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They Say Money Can’t Buy Happiness, It Can Buy Something More Important Though

They Say Money Can’t Buy Happiness, It Can Buy Something More Important Though

Money is construed differently by different people to mean different things. Some see it as a piece of paper. To some, it is synonymous to wealth. But, regardless of the perspective, we have all come to agree that money is a resource that we can use to buy goods and services.

Can Money Buy Happiness?

They say money can’t buy happiness, and to a certain degree that’s true, but poverty doesn’t bring happiness either, does it? Does money bring happiness? Typically, people who say money doesn’t buy happiness are usually the ones who never had money. Hence, why they use the “money can’t buy happiness” motto to rationalize their inability to get out of their financial struggle.

This contradictory line is fast becoming a cliché that plagues our society today. While people seek solace in this line, some even infer that money is the root of all evil. This begs the question: what is poverty? The root of all goodness?

Tell that to a homeless beggar who struggles to have a meal a day or a promising chap who has just dropped out of school all because his parents couldn’t afford to further his education due to a lack of funds, thus, having his hope of a bright future dashed. After all, how many marriages and families have been destroyed due lack of money? How many lives have been lost as a result of abject penury? The answers are countless.

And talking about happiness, it is a myth that we’ve believed in. We are so attached to the idea that happiness is achieved when everything in our life seems perfect, so we actively pursue it every day.

The shocking truth is, the term “happiness” is relative, which makes it hard to define and achieve. What might be a source of happiness for Tom might not be the same for Jim.

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In other words, the nature of human needs presents the argument that money can buy happiness as quite a paradoxical one.

If Money Can’t Buy Happiness, It Can Buy Everything Else.

money can't buy happiness

    Food, shelter, health care, clothing, education, and to a certain degree, even relationships. If money can get you all of these things at your disposal, what more could you wish for?

    In their interesting research paper titled, “If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending Right”, Elizabeth Dunn, Daniel Gilbert, and Timothy Wilson pointed out eight rules to help “buyers” achieve more happiness for their money. Find the summary of the rules below:

    Buy more experiences and fewer material goods

    Happiness derived from experiences is long-lived and tends to last a lifetime with us, unlike material things that we get used to or bored of quickly and want to replace.

    Use your money to benefit others rather than yourself

    As humans, our associations with our fellow beings is a contributing factor of our happiness. There is always this happy feeling and contentment that one gets after spending money on others. To help others, you can give back to charity, sponsor scholarship programs, or donate to NGOs.

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    Booker T. Washington said, “Those who are happiest are those who do the most for others.”

    Buy small pleasures rather than fewer large ones

    The degree that happiness is derived is not necessarily a function of the amount spent on big things. A suit might cost 10 times more than a shirt and a pair of pants, but that doesn’t mean the pleasure or utility derived from such a splurge will be 10 times more.

    So why spend so much on a big vacation once a year, when you can spend less on picnics every quarter of the year and get more experiences in the process?

    Eschew extended warranties and other forms of overpriced insurance

    Buying extended warranties and expensive insurance is a result of the fear of the unknown.

    In fact, people who buy too much insurance tend to be unhappier than those who don’t. Buy less, worry less!

    Delay consumption

    Anticipation of the consumption of a good or service alone can be a source of pleasure. As a matter of fact, this pleasure often overshadows the pleasure derived from the actual consumption.

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    Consider how peripheral features of your purchases may affect your day-to-day

    At times, it is better for consumers to be more realistic in their anticipation for a purchase. Looking beyond the fanciful features often helps prevent any unnecessary unhappiness that may arise in future.

    Beware of comparison shopping

    Comparison shopping can bring about a misconception in the actual intent of shopping. This is because consumers may get distracted from the qualities of the product that will bring them pleasure and settle for the wrong product. Technically, they end up buying unhappiness with their money.

    Pay close attention to the happiness of others

    Sometimes, the true definition of our happiness may lie in the hands of other people. As stated by the authors, “Research suggests that the best way to predict how much we will enjoy an experience is to see how much someone else enjoyed it.”

