The Necessity and Importance of Money in Time

• Main Author: Vasciuc (Săndulescu) Cristina Gabriela
• Format: Article
• Language: English
• Published: Ovidius University Press 2018-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: predicted vision; saving up; investment; liquidity; management; profitability
• Online Access: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2018/08/26-1.pdf

„In order to be a winner you need three things: money, money and money.” NapoleonBonaparteStarting from this idea, we get to a point where we realize the importance of money in each fieldor domain of activity, a resource that is necessary, limited and not-renewable if not usedaccordingly. Thus, an important part is played by self-discipline in economy, a sinequanoncondition in order to have money and to make smart investment, both actions led by people whoare determined, persuasive, confident and courageous and who can take risks while seeing the bigpicture. In relation to money, knowledge plays an important part: the way we perceive our own moneydetermines the way we handle it: we often spend unjustified or we make a smart investment to gainan additional winning. The financial resources are very important for the entrepreneur alongsidewith ideas and a good management, thus creating a positive role and a fast expansion incompanies’ and countries’ development, in which these tactics are applied on a short, medium andlong term.