Advantages and disadvantages of having a lot of money

IELTS Writing Task 2 with sample answer.

You should spend about 40 minutes on this task.

Some people say that money can make life easier and more comfortable. But others say that having a lot of money can bring some problems.

What do you think are the advantages and disadvantages of having a lot of money?

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Sample Answer:
There is not a single shred of doubt that money plays the most vital role in the world we live in. Money makes the easier and far cosy. If one is lucky to have it, he is lucky. However, having a pile of money causes some advantage and disadvantage, as it is a double-edge sword. In the essay, I will discuss both the benefits and drawbacks of belonging plenty of money.

Several advantages stem from abundance of money. First of all, it makes someone’s life easier and comfortable as he can buy what make his life easy. He can lead a cosy life ensuring amenities. Secondly, the affluent man can contribute to the society. To give an illustration of what I mean, let us look at the issue of unemployment. He can create job opportunities by establishing industries. With mountains of money, a man, thus, could be savior of hundreds of unemployed youths. Another key thing to remember, in our capitalist society, the amount of money determines the social status of an individual. An individual with an abundance of money can enjoy a dignified social status.

However, like every other thing, money has dark side as well. More often, a great deal of money can change human behaviour. It can make people boastful. An amiable person may turn into an unpleasant individual. On the top of that, money often causes addiction to get more money. Thereby, a man can use unfair means to earn more money. The abundance of money, thus, could be catalyst in performing many evil acts.

All in all, everybody wants to money at any cost. In this modern world, money keeps us alive. Without it, we face multitudes of problems, while our life would be harmed with the pile of money. This is the dilemma of money, unfortunately.