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Money Causes More Harm Than Good Essay

money cause more harm than good essay

Money Causes More Harm Than Good Essay 

• Introduction:- Money is the cause of most of the problems that plague modern society. 

• Money has an intoxicating effect that goes into the head of its beholder, making them arrogant, selfish, and hallucinate in self-glory and pride. 

• Money is the cause of discord in families and causes serious ailments. 

• There is no denying the fact that 'Money makes the mare go.' However, being unduly obsessed with it, leads to corruption and crime, causing stress, ailments, and unhappiness. 

• Money brings with it fair-weather friends, sycophants, scheming relatives professional rivals. Need to be on guard thereby making life uneasy and unpleasant. 

• Conclusion:- Money is essential to life. It is important to maintain the right balance for as we all know, 'Money can't buy happiness, but neither can poverty.' 

"They are sick that surfeit with too much, as they that starve with nothing," said William Shakespeare in his play 'Merchant of Venice.' This very aptly brings out the role of money in our lives. 

Excessive money and wealth bring with it problems of security and mental tension, while not having any reduces one to penury, making life miserable and not worth living. This is because, in today's materialistic world, we have assigned a monetary value to everything. Thus in the words of Somerset Maugham,

" Money is like a sixth sense without which you cannot make complete use of the other five." However even today, money is not the end-all and be-all of our existence, for it cannot buy happiness, true love, friends, good health, and peace. It is the cause of most of the problems that plague modern society. 

There is no denying the fact that money brings with it prosperity, which has a psychological and social dimension. Psychological for the security, self-confidence, and a sense of accomplishment it gives to the beholder, along with the increase in social and political status. 

It has an intoxicat-ing effect that goes into the head of its beholder, making them arrogant, selfish, and insensitive to others around them. Often so great is the intoxication especially in the neo rich, that they begin to hallucinate in self-glory and pride. Money has also been the root cause of most of the problems that plague society. 

The dispute over it has been known to be a major cause of discord in families, making even siblings sworn enemies. Its acquisition by others in the family or circle of friends gives rise to baser and negative emotions like jealousy, enmity, and hatred. 

In the endless pursuit of money, people become unhappy, and tense, causing serious ailments like blood pressure, and diabetes, which lead to more deadly diseases like heart attack, brain haemorrhage, and others. 

Despite the dubious role that money plays in our lives, there is no denying the fact that `Money makes the mare go.' This is for it is the biggest and the most effective motivator. Ordinary men have become great and wealthy in their pursuit. 

The rags-to-riches stories of Dhirubhai Ambani, Steve Jobs, Bill Gates, Elon Musk and numerous others, bear testimony to its important role as a motivator. Human progress can to a large extent be attributed to one's desire to acquire money and wealth. However, being unduly obsessed with money leads one to indulge in corrupt practices and crimes. 

This invariably leads to punishment, causing stress, ailments, and unhappiness. A surfeit of money brings with it many fair-weather friends sycophants and scheming relatives. Besides them there are personal and professional rivals against whom one has to be constantly on guard, making life uneasy and unpleasant. 

Money is essential to life. Nevertheless, it's an endless pursuit, that does more harm than good. This is for happiness, love of dear ones, true friends, and good health, which are essential to living a wholesome life, and are not a purchasable commodity. It is therefore essential to maintain the right balance, for as we all know, 'Money can't buy happiness, but neither can poverty.' 

Money Causes More Harm Than Good Essay 

In a world where material wealth is often equated with success and happiness, it becomes imperative to scrutinize the nuanced impact of money on individuals and society. This essay delves into the paradoxical nature of wealth, contending that, while money can facilitate positive change and well-being, its excessive pursuit and mismanagement often lead to harm.

  1. Materialism and Discontent:

    The relentless pursuit of wealth can foster a culture of materialism, where possessions take precedence over experiences and relationships. This constant pursuit of more can lead to discontent, as individuals find themselves trapped in an insatiable quest for material fulfillment, neglecting the intangible aspects that contribute to genuine happiness.

  2. Economic Disparities:

    Excessive wealth often exacerbates economic disparities within society. The concentration of wealth in the hands of a few can result in unequal access to opportunities, resources, and basic necessities. This socio-economic divide perpetuates systemic inequalities, hindering social mobility and creating a breeding ground for societal unrest.

  3. Corruption and Unethical Practices:

    The allure of wealth sometimes leads to corruption and unethical practices. Individuals or corporations driven solely by profit may engage in exploitative activities, environmental degradation, or unethical business practices, causing harm to communities, ecosystems, and the overall moral fabric of society.

  4. Stress and Mental Health Issues:

    The pursuit of wealth can contribute to stress and mental health issues. High-stakes careers and relentless competition often lead to burnout, anxiety, and other mental health challenges. The pressure to maintain a certain lifestyle or societal status can take a toll on individuals, adversely impacting their well-being.

  5. Impact on Relationships:

    Money can strain interpersonal relationships when its pursuit becomes all-encompassing. Disputes over finances, divergent values regarding spending, and the stress associated with maintaining a particular lifestyle can strain familial bonds and friendships, leading to emotional distress.

  6. Environmental Degradation:

    Unbridled wealth accumulation can contribute to environmental degradation. Industries driven by profit may prioritize economic gains over sustainable practices, leading to deforestation, pollution, and other forms of environmental harm. The consequences of these actions extend to future generations, affecting the overall health of the planet.

  7. Lack of Fulfillment:

    Paradoxically, the possession of wealth does not guarantee fulfillment. Studies indicate that beyond a certain threshold of income, additional wealth has diminishing returns in terms of happiness and life satisfaction. Pursuing wealth for its own sake may result in a hollow existence devoid of deeper meaning and purpose.


In conclusion, the impact of money on individuals and society is a double-edged sword. While wealth can be a force for positive change, its pursuit, mismanagement, and unchecked accumulation often lead to harm. Striking a balance between financial success and holistic well-being is essential.

A nuanced approach that values meaningful relationships, ethical practices, and sustainable living can mitigate the potential harm caused by the unbridled pursuit of wealth. Ultimately, the true measure of success lies not just in the accumulation of riches but in the positive impact one has on the world and the well-being of oneself and others.

Also read: balance is a Beneficial Essay



  1. very well written, yes money is important but not everything


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