    Money can at least buy us freedom, which is just as important as happiness.

    money can't buy happiness

      One of the most significant roles that money can play in one’s life is that it makes you less indebted to those who possess it – it brings about independence.

      This must be what William Faulkner saw when he decided to resign from the Oxford, Mississippi. With enough cash in hand, you can do what you want, get what you want, and go where you want. Yes, it sounds good, but there is a downside as well.

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      As much as money can bring liberation, people can still easily be enslaved to it. When people are slaves to their money, they tend to panic about losing their money. They start to worry about futuristic uncertainties (thus, creating problems where there are none). In fact, their relationships with their family and friends begin to go weary.

      This has led us to another pertinent question: Who is better between a well-fed slave and a hungry free man?

      Albert Camus gave his answer when he said, “It’s better to be a free pauper than a rich slave.” He went further to say, “People want to be rich and free and because of, that they become poor slaves.”

      The point is, freedom is not just free. It unavoidably has a price attached to it, but that doesn’t mean you’ll need a million dollars to acquire it. Having money doesn’t necessarily make you happy, but it increases the odds dramatically if you know how to use your money.

      With money comes freedom, and with freedom comes happiness.

      Before using the all too common line that money can’t buy happiness, you might want to give it a second thought.

      Featured photo credit: Getty Images via time.com

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      Damian "Pros" Prosalendis

      Entrepreneur, Business Owner

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      Last Updated on October 15, 2019

      How To Be Successful In Life? 13 Tips From The Most Successful People

      How To Be Successful In Life? 13 Tips From The Most Successful People

      What is success to you? How to be successful in life?

      To some, when they think of success, they imagine wealth; others want power; some just want to make a positive impact on the world.

      All of these are perfectly valid, indeed success is a concept that means different things to different people. Though no matter what success is to you, it almost certainly isn’t something will come easily.

      There are countless guides and books to being successful, however, as success is personal and unique to each individual. The advice contained in these books can often not be relevant. Therefore following the advice of a single individual can often be unhelpful.

      With this in mind, considering the advice of a great many people, people whose ideas of success were different both to each other, and quite possibly, to you can be a good alternative.

      What follows is a list of thirteen of the best pieces of advice from some of the most successful people who have ever lived. If you want to learn how to be successful, these 13 tips are essential:

      1. Think Big

        From Michelangelo Buonarroti, Great Renaissance Artist:

        “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.”

        There are few artists as influential as Michaelangelo. Today centuries after his death, his work still inspires and connects to people. His work is world famous, just think of his statue of David, or the Mural in the Sistine Chapel in the Vatican.

        Imagine then, if he decided not to work as an artist.

        Being a successful artist has always been extremely difficult, imagine if he decided to give up this ambition in favour of something easier?

        Oftentimes, people often decided to put their dreams aside for something more “realistic”. To give up their dream for something easier. This quote teaches us the danger of such a point of view.
        Instead be ambitious.

        2. Find What You Love to Do and Do It

          From Oprah Winfrey, Media Mogul:

          “You know you are on the road to success if you would do your job and not be paid for it.”

          This is a good quote to remember and think about when you’re at work.

          Imagine being as successful as possible in your current job. Ultimately you’ll probably find yourself working extremely hard and this it will take up much of your time.

          If it’s a job you hate, then being successful at it might only mean filling your life with something you hate to do. What’s the sense in this?

          Instead, why not focus on doing something you love? When you’ve found what you’re passionate about, you get the motivation to keep you moving. Success at this means the fulfilment of your dreams.

          Not sure what your passion is yet? You should learn about this Motivation Engine first.

          Even if you’re not successful, you still filled your time with something you love to do. Many successful musicians spent years of their lives doing unpaid performances, the only reason they kept playing was because they loved to perform.

          3. Learn How to Balance Life

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            From Phil Knight, CEO of Nike Inc.:

            “There is an immutable conflict at work in life and in business, a constant battle between peace and chaos. Neither can be mastered, but both can be influenced. How you go about that is the key to success.”

