Yea money solves problems, but it also produces other problems!

[SirLancelot]

aside from bad people targeting a person due to his wealth or the government eyeing the person for taxes, I do not think money can cause a problem as long as the person knows what he is doing.

Taxes are not a problem for the rich or wealthy, because they can easily afford to pay it, but taxes are a problem for the poor or those who don't have a lot of available resources, and on top of that if they are paying almost half of their earnings in income tax and stuff, then that will surely create problems for them.

The other thing you mentioned is surely a problem for the wealthy and rich, but any problem that can be solved with money is not really a problem for the wealthy, because obviously, if they know or feel that their wealth and status can trigger problems such as attacks, robberies, kidnapping, or anything else, then they won't roam around without having bodyguards or people protecting them, and if you are wealthy, you can easily afford to hire a bunch of them to take care of you when you go out.

Problems that the rich or wealthy people face are completely different than what a normal person faces. The only or the biggest problem that I can think of for a wealthy person is an uncurable disease for which they can't use money to get it fixed if it can't be cured, but in today's world, I don't think any disease in uncurable.

[Abdulzuruku01]

Financial stability without financial discipline is useless. Because you will still ruin all your earnings in the end due to bad financial habits that could drain your bank account and leave you trap in debt. Having financial stability is a big achievement, but not everyone who's there in that position can sustain it but more likely become greedy and turn into wasteful spending.

And this where problems may start, without financial discipline, without financial purpose, and without financial aims or target for long term. One wrong financial move can lead into losing everything you have.

You are right, I have thought that once I'm financially okay, i will be okay but it doesn't work like that. I later realized that financial stability without discipline is another bigger problem on its own. Come to think of it, funds without discipline just give a little enjoyment, while money with discipline is generational wealth. Because if you are well disciplined you will be able to identify the kind of investment that will be generating income to your account, whether it's daily, weekly, monthly or annual and must especially online investments like Bitcoin. It requires lot of financial discipline and with that, it will be difficult for any investors that invested on it to go back to square zero.

[Jessie2121]

From the heading the OP's topic more money attract more problems, like the problem you'd face will have to match with the amount of money you have, that is if you getting more of it on a regular. For me making money and having more of it is like a test from life it seln how you can control it, make good use of it because any single mistake you make in life about money you would find yourself starting from scratch and you know you wouldn't want to go to that road, it is very rough especially as a man trying to make a better living. That is why rich men always keep pushing because the moment they stop and take a rest from hustling they start facing weakness in getting money, things will start going upside down, like you said, money solve problems and also produces more problems which means if you stop the problem becomes bigger but if you continue the money will act as a shield against problems while you solve them, it won't be that heavy as when you don't have it.

[drangos]

aside from bad people targeting a person due to his wealth or the government eyeing the person for taxes, I do not think money can cause a problem as long as the person knows what he is doing.

Taxes are not a problem for the rich or wealthy, because they can easily afford to pay it, but taxes are a problem for the poor or those who don't have a lot of available resources, and on top of that if they are paying almost half of their earnings in income tax and stuff, then that will surely create problems for them.

The other thing you mentioned is surely a problem for the wealthy and rich, but any problem that can be solved with money is not really a problem for the wealthy, because obviously, if they know or feel that their wealth and status can trigger problems such as attacks, robberies, kidnapping, or anything else, then they won't roam around without having bodyguards or people protecting them, and if you are wealthy, you can easily afford to hire a bunch of them to take care of you when you go out.

Problems that the rich or wealthy people face are completely different than what a normal person faces. The only or the biggest problem that I can think of for a wealthy person is an uncurable disease for which they can't use money to get it fixed if it can't be cured, but in today's world, I don't think any disease in uncurable.

I understand that money is the solution to many problems but not all problems. Security, health care, legal assistance and protection are among the things which can be achieved better with the help of wealth but money cannot remove all the troubles and issues which can be created by it. The more money you earn, the more you are going to be noticed, distrusted, have family issues or pressure to live a certain way. Sometimes there are things, such as losing a loved one or some illnesses, which you can't fix with more money. I believe the more money, the more your choices but you are not protected from having issues.

[Finebone]

The truth is that once you fail to control yourself self even as a rich person, it will brings nothing but trouble to you.  Sometimes you will be afraid of going out alone without security because you will be afraid of being kidnapped, and these is the main reason politicians moves with security everywhere they go because they are no longer seen as a normal person because of their economic and social status.

