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More handpicked essays just for you.
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Why is it important that we be financially healthy? Does it matter if we choose our wants over our needs? Well in fact it does when one spends more than what their income can afford. One sometimes chooses their wants over their needs. The finance choices of wants and needs are effected in a capitalistic society, which also effects our active roles and behavior. We are persuaded in ways through marketing 's of businesses, sports, and supply and demands. These types of marketing has people buy their products, and in the long run have them in debt. A capitalistic society’s motives and research of demography, are ways to determine what the consumer like. Survival ties in with the ideologies, Johari Window and Maslow 's Hierarchy of Needs, which …show more content…
He constructs a pyramid of five tiers: psychological, safety, esteem, belonging and self-actualization. The first tier, psychological, are the basic deficient needs of our survival, needs such as: food, shelter, water, and clothes. The next elevated tier is to have safety. This tier involves being secure with your finances along with the stability of a home. After this tier comes belonging which describes to have the feeling of belonging from social needs of love friendship, family, and attachments. Belonging helps decrease in depression and loneliness because you’re accepted with involvements of love. These involvements brings to the next tier, esteem. This tier recognizes the ambitions of a person, as explained by Maslow, for feeling respected and appreciated. Esteem in this aspect helps with our personal worth. The highest tier of the pyramid is self-actualization. This tier is worried only on personal growth by fulfilling ones potential, to not care of the opinions of …show more content…
An example can be the new arrival of the iPhone 6. Strong performance out of the gate is not much of a surprise, given that the iPhone 6 broke preorder records for Apple, with more than 4 million preorders placed in under 24 hours (Makuch). Demand is higher for the next-generation iPhone than for the iPhone 5S and 5C in 2013 (Herbert). These kinds of materials effects our mindset from feeling our wants are our needs, and therefore effects the tier of psychological. These people’s lives are put to risk missing out on days to camp out for the new iPhone 6. Credit cards are also an affect to bring one more in debt, since they know that most of the things they want can’t be afforded. Credit cards crude in interest and take over when one can’t pay the money back. From falling into debt one’s esteem lowers because their survival is through credit
Most people believe that being wealthy results in being comfortable. But what if becoming materialistic means destroying the person’s character, relationships, and leaving them physically and mentally unhealthy. Is this comfortable? Depending on many perspectives, the purpose of life is happiness, health, and satisfaction. Yet, many believe that with materialism you can achieve a full and purposeful life. In reality, materialism replaces the satisfaction of having life’s necessities with the never-ending desire for things. This can leave people with the feeling of never being fulfilled with their life.
In historical context the rise of the free market industries is at its peak. In the year 1999 oil industries, electronics, fast food, clothing lines hit the front line. For the first time ever poor people are able to have what rich people have. Keeping up with the Jones, as many people say. There is this mindset of get it now and pay for it later. This leave most of the working class in debt. While consumers get the latest luxuries they are being “Consumed by Consumerism” (Domigpe). We have all become slaves to the brands of everything we buy. For example, when new electronics come out on the market that is mostly a want, but looks awesome, we buy it to keep up with the Jones and also because the advertisements tell us to. We also need the companies to live, because without them there is no employment. “Because of this circle, which is hanging over everybody in a modern society, the capitalists have pushed us into a place, where consumerism and capitalism go hand in hand” (Denzin). With the deb...
“Proper society did not think about making money, only about spending it.”, said Barbara W. Tuchman. This quote shows our real world, and the people that spend money, but they forget about the value of money. Nowadays people want more that they have. They forget how many things they have, and how much money they spend. Most people when they see other people having something better, and in that moment they want to have it also. Also, people forget how hard they got that money, but how easily and quickly they spend it. In the article “The treadmill of consumption” by Roberts, he says that people are willing to go into debt to buy certain products and brands. That is right that people can do crazy things to buy certain goods.
1. Maslow’s Hierarchy of Needs is a motivational theory in psychology about human needs, often depicted as hierarchical levels within a pyramid. Maslow expressed that individuals are motivated to achieve certain needs and that some needs should be prioritized over others. Maslow’s Hierarchy ascends from the bottom to the top as followed: physiological needs, safety needs, social needs, esteem needs and self-actualization. The novel, "Life of Pi" follows a boy (also the narrator) who finds himself stuck on a raft for numerous days without any supplies. In the meantime, he must share his raft with a Bengal Tiger. Fending for himself he seeks out equipment and supplies that fit Maslow’s Hierarchy of Needs.
Unlike many of his colleagues at the time who were focusing on psychopathology, or what is wrong with individuals, he focused on how individuals are motivated to fulfill their potential and what needs govern their respective behaviors (McLeod)). Maslow developed the hierarchy over time, adjusting from a rigid structure where needs must be met before being able to achieve a higher level, to where the individuals can experience and behave in ways across the hierarchy multiple times daily depending on their needs. The hierarchy is comprised of 5 levels; Physiological, Safety and Security, Love and Belonging, Esteem, and Self-Actualization. The bottom two levels are considered basic needs, or deficiency needs because once the needs are met they cease to be a driving factor, unlike psychological needs. Loving and Belonging and Esteem needs are considered psychological needs, and are different from basic needs because they don’t stem from a lack of something, but rather the desire to grow. Maslow theorizes that individual’s decisions and behavior are determined based on their current level of needs, and the ideal level to achieve full potential culminates in self-actualization; however, operating on this level cannot be achieved until the preceding levels of needs have been
Kasser argues, “Indeed, what stands out across the studies is a simple fact: people who strongly value the pursuit of wealth and possession report lower psychological well-being than those who are less concerned with such aims” (494). Consumers let material things control many aspects of their lives without a second thought. Furthermore, they need things to make them feel better, whether it is because of loneliness or some other reason. Some people see having more material things as a way of fitting in with society and thinking that money and things give people status. Materialistic people often do this at the expense of their health and family. Materialistic values can originate from early insecurities or childhood trauma. Accruing more things is only a temporary fix to the root of the
The labor market is given a key role in the recent literature on economic growth. The rising of the labor force participants presents an opportunity to increase Gross Domestic Product (GDP) and drive economic expansion. However, the existing of financial problems among the employees has a real impact on financial wellness. According to University of Texas Arlington (2014), financial wellness is an intricate balance of the mental, spiritual and physical aspects of money. The unique combination is an ideal to strive towards in consumers dealings with money. Nowadays, an increase in the cost of living without an increase in salary requires consumers to manage their financial resources effectively in order to maintain their purchasing power.