            All too often, people think that to be successful, they need to make the object of their success their life.

            If a person thinks their job will lead them to success, then they may spend countless hours per day, and well into the evening working hard.

            However this comes at the cost of rest, your health and having an enjoyable life. Ultimately they may burn out and cease to be successful at their job anyway.

            If success comes from having a strong social life and a good group of friends, their job may suffer; meaning that they may lose their job, and then be unable to afford going out with friends.

            In these ways, success, as Phil Knight says above, is helped by balance. Think of it as a balance between rest and work, or work and play.

            To achieve that balance, this Ultimate Guide to Prioritizing Your Work And Life can help you.

            4. Do Not Be Afraid of Failure

              From Henry Ford, Founder of Ford Motors:

              “Failure is simply the opportunity to begin again, this time more intelligently.”

              There is a story, it’s unconfirmed whether it actually happened, yet the message within is none the less true:

              Thomas Edison inventing the lightbulb was the result of several hundred failed attempts. In an interview, he was asked “How do you feel after all of your failed attempts?”

              His response was great, “I didn’t fail, I learned hundreds of ways not to invent the lightbulb”

              He saw each “failure” as a lesson. From that lesson he learned what won’t work, and also might work instead.

              Each failed attempt, each rejection, were key steps on his path to success. It is easy to feel like you should give up after a failure. But perhaps in that failure is a lesson.

              Pay attention to your failures, study them. Perhaps then you’ll learn how to succeed.

              If you find it difficult to fight your fear of failure, here’s a guide for you: Why You Have the Fear of Failure (And How to Conquer It Step-By-Step)

              5. Have an Unwavering Resolution to Succeed

                From Colonel Sanders, Founder of KFC:

                “I made a resolve then that I was going to amount to something if I could. And no hours, nor amount of labor, nor amount of money would deter me from giving the best that there was in me. And I have done that ever since, and I win by it. I know.”

                This, in many ways relates to the above quote about learning from your failures.

                It’s the easiest thing in the world to give up from a failure. The only way to push on is if you have the true burning desire to succeed, to not be moved or dissuaded from your goals.

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                If you are not truly dedicated towards success, then each failure will hurt more, each set back will slow you down.

                Success is hard; without the unwavering desire to succeed, this difficulty may seem insurmountable. With the desire, it is merely an obstacle to go through.

                6. Be a Person of Action

                  From Leonardo da Vinci, Renaissance Genius:

                  “It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.”

                  Though it was said hundreds of years ago, it works just as much today as it ever had. It applies to literally any successful person.

                  Think about it, picture someone like William Shakespeare:

                  When we think of the time he lived in, we think of the time in a way shaped by him. When we think of Renaissance era Italy, we think of Michelangelo and Leonardo Da Vinci. Or think about the present day, Bill Gates or Steve Jobs. Our current way of life would simply be incomparably different if they didn’t accomplish what they did.

                  You’re probably reading this article on a device by a company that they either founded or companies influenced by them.

                  All these figures were proactive, they saw ways to do things differently and did them. If they let the world shape them, then they’d simply fit into the background. Instead they shaped the world.

                  Applying this to you?

                  Don’t be afraid of going outside the norm. If you can think of a better way to do something, do it that way. If you fail, try again.

                  7. Cultivate Positive Relationships

                    From Theodore Roosevelt, 26th President of America: “

                    The most important single ingredient in the formula of success is knowing how to get along with people.”

                    The best leaders and some of the most influential people (and Theodore Roosevelt is one of the best leaders and one of the most influential people to have lived) were not those who caused commotions, who fought with people or disregarded people; but were people who were friendly to those around them.

                    People liked them. They wanted them to do well.

                    This is key to good leadership.

                    It’s logical. If someone likes you, they want to help you; if you give them a suggestion, they’ll gladly follow through with it.

                    But if someone doesn’t like you, they may either refuse to help or actively get in your way.