Having money is good, but as the op has said, it because a problem to that same person if it's just too much, especially when the person has become very famous  due to his wealth, because he will be unable to live a quiet and private life anymore like other normal people, but it's a life most people will trade anything for, because money answers all things.

[GIF-JOBS]

Money when it comes to human is one of the priorities that everyone desire to get, because without it you can not solve most of your problems. When one has money, it announced him to the world and place him in the high position. Money gives room for a good friendship, there is a say that says when there is money friend comes around, but when there is no money friend will go. In as much as money is good, it also has its own bad part. Money can make two friends or family to have an enimity for years, it is money that curse kidnapping, killing and all the rest.

This is the reality of today's society, if you have money, you will not lack friends, but when you stop spending money on your friends, then the number of your friends will decrease, and the friends you have after spending money are your real friends, but I can definitely say that the number of your real friends will be a maximum of 1 to 2, not more than that, but when you spend money, the number of your friends will be above 10. In fact, this is why money is everything in life, without it you will not find your value in society, even in your family you will not have any value, but if you have a lot of money, then your value in your family is the highest, and then people will listen to your every speech as an inspiration, every person in society will also respect you a lot, if you have money, you will be valuable in all aspects, and according to you, the issue of kidnapping or threats is not very common, there are many such rich people in my area, they always walk with respect, but they have never been victims of this kind of situation.

[Halifat]

You are right, I have thought that once I'm financially okay, i will be okay but it doesn't work like that. I later realized that financial stability without discipline is another bigger problem on its own. Come to think of it, funds without discipline just give a little enjoyment, while money with discipline is generational wealth. Because if you are well disciplined you will be able to identify the kind of investment that will be generating income to your account, whether it's daily, weekly, monthly or annual and must especially online investments like Bitcoin. It requires lot of financial discipline and with that, it will be difficult for any investors that invested on it to go back to square zero.

When we talk of discipline, it is very important in every aspect of our life not only in finance. I agree with everything you have said, because having money without discipline is just as if you just have something to spend for a while, which means that in a couple of days you will return back to square zero, but money with discipline last longer and that is where most of our men comes in, what brought them to this level that were seeing them now was because of their financial discipline. It is due to lack of financial discipline that makes some people to finish their inheritance no matter how big it was, they finish everything.

[bangjoe]

I would say the biggest "problem" of having money is that it comes with lots of responsabilities. You will have to spend your time managing it properly, otherwise, it goes away... People think that to have money is only fun and freedom. But it's not. You have to give up on a lot of leisure to maintain your money or to grow it.

This is why people with money don't have much time for family, friends or for fun because most of their time is reserved for management of assets they have. If they show casual behaviour or handover their responsibilities to their workers then they might lose considerable portion of their wealth. If you don't have huge money in your bank accounts then its also a kind of blessings because in that case you can give time to your loved ones, which is not possible otherwise.   

But that is the price to be paid by someone who has the responsibility and desire to have their wealth, Time, Mind and energy focused on Business Development.
You can have an auto pilot business while still having a large turnover of money and a large net income, but it must be on a very large business scale where you can hire someone else to manage your business.
Once the money is accumulated you can invest in instruments that have dividends or capital gains every year with a positive increase, this is also a way to increase and maintain wealth, after being at the top you will not feel heavy for this condition, but in the time you pioneered building your wealth, there lies the time and attention and all forms of social relationships and personal desires are limited, it is a price to pay.

[HyperCodexV]

Yes having access to money in this case purchasing power, can help to satisfy a lot of wants and also solve immediate problems. Having money can also open new opportunities in terms of having access because of finance, for example, a person with a favourable statement if account from planning for education or visit from a developing to a developed nation stand a better chance of having a visa, than those who have an unfavourable statement of account.

However, a greater access to finance, can also change the structure of the problems that can arise. A person with higher access to income would naturally have a change of taste with; housing, choice of car, clothing and vacation etc..
A bigger house would surely come with a bigger cost of running, including more staff in place, a luxury car also comes with a higher maintenance cost, then there's a need to appear in designer clothes and off course a need to see the rest of the world, obviously travelling is one of the draining forces to finance, as it can pose to be outrageously expensive.

So as income increases, a lot of things people see as luxury and unnecessary becomes the new normal.

Furthermore the need to maintain these new normals, is actually time consuming. You would need timing to plan a bigger house, maintenance can also be time consuming, as mention the time forgive in planning networking or travels. Such time could have been utilized productively somewhere else. Another problem has surely resurfaced.

