Coins of Consequence: The Unseen Cost of Valuing Money Above All Else, By Johnson Babalola

The New Diplomat
Writer

Ad

Tinubu’s defence minister Badaru quits over deteriorating health, amid rising insecurity

By Obinna Uballa Nigeria’s Minister of Defence, Alhaji Mohammed Badaru Abubakar, has tendered his resignation, bringing an abrupt end to his tenure amid concerns over his worsening health. The development was confirmed on Monday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, who disclosed that President Bola Tinubu has accepted the resignation.…

BEYOND BOOTS ON THE GROUND

By Dakuku Peterside Not long ago, a well-worn phrase began to echo again in Nigeria’s public conversation: “We need more boots on the ground.” It is a phrase that sounds decisive, almost comforting. It suggests movement, resolve, and visible action. In a country where too many communities live under the shadow of fear, the image…

(PHOTOS) Ayuk, Ajetomobi, Orokpo Join Oni for 11th Annual ‘Prayer Storm’ in Port Harcourt

A powerful coalition of charismatic leaders, including the President of The Men of Issachar Vision, Pastor Samson Ajetomobi, and the fiery Apostolic voice, Apostle Michael Orokpo, is set to descend on Port Harcourt this January for the 11th Annual edition of "Prayer Storm." The highly anticipated spiritual convergence will take place from Monday, January 12th,…

Ad

Certainly, the significance of money in our lives cannot be overstated. It serves as the lubricant that keeps the machinery of our daily existence running smoothly. From basic necessities like paying bills, maintaining a residence, and acquiring clothing, to more indulgent pursuits such as travel and healthcare, money plays a pivotal role. However, it is crucial to tread carefully and avoid letting the allure of wealth dictate our values.

While money is undeniably important, it should never become the core determinant of our worth. Placing too much emphasis on the pursuit of wealth can lead to detrimental consequences. One of the perils of prioritizing money over genuine values is the susceptibility to exploitation by those who possess it. Corrupt politicians and civil servants, among others, may entangle individuals in contracts that compromise integrity and ethical standards.

Furthermore, when money becomes the primary measure of success and happiness, individuals may find themselves making misguided decisions in personal relationships. This could involve dating, sleeping with, or marrying individuals solely for their financial status, leading to abuse, a lack of respect, emotional fulfillment and genuine connection.

The consequences of valuing money over principles extend beyond personal relationships to the broader societal impact. Such a mindset may result in individuals sacrificing essential elements such as freedom, rights, and safety for the allure of financial gain. It may lead people to engage in professions they dislike, causing unhappiness and unfulfillment.

Moreover, prioritizing money can distort one’s social circle, forcing connections with individuals who do not have their best interests at heart. This can result in friendships that lack authenticity, with individuals associating with those who view them as belonging to a lower socioeconomic class.

When leaders place an undue emphasis on wealth, engaging in corrupt practices becomes a perilous temptation. The repercussions of this corruption are felt acutely at the grassroots level. Citizens, as a result of corruption, find themselves deprived of the benefits that should naturally accrue from the nation’s financial resources. Instead of reaping the rewards of economic growth, they are relegated to a status of second-class citizens, while their leaders revel in opulence. Additionally, the image of the country gets tarnished and national development is hampered.

The most severe repercussions of placing undue value on money manifest in actions that harm others and compromise fundamental human values. Pursuing financial gain at any cost may involve engaging in activities that deprive others of their dignity, financial stability, freedom, education, health, and, in extreme cases, their lives.

In conclusion, it is essential to recognize the value of money in facilitating various aspects of our lives. However, it is equally important to guard against letting money become the defining measure of our worth. When money takes precedence over principles, the consequences can be far-reaching, affecting personal relationships, professional choices, societal well-being and national growth. By maintaining a balanced perspective and not worshiping money, individuals can preserve their integrity, dignity, and sense of what truly matters in life.

NB: Johnson Babalola, a Canada-based lawyer, leadership consultant and corporate emcee, is a public affairs analyst. 

Ad

X whatsapp