When a child deals with their parents divorce, it affects them emotionally, mentally, and physically because they don’t know how to deal with cope. It also causes them to lose their self-esteem and self-worth. Daran Brown is a new history teacher at a local high school, and he never had a motivation class. His concern is his sophomore student, Caitlin. Caitlin is a new student who just moved to Phoenix with their mother after her parents’ divorce. Daran believes that Caitlin is an intelligent student, but Caitlin does not have motivation in his class. She earns a Cs in his class, and does not take notes especially when Daran reviews material for the upcoming test to help student to be more prepared. Caitlin also makes jokes to other students about school that she does not care. She also complains that Daran’s history class is boring and difficult to get an A. However, Daran feel that Caitlin is unmotivated in his class. I would explain Caitlin lack of motivation by using Maslow’s Hierarchy of Needs. Maslow’s Hierarchy of Needs is a motivational theory that represents as a pyramid wit...
Abraham Maslow did studies of the basic needs of human beings. He put these needs into a hierarchical order. This means that until the need before it has been satisfied, the following need can not be met (Encyclopedia, 2000). For example, if someone is hungry they are not thinking too much about socializing. In the order from lowest to highest the needs are psychological, safety, social, esteem, and self-actualization. The first three are classified as lower order needs and the last two are higher order (Hierarchy, 2000). Without meeting these needs workers are not going to be as productive as they could otherwise. The first three are considered to be essential to all humans at all times. The last two have been argued but are mostly considered to be very important as well.
This theory the individual is responsible for their lives and their actions to have the freedom and willingness to change their attitude and behavior. This theory is the study of the whole person to focus on their positivity and strength individually to develop a stronger sense of self and safety to gain a sense of meaning in their life. According to Maslow, “The needs are placed conceptually on a 5 tier pyramid, with the most basic and important needs on the lower level. The higher levels, the more distinctly human needs, occupy the top sections of the pyramid. According to Maslow, when lower level needs are met, higher level needs are able to emerge” (Varcarolis, 2017, pg.23).
What ties the individuals and their lives together is the manner in which they choose to settle on the decisions against the risk of lack. The economy is about why individuals settle on the decisions they make and what the suggestions or impacts of those decisions are, and it plays a significant part in everyone's lives. As America advances in technology, our materialism appears to grow and technology has become a tool for distracting individuals. A century or two past, our society’s hierarchy was supported by cash and land. Today’s new materialism determines your placement on the social ladder.
Ka- Ching Ka- Ching the sound of the cash register when it ranged up the purchase of those 250 pants and your walking out the store feeling like a top millionaire. However gas in your stomach has you cramping up, darkness is what you see when you arrive home and boredom is how you feel because there’s no food in the cupboard, light and telephone off. Therefore there’s no one to talk to. However that’s alright because priorities are in order and satisfying material wants are far more important than your basic needs like water, food and light. People are often driven by feelings of material entitlement because they want to live extravagant lifestyles like the lives they see in movies and magazines. In Cottom’s essay "Why do Poor People waste money on luxury goods"? there are certain scenarios where the author illustrates people spending money on useless status symbols to fit in society and gain social status like spending 2500 on luxury handbags and buying expensive designer belts . This goes to show the main reason a person may spend money on luxury handbags and belts is because people in society makes a big deal about it .In this essay I shall claim that we live in society that values too much on material items that can lead to crime, debts and can cause a individual to stray away from God teachings.
Researching the Hierarchy of needs pyramid this is was done because he wanted to understand what motivates people. What was believed was that people take a set of motivation system unrelated to rewards and unconscious desires. Maslow stated that people are motivated to achieve certain needs. When one need is met a person seeks to fulfill the next one and so on. http://www.simplypsychology.org, 2007-2014 . With the Maslow hierarchy of needs it starts at the bottom and work its way up to the top. One must fulfill lower lever basic needs before
Researchers have by and by hypothesized regarding why there may be a causal connection from materialism to reduce prosperity, by recommending that materialism include an inversion of needs wherein consumers surrender values and practices that have a tendency to be connected with more prominent fulfilment for those that are connected with lesser fulfilment. In particular, Aaron C. Ahuvia, Nancy Y. Wong, (2002), expanding on Inglehart, contends that materialism organizes lower request needs over higher request needs, which brings about lower levels of life fulfilment. Burroughs and Rindfleisch, suggest that the individualistic introduction of materialist qualities clashes with aggregate arranged values, for example, family or religion (Andrew V. Abela, 2006, Pp. 7). This contention creates strain, which is then connected with a reduced feeling of
Instead of realizing the hardships that others face, the more affluent people in society ponder ideas on who they can ultimately benefit themselves instead of thinking of others and how they can help them. The ongoing trend for the affluent people in society is showing that they only do things that will help them to rise above others. Not all people who live a wealthy lifestyle are selfish; some people live an affluent lifestyle who go above and beyond to help others who struggle with money. The ones who help people who struggle are seen as rare because there are a lot of stereotypes that affluent people are