What we through money is a transformation of scarcity rather than completely eliminating it.

Don't get me wrong though, this doesn't mean acquiring wealth should suddenly become undesirable, the key component here is financial discipline. Without discipline money can obviously buy comfort, but unnecessary comfort also come with complexities.

There is a reason why money is seen as the root of all evils, it will undoubtedly help solve problems regaeding the aspect of survival but if one is not careful, it will in turn create a different version of a complicated lifestyle that makes you see luxurious things as necessity regarless of how expensive they are and one tricky angle is the more assests you acquire with time, the more time you waste in trying and spending to maintain them rather than spending to actually enjoy the life you have no matter how little or short you get to live it. Money will give you so many options, but without some form of financial discipline, those options become costly obligations.

[Princess Leah]

If your taste increases and you want something better as your financial capacity increases, is that really a problem? I don't think it is. Wanting bigger things is not a problem that rich people encounter. Rich people majorly face some problems that includes getting into bigger debts, the rich also owes money but a lot of people don't actually know this.

Another problem being rich creates is that such people would always be involved with a lot of people that are fake, be it in relationships, friendships and so on, this is because these people around them would do anything to always take from them, that is the reason why a lot of rich people find it very hard to trust others. Whatever the case maybe it is still better to get rich and deal with little problems it comes with than being broke, this is not dangerous.

Everybody's dream is to be wealthy, who doesn’t like to live in a big mansion, drive exotic cars, travel for vacation? Although some people like to keep low profile and avoid doing things that would attract attention to their wealth but more money equals more problems and the OP is right cause wealth still need maintenance including the properties acquired with it.

 Yes, richness attracts attention and some people would fake loyalty to gain favour from you and if you're not careful you could easily get betrayed or set up by fake loyalists. I so much love your statement i bolded, it’s a fact cause being broke or poverty is more dangerous than wealth, i think it's a disease people should fight against.

[Fortify]

aside from bad people targeting a person due to his wealth or the government eyeing the person for taxes, I do not think money can cause a problem as long as the person knows what he is doing.

Taxes are not a problem for the rich or wealthy, because they can easily afford to pay it, but taxes are a problem for the poor or those who don't have a lot of available resources, and on top of that if they are paying almost half of their earnings in income tax and stuff, then that will surely create problems for them.

The other thing you mentioned is surely a problem for the wealthy and rich, but any problem that can be solved with money is not really a problem for the wealthy, because obviously, if they know or feel that their wealth and status can trigger problems such as attacks, robberies, kidnapping, or anything else, then they won't roam around without having bodyguards or people protecting them, and if you are wealthy, you can easily afford to hire a bunch of them to take care of you when you go out.

Problems that the rich or wealthy people face are completely different than what a normal person faces. The only or the biggest problem that I can think of for a wealthy person is an uncurable disease for which they can't use money to get it fixed if it can't be cured, but in today's world, I don't think any disease in uncurable.

You're right, taxes are merely an inconvenience for the richest but they can often get them down to a fraction of what most people would call fair. They channel money through companies, they lease things from those companies while seeing the full benefit, they take advantage of tax write offs (to the max) like being able to carry losses forward, the worst offenders setup situations like paying overseas shell companies for a "license to operate" at a rate that wipes out all taxable profits and some of the stuff their accountants come up is quite frankly scandalous but within the law. There are new loopholes being setup and closed down all the time, but when talking about the mega rich they would rather pay for an army of an accountants rather than pay the government an extra $10 more than they need to do. There should be more pressure from politicians and windfall taxes applied against them, but such people own the media and can twist the argument away from themselves.

[AmaGold70]

The desire of many people is to have money, and actually having money is very good, because when you have money you earn some respect, and their are many problems or challenges you can solve with your money. As someone who has money you can take proper care of your financial responsibilities of which ranges from esterblishing a good business, eating good food, build good house of your own choice, and also be able to take care of your medical bills if there is any, and you even take care of other dependants, and you will do all these things without even facing financial stress.
However, while it is the desire of everyone to have money, money can equally create problems for someone, and how, when you have money, your freedom of movement reduces, because many times you will become a major target for kidnappers, and your movement becomes very restricted, sometimes you cannot even move out without security, and these are some of the challenges or problems that people who has money encounters.

[Dareo]

The real issue here is not the increase in income, but the increase in the cost of living along with the income. Things that were once considered a luxury, become a natural necessity after the income increases, even if you have more money, you may not be as comfortable as before.  Like earlier a simple house was enough, but later if you buy a big house, its maintenance also becomes a new responsibility. So money solves many problems, but if your spending habits are not controlled, it can also create new types of stress.

