Children should be taught about the importance of money from a very young age because money is the most important determinant of social success.
Money, in today's world is of paramount importance. Anything can be done when you have adequate money, and nothing can be done when you have no money. I wholeheartedly agree that children should be taught about the importance of money from a young age but I disagree with the reason that money is the most important determinant of social success.
Money, in its most layman terms can be described as any item or verifiable record which can be accepted as payment for goods and services rendered. If you want to buy food, you pay the grocer money in exchange for the ingredients. The consequences of young people not knowing the importance of money can be catastrophic. For example, a person who doesn't know the importance of money will spend the whole of his salary in luxuries and not invest any of it. In times of dire need, like an unexpected accident or disease, the person will not have any money saved to pay the medical bills. In this case, a loan will have to be taken and everything can go downhill from there.
Children must be taught the importance of money and of investing and saving from a young age. With proper investments and savings, a person can buy a house without taking a loan. He can plan for a comfortable living and save for it. When he retires, he will not have to work in the twilight stages of his life. He can enjoy the life he worked tirelessly for. He can ensure that the next generation is also taught about the importance of money.
Even though money is important, it is not the most important determinant of social success. The most important determinant of social success is how a person behaves. His sympathy for others and the willingness to help others out of generosity. We know that Bill Gates is one of the richest men in the world. But we know him more for his philanthropic efforts. Recently, he pledged over 150 million dollars for the research of the vaccine for Coronavirus. He has also spearheaded many charities for the welfare of others and promised to donate 90% of his wealth to charities and other social causes. Another great example is Sudha Murthy, the chairperson of the Infosys Foundation and the wife of the co-founder of Infosys. Through the Infosys foundation, she has spearheaded social work in the areas of healthcare, education, empowerment of women, public hygiene, art and culture, and poverty alleviation at the grassroots level. Her vision for better access to education has led to the construction of tens of thousands of libraries.
In conclusion, knowledge about money is of tremendous importance in today's world but doing something constructive for your society with that money is the most important determinant of social success.
Grammar and spelling errors:
Line 3, column 348, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: doesn't
...catastrophic. For example, a person who doesnt know the importance of money will spend...
^^^^^^
Transition Words or Phrases used:
also, but, if, so, for example, in conclusion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 18.0 19.5258426966 92% => OK
Auxiliary verbs: 17.0 12.4196629213 137% => OK
Conjunction : 19.0 14.8657303371 128% => OK
Relative clauses : 10.0 11.3162921348 88% => OK
Pronoun: 35.0 33.0505617978 106% => OK
Preposition: 64.0 58.6224719101 109% => OK
Nominalization: 15.0 12.9106741573 116% => OK
Performance on vocabulary words:
No of characters: 2248.0 2235.4752809 101% => OK
No of words: 467.0 442.535393258 106% => OK
Chars per words: 4.81370449679 5.05705443957 95% => OK
Fourth root words length: 4.64867537961 4.55969084622 102% => OK
Word Length SD: 2.77082995434 2.79657885939 99% => OK
Unique words: 227.0 215.323595506 105% => OK
Unique words percentage: 0.48608137045 0.4932671777 99% => OK
syllable_count: 702.0 704.065955056 100% => OK
avg_syllables_per_word: 1.5 1.59117977528 94% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 13.0 6.24550561798 208% => Less pronouns wanted as sentence beginning.
Article: 7.0 4.99550561798 140% => OK
Subordination: 3.0 3.10617977528 97% => OK
Conjunction: 3.0 1.77640449438 169% => OK
Preposition: 8.0 4.38483146067 182% => OK
Performance on sentences:
How many sentences: 26.0 20.2370786517 128% => OK
Sentence length: 17.0 23.0359550562 74% => The Avg. Sentence Length is relatively short.
Sentence length SD: 44.2436937639 60.3974514979 73% => OK
Chars per sentence: 86.4615384615 118.986275619 73% => OK
Words per sentence: 17.9615384615 23.4991977007 76% => OK
Discourse Markers: 1.73076923077 5.21951772744 33% => More transition words/phrases wanted.
Paragraphs: 5.0 4.97078651685 101% => OK
Language errors: 1.0 7.80617977528 13% => OK
Sentences with positive sentiment : 15.0 10.2758426966 146% => OK
Sentences with negative sentiment : 6.0 5.13820224719 117% => OK
Sentences with neutral sentiment: 5.0 4.83258426966 103% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.432209675202 0.243740707755 177% => OK
Sentence topic coherence: 0.138002895162 0.0831039109588 166% => OK
Sentence topic coherence SD: 0.189150601027 0.0758088955206 250% => The coherence between sentences is low.
Paragraph topic coherence: 0.299309402322 0.150359130593 199% => OK
Paragraph topic coherence SD: 0.142154498543 0.0667264976115 213% => More connections among paragraphs wanted.
Essay readability:
automated_readability_index: 10.2 14.1392134831 72% => Automated_readability_index is low.
flesch_reading_ease: 62.68 48.8420337079 128% => OK
smog_index: 3.1 7.92365168539 39% => Smog_index is low.
flesch_kincaid_grade: 8.7 12.1743820225 71% => OK
coleman_liau_index: 10.32 12.1639044944 85% => OK
dale_chall_readability_score: 8.03 8.38706741573 96% => OK
difficult_words: 105.0 100.480337079 104% => OK
linsear_write_formula: 10.5 11.8971910112 88% => OK
gunning_fog: 8.8 11.2143820225 78% => OK
text_standard: 9.0 11.7820224719 76% => OK
What are above readability scores?
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Rates: 50.0 out of 100
Scores by essay e-grader: 3.0 Out of 6
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.