                    What’s more, it’s always a good idea to cultivate good relationships. You can never tell who will prove to become someone who’ll be able to help you in a big way, or even be a good and supportive friend.

                    As such, help people and they may help you; and be good to people, and they my be good to you.

                    8. Don’t Be Afraid of Introducing New Ideas

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                      From Mark Twain, Famed Author:

                      “A person with a new idea is a crank until the idea succeeds.”

                      It is an unfortunate truth that those with the boldest ideas are often disregarded.

                      Most of us are taught from an early age to think and do things similarly to everyone else. This can be great to fill an existing role. But to truly do things differently (and all successful people did things differently), you need to think differently.

                      If you have a new idea, don’t throw it away because it’s new and different; instead, celebrate it. Your strange new idea might one day be the one that leads you to success.

                      9. Believe in Your Capacity to Succeed

                        From Walter Disney, Founder of Walt Disney Company:

                        “If you can dream it, you can do it.”

                        Success has to be something you can imagine yourself achieving.

                        It is possible that you will come across those who doubt you and your ability to succeed. You must not become one of these people because the moment you cease believing and dreaming is the moment these dreams fall away.

                        Keep dreaming!

                        10. Always Maintain a Positive Mental Attitude

                          From Thomas Jefferson, 3rd President of America:

                          “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”

                          Like the above quote says, you need to trust in your ability to succeed. This is the only way to cultivate the right mindset.

                          Replace negative thoughts with the positive ones. You need to approach problems, not as obstacles stopping you, but merely tasks that need to be completed for you to keep going.

                          If you stay positive and think like this, setbacks won’t affect you so much, people’s doubts won’t impact you and even the biggest obstacles will seem like minor problems.

                          However with the wrong mindset of doubt, you’ll be much easier to stop.

                          11. Don’t Let Discouragement Stop You from Pressing On

                            From Abraham Lincoln, 16th President of America:

                            “Let no feeling of discouragement prey upon you, and in the end you are sure to succeed.”

                            It is an unfortunate fact of human nature — all of us in some way, doubt ourselves. This can be made far worse if others doubt us too.

                            When surrounded by doubts, giving up can actually seem like a good idea.

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                            Don’t pay attention to the doubts. If you are discouraged, ignore it.

                            If this discouragement moves into your mind and you begin to doubt yourself. It is important to ignore this too.

                            This is How Self Doubt Keeps You Stuck and How to Overcome It

                            12. Be Willing to Work Hard

                              From JC Penny, Founder of JC Penney Inc.:

                              “Unless you are willing to drench yourself in your work beyond the capacity of the average man, you are just not cut out for positions at the top.”

                              You might have heard the quote that “success is 1% inspiration, 99% perspiration” or you may have heard about the 10,000 hours idea.

                              Whichever way you frame it, they say one thing:

                              True success comes from work.

                              You’ll never become successful if you don’t work towards your goal in life and keep working towards it.

                              Check out this article and you’ll understand Why Hard Work Beats Talent.

                              13. Be Brave Enough to Follow Your Intuition

                                From Steve Jobs, Co-founder of Apple Inc.:

                                “Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

                                In ancient Greece, there was a group of Oracles who lived in Delphi. Everyone who needed advice or to know their future visited them, from the poorest of society to kings. Above the doorway of the temple were the words “know thyself”.

                                If you strongly believe and desire something, chances are that you already have an idea how to get there. If not, you may naturally know what things will help you and what things will slow you down.

                                It’s like how your body can detect danger even when things seem safe.

                                Ultimately then, you need to trust your own instincts.

                                Final Thoughts

                                What you might have noticed is that many of the above lessons are similar — most are about developing the right state of mind. This clearly suggests that the key to achieving success, in whatever you wish, comes down to the way you approach it mentally.

                                Moreover, no matter what stage of life you’re at now, you can still make a difference and pursue success. You can make resetting your life possible when you do this: How to Start Over and Reboot Your Life When It Seems Too Late

                                More to Help You Succeed in Life

                                Featured photo credit: Ryan Wong via unsplash.com

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