[Somto9Light]

However, a greater access to finance, can also change the structure of the problems that can arise. A person with higher access to income would naturally have a change of taste with; housing, choice of car, clothing and vacation etc..
A bigger house would surely come with a bigger cost of running, including more staff in place, a luxury car also comes with a higher maintenance cost, then there's a need to appear in designer clothes and off course a need to see the rest of the world, obviously travelling is one of the draining forces to finance, as it can pose to be outrageously expensive.

No matter any problem that having so much money will cause, it cannot be commensurate with the benefits of having money in abundance. You talked about the cost of maintaining luxury stuffs but come to think of it, those who will work to maintain those luxurious things that you own, ain't they going to get paid by you? Which means they are benefiting from you also but if you do not have money how will you get people to get things done for you and you pay them. Those people you are going to acquire the luxurious things from, are they not also benefiting from it? You need to understand that when someone is wealthy, other people will also be benefit because those shops he goes to get things, the restaurant, the recreational centres, they are all benefiting from him indirectly. So we cannot really say that having money in excess produces problems when same money can still solve most of those problems.

[Gost ms]

From the heading the OP's topic more money attract more problems, like the problem you'd face will have to match with the amount of money you have, that is if you getting more of it on a regular. For me making money and having more of it is like a test from life it seln how you can control it, make good use of it because any single mistake you make in life about money you would find yourself starting from scratch and you know you wouldn't want to go to that road, it is very rough especially as a man trying to make a better living. That is why rich men always keep pushing because the moment they stop and take a rest from hustling they start facing weakness in getting money, things will start going upside down, like you said, money solve problems and also produces more problems which means if you stop the problem becomes bigger but if you continue the money will act as a shield against problems while you solve them, it won't be that heavy as when you don't have it.

Everyone faces problems at every moment of life. It is wrong to say that no one will ever go through problems. I think that just because someone has money, they face more problems. Because I think that the amount of money a person owns creates the same amount of problems. For example, if a person owns 50 million dollars, then his movement and monthly financial expenses etc. will be much more than a person who owns 100,000 dollars. A person who owns 50 million dollars must have invested a lot in their business, but a person who owns 100,000 dollars may have invested 20,000 dollars. So I think that the amount of money a person has faces the same amount of problems. Money is the solution to all problems and everyone has problems in their life.

[Mayor of ogba]

When I saw the topic of your thread I hesitate to open it because I was curious to know the problems money produces but as i red through your post I don't see any problem money produces rather what I saw is what money can help someone achieve in life. Money comes with a lot of responsibilities and it can also help you handle those responsibilities easily if you are willing to make the money go round. If you have a project and you are too busy to handle the project since you have money, you can deploy the services of a project management, and he or she will oversee the progress of your project until it's completed and anytime you are chance you can go to see how your project is going. It's only someone that's not ready to deploy the services of people specialize in planning bigger house and maintaining it that will use the time he or her could have utilized somewhere else in planning bigger house.

[danherbias07]

It's a matter of contentment.

When a person gets used to living a simple life, most of the time they do not look for more. It's very rare for them to go to the mall and treat themselves or their family. Now, if they have access to loads of money, I think it will still be the same, and they will try to keep that money under control so that they can keep on doing that rare thing that they do for a long time.

Now, when it comes to those who have a very poor life, it can definitely go wrong. With access to big money, they will try to change their life, and it can get very expensive as they buy luxuries that they could not afford before.

It can go wrong, or it can go right. It depends on how content a person can be.

[Muba20]

The real issue here is not the increase in income, but the increase in the cost of living along with the income. Things that were once considered a luxury, become a natural necessity after the income increases, even if you have more money, you may not be as comfortable as before.  Like earlier a simple house was enough, but later if you buy a big house, its maintenance also becomes a new responsibility. So money solves many problems, but if your spending habits are not controlled, it can also create new types of stress.

When a person's income increases, his expenses also increase. The number of people who can live normally despite having a good income is certainly less. It is very easy for those who have this tendency to adapt. However, generally when a person's money increases, their expenses also increase. People start feeling scarcity. I have seen many people who, even after working for a long time, could not overcome their needs. Even though their salary incremented, the cost of living could not have any impact on that increment. A person who calculates properly can definitely survive in any situation. Everyone should consider their financial situation and make a balance between income and expenses, otherwise problems will keep coming.