MONEYMAKERS

 

Money is one of the basic needs of men and women in this world. It is as essential as the air we breathe in and the food we eat. Without money, we cannot have a comfortable life. In fact, we need money to buy many things necessary for our life. Some of us are fortunate to have inherited money whereas others are not that fortunate to have such easy money. Therefore money making has become one of the aims of our life.

There are many ways money can be made. One major way is manufacturing (printing) coins and currencies. This activity is performed by the government departments. They are authorized, not the individuals like you and me. Regulations and procedures are laid out for the manufacturing of money. Money has a relationship with the country’s economy. The value of money varies from country to country depending on the growth of the economy. So every country knows how much money it can manufacture. As we the people cannot or not allowed to print notes or make coins. But illegally some people involve themselves in printing counterfeit notes. These notes are exchanged for genuine notes with an attractive commission. Once this is done the counterfeit notes mix with the originals and circulate among people like us. Such activities are unlawful and illegal but still, it is going on.

There are two major methods of money-making – legal and illegal. The legal way of making money is the safe way whereas the illegal way is always dangerous. However, in our society people do make illegal money also. The legal way of making money gives peace of mind. When we work we get salary. When we do business we make money as a profit. Daily wage workers earn money legally. Big industrialists and corporate make enormous amounts of money every month. Sometimes these people lose money also and end up in a hopeless situation. In fact, money-making is an art. For a common man, money gives happiness. When he has money he can buy things that he needs for his family. One can buy a house/apartment, a vehicle for his and his family, dresses for him and his family members and thus he can spend the money. At the same time, he tries to save some money for future use. So, making money and money management is important for moneymakers.

There are many illegal ways of making money. One of them is stealing. Others are cheating others by getting loans, by corruption lending money and getting interests, by robbery and other means. These moneymakers are many in our society. Every day we hear the news of chain snatching, pickpocketing, bank robbery all over the world. Some of these cases end up in police and court cases. These are regular activities of illegal moneymakers.

That is one side of the story of moneymakers. The other side is how to store the money made legally or illegally. The governments have set up strict regulations. Money laundering and the accumulation of black money are activities of every day. Some of the moneymakers are experts in these aspects. They know how to cheat the government. If they deposit the money in banks, they have to show proof of the source of income and also they have to pay income tax annually. So black money or the unaccounted money will be detected and the concerned person is arrested and recovered the black money. Some intelligent moneymakers buy precious metals like platinum, gold and silver and store them in bank lockers or hidden in undisclosed places. Buying landed properties or investing in some businesses is another way they employ for safeguarding their money.

Therefore, it is not making money but also to the management of it is very tedious. Generally, big moneymakers will be helped by auditors who advise the moneymakers appropriately and save their money. These moneymakers pay the auditors to keep safe their money. Politicians, revenue officials, police forces and many more are mostly involved in illegal money-making. What is the solution for all these illegal activities? Is there a solution at all for this? Some unlucky are caught whereas the lucky ones escape. What a wonderful world we live in? - NARA