What if there is no money in the society

I have always been a fan of movies based on post apocalyptic events. Every time I watch such movies, different ideas of resuming humanity/mankind again started hovering my mind. One of them is to completely eliminate the use of money. Though, in current scenario, it seems completely impossible for not using money/item in any transaction. But thinking of it for a while, it seems to be possible to a certain extent. What if people just get what they want without paying anything and there should be no trading of currency or item for it.

The main motivation of people in this kind of scenario should be to just feed his/her hunger rather than collecting assets. What it means is that a person must be getting something to eat/drink whenever he/she feels hungry/thirsty. There should not be any other reason for living. The sole motivation of living is to feed oneself and family. If everybody agrees to do so only then this kind of environment is possible. People will be growing their own food and feeding their family. If they require anything from outside, they will get it for free and they will also provide anybody anything for free. There should not be a feeling of give and take/barter/exchange or returning the favor.

Take a bigger scenario. If you need to go somewhere, it is the responsibility of the government of the country to provide you transport and if that country's  government do not have resources for it then it can ask from another country to help them to build proper transport facilities. It is purely on the basis of sharing the resources rather than paying for it to get the service. These two countries should agree to mutually share their resources. There should not be a criteria of quantity. If resources are available in the country and the country is in the position of providing assistance to another country, it will provide help to that country and should not think of getting similar favor in return.

I know its very hard to implement, it is just an idea. Seems like a weird one but it is just a thought that came to my mind while watching these movies. One can start this between two families, then society and then between countries and then gradually other countries can also join it.

Priorities of Life

I have been deciding my priorities in life but when I tried to pen down these, I couldn't decide which one comes first and second. There are so many things right now which I need to fulfill, which I desire, which I was long waiting for. And now when I have resources for them, I don't know which one to complete first. Its true that all of these activities are related to money. I cannot complete all of them at one go due to limited money but certainly afford some of them. The real confusion is which one to choose first.

I am sure this must be happening to many people to manage their life, decide priorities, etc and I am sure they must be finding it tough, isn't it? I know about me, I am finding it tough. There are many things/commitments in life which a person gives lot of thought before pursuing any of them. It requires lot of careful planning, time investment. I am going through the similar phase. But talking in general, I am listing down few of the activities (do you call these activities?) which a person always gets confused before attempting them.

Higher Studies or Job
Marriage or Career
Plan a Baby or Give some more time
Foreign Trip or save more money
Rented house or buy a home
Job change or not
Save or Invest

These above are some of the most important and difficult decisions one has to made in his/her life.

Switching option

There are many insurance companies in India providing insurance to individuals. They have both simple insurance plans and ULIPs (Unit link Insurance Policy). Many people holds the insurance ULIP policies these days.

How ULIPs works?

The premium which we pay for our insurance also gets invested in stock market and other investments. Almost all insurance companies have various investment plans under ULIP. There are all equity plans (all the money invested in share market), all debt plans (money invested in govt. bonds and securities) or the combination of both these plans. These companies also give one option where we can switch these plans based on the market conditions.

People are either not too educated about it or they dont know how to use this option and at what time. The policy which I have, has 3 switch options free in one year. Earlier my money was invested in combination of all equity and debt plan. But as we all see now that markets are improving, I switched my plan to all debt. And now when I check the NAV of this plan it is increasing at very fast rate. It means if I would have not used this option, my fund value would be increasing slowly.

Therefore, I suggest all those people who are having such policies to make use of this option.