
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 23.0 19.5258426966 118% => OK
Auxiliary verbs: 12.0 12.4196629213 97% => OK
Conjunction : 32.0 14.8657303371 215% => Less conjunction wanted
Relative clauses : 12.0 11.3162921348 106% => OK
Pronoun: 61.0 33.0505617978 185% => Less pronouns wanted
Preposition: 115.0 58.6224719101 196% => OK
Nominalization: 19.0 12.9106741573 147% => OK
Performance on vocabulary words:
No of characters: 3559.0 2235.4752809 159% => OK
No of words: 729.0 442.535393258 165% => Less content wanted.
Chars per words: 4.88203017833 5.05705443957 97% => OK
Fourth root words length: 5.19615242271 4.55969084622 114% => OK
Word Length SD: 2.77281033936 2.79657885939 99% => OK
Unique words: 326.0 215.323595506 151% => OK
Unique words percentage: 0.447187928669 0.4932671777 91% => More unique words wanted or less content wanted.
syllable_count: 1111.5 704.065955056 158% => OK
avg_syllables_per_word: 1.5 1.59117977528 94% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 6.24550561798 112% => OK
Article: 6.0 4.99550561798 120% => OK
Subordination: 0.0 3.10617977528 0% => More adverbial clause wanted.
Conjunction: 1.0 1.77640449438 56% => OK
Preposition: 7.0 4.38483146067 160% => OK
Performance on sentences:
How many sentences: 20.0 20.2370786517 99% => OK
Sentence length: 36.0 23.0359550562 156% => The Avg. Sentence Length is relatively long.
Sentence length SD: 85.6313464801 60.3974514979 142% => OK
Chars per sentence: 177.95 118.986275619 150% => OK
Words per sentence: 36.45 23.4991977007 155% => OK
Discourse Markers: 3.8 5.21951772744 73% => OK
Paragraphs: 5.0 4.97078651685 101% => OK
Language errors: 14.0 7.80617977528 179% => OK
Sentences with positive sentiment : 18.0 10.2758426966 175% => OK
Sentences with negative sentiment : 0.0 5.13820224719 0% => More negative sentences wanted.
Sentences with neutral sentiment: 2.0 4.83258426966 41% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.344318679331 0.243740707755 141% => OK
Sentence topic coherence: 0.113775985661 0.0831039109588 137% => OK
Sentence topic coherence SD: 0.0853175597831 0.0758088955206 113% => OK
Paragraph topic coherence: 0.206049471507 0.150359130593 137% => OK
Paragraph topic coherence SD: 0.0686898987105 0.0667264976115 103% => OK
Essay readability:
automated_readability_index: 19.8 14.1392134831 140% => OK
flesch_reading_ease: 43.4 48.8420337079 89% => OK
smog_index: 11.2 7.92365168539 141% => OK
flesch_kincaid_grade: 16.2 12.1743820225 133% => OK
coleman_liau_index: 11.62 12.1639044944 96% => OK
dale_chall_readability_score: 8.37 8.38706741573 100% => OK
difficult_words: 136.0 100.480337079 135% => OK
linsear_write_formula: 14.0 11.8971910112 118% => OK
gunning_fog: 16.4 11.2143820225 146% => OK
text_standard: 12.0 11.7820224719 102% => OK
What are above readability scores?
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Write the essay in 30 minutes.
Rates: 66.67 out of 100
Scores by essay e-grader: 4.0 Out of 6
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.