Can money buy your Happiness?
There are tons of websites out there about money.
Even songs about it!
Now don’t get me wrong and please don’t misunderstand my point, money is not a bad thing. Making money is not a bad thing. Making TONS OF MONEY is not a bad thing. But it is entirely too easy to become completely money focused. Even to the point where making and keeping money consumes your thoughts until you have this weird lovey-dovey relationship with the money itself (think Ebenezer Scrooge here).
What does money have to do with happiness? Well, a lot actually. As is with most things in life, it either enhances your happiness or helps to destroy it and I think it depends completely on your approach to Money itself and on your chosen state of mind. We could argue that there are really only two money mind-states – loving money, and not loving money. There are members of both camps who have tons of it (money, that is, not happiness) and it works for them (several FI bloggers refer to them as their little employees) and others don’t have much of it (money, that is, not happiness) yet seem to continually pursue it (money, that is, not happiness) will all their might.
On the other hand, we all know of people who, whether they be friends, family or distant acquaintances have chosen Happiness over Money. They pursue it (happiness, that is, not money) and seem to be more content than the average Joe. I have two neighbors who have chosen their happiness over their money and interestingly enough, one is financially independent while the other has what most people would consider barely enough to live on. Yet, after many, many hours of long insightful conversations it is pretty clear both are incredibly happy with their chosen paths. To me, this was a huge lesson – there was no one-size-fits-all formula to happiness, at least not one that involved money.
Money can’t buy your happiness unless you spend it on others.
At least that is what the research indicates.
Another study indicated that even if you have a low income if you spend money on others your are happier than if you only or primarily spend that money on yourself.#Money can’t buy your #happiness unless you spend it on others. Click To Tweet
We make a living by what we get. We make a life by what we give. – Winston Churchill
For me personally, I want to have more so I can give away more. After all, you can’t give away more than you have without going into debt. Debt, of course, can be the antithesis of happiness.
So, not to sound all preachy but the encouragement here is to master your money and not let your money master you. For help with money mastery, check out our great list of great FI bloggers.
There is a saying that I think is appropriate for this post. “Learn to be content in whatever state you are in.” I think you’ll find this will help in all of our Pursuits.
Share with us – How has money affected your Pursuit of Happiness?