Now that I am old, I know it is. The man whose face appears on the American $100 bill had a lot to say about money. George Bernard Shaw: "The more I see of the moneyed classes, the more I understand the guillotine. Money I believe is paramount to effective work running and people need to have a target to consistently aim towards. People just wouldn’t know what to do and stealing for many would make the most sense, once money is removed then anything goes. The world of business is based traditionally on making as much money as possible. Webinar: Valuation and Distress Analysis in the Post COVID Era. Everyone from philosophers (who typically have no money) to politicians (who know where all the money is hidden) has an opinion about money. ", Henny Youngman: "What's the use of happiness? Some people believe you can't be happy without money, some think you can't be happy with it. ", Cicero: "Endless money forms the sinews of war. I mean, it does make sense but are they really necessary? It's no wonder there are so many songs, poems, and musings about money and its impact, good or bad. It really does make the world go round. Money Makes The World Go Round, Or Does It? Certificate of Proficiency in Strategic Cost Management, SMU Academy, Singapore (5th Intake). It affects our daily lives like few other things. The human mind needs something to work towards and if that is a financial gain then so be it. It affects our daily lives like few other things. The Content of this eMagazine has been contributed by members of ICMA for the exclusive use of other ICMA members for their educational and professional development. We all work to get money and people kill for it, I appreciate they are two extremes but that’s now it works. ", Groucho Marx: "It frees you from doing things you dislike. It's no wonder there are so many songs, poems, and musings about money and its impact, good or bad. As a ‘creative marketplace’ On Target is protected by the Digital Millennium Copyright Act. As the song from 1966 hit musical "Cabaret" says, "Money makes the world go 'round." The Economy. Gordon Gekko from "Wall Street": "Greed, for lack of a better word, is good. Love may conquer all, but many a plot has been driven by a character's need for money; whether trying to get it, keep it or lose it. Website: www.cmawebline.org, Copyright © The Institute of Certified Management Accountants, Australia, How countries are raising debt to fight COVID and why developing nations face tougher choices, Net zero emissions targets are everywhere – we need to sort the genuine from the greenwash, ASX100 companies ahead of global firms in acknowledging climate risks, New research shows how banks can better address economic and financial abuse, Hybrid working boosts productivity, says employees, Accredited by the Commonwealth of Nations, Stay ‘Woke’ or Go Broke – A New Awakening for Global Business, Boeing Company v. United States: Showdown looms on Cost Accounting Standards, BDO comments that insolvency trading laws relief gives rise to zombie companies, What women really want in the professional services firms, Taxing financial winners from coronavirus to pay for the crisis – lessons from WW1, HBS for Certification and Training, Lebanon, Institute of Professional and Executive Management, Hong Kong, IPMI (Indonesian Institute for Management Development), Indonesia, PT Angka Bisnis Indonesia (Business Number Consulting), Indonesia, Wharton Institute of Technology and Science (WITS), Australia, Workplace Skills Development Academy (WSDA), Bangladesh. The ICMA hosts this magazine as a ‘creative marketplace’ bringing together content provider members who upload interesting articles they have come across that they believe that other management accounting professionals would like to peruse for their educational and professional development. ", Ralph Waldo Emerson: "Can anybody remember when the times were not hard and money not scarce? ", Tony Montana from "Scarface": "In this country, you gotta make the money first. The answer has to be yes, money really is important, without business we wouldn’t be developing as a nation and world and without progression things start going wrong on a large scale. The importance of money isn’t going to go away anytime soon and therefore it is important we all get to grips with its flaws. But it's a ripe source of material for anyone with a sense of humor or a sense of irony. The role of money in society is incredibly important. As the song from 1966 hit musical "Cabaret" says, "Money makes the world go 'round." It is a large industry and it is fundamentally driven by expansion and monetary gain. Since I dislike doing nearly everything, money is handy.". ", "If you would be wealthy, think of saving as well as getting.". Benjamin Franklin, one of America's founding fathers, was a strong advocate for paper currency for the American colonies. The world is changing and the business world is too but money is still at the heart of it and I am afraid that is something that won’t be changing anytime soon. All that I know now is if money was removed as a means of exchange, we would be in a state of panic and war within a month. It can't buy you money. ", Oscar Wilde: "When I was young I used to think that money was the most important thing in life. It is crazy to think about how the world was in the past compared to how it is now and the increased role money now has. If you have any questions regarding ICMA’s On Target Direct, don’t hesitate to contact us via our website. Then when you get the money, you get the power. Simply Put, Yes. Then when you get the power, then you get the women. Here are a few of Franklin's financial reflections: "A man may if he knows not how to save as he gets, keep his nose to the grindstone. It is what drives pretty much everything. The economy in the world is pretty unstable if you ask me and that is down to people’s greed. Businesses are vessels to create money for their employees and then to provide a service for it. ", "He that is of the opinion money will do everything may well be suspected of doing everything for money. Money is the root source of functionality on earth and if you don’t have money then you cannot properly function on the planet, it really is as simple as that. ", Tennessee Williams in "Cat On a Hot Tin Roof": "You can be young without money but you can't be old without it.". Khurana is the Editor-in-Chief for ReachIvy, and a teacher and freelance writer and editor, who uses quotations her! 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