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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 February 18, 2019

      13 Tips to Face Your Fears, Grow with It and Enjoy the Ride

      13 Tips to Face Your Fears, Grow with It and Enjoy the Ride

      Fear. I spend my life talking about fear — fighting fears, fixing fears and understanding fears. And yet I doubt I get 10 calls a year from people saying “Mandie can you help me fix my fear?”

      Why is this so critically important to you?

      The realization for me is that fear is not the fundamental driving force in your life it’s what regardless of whether I’m talking to a doctor, a teacher, a CEO’s, a senior citizens or teenager – every single one of those conversations has a direct correlation with your world.

      Fear can range from the overwhelming desire to look away or stop in your tracks to literally fleeing your country and the life you knew. In this article, I will share you with 13 tips to face your fears and enjoy the ride.

      1. Know That Fear Is Real, but Can Be Overcome

      Right now around the world people are facing fear — real fear. Fear that I pray my children and I will never experience. Does that lessen my fears or your fears in your relativity safe 21st century life?

      When I look at the world we all live in, I find that fear like so many other emotions can mean so many different things to so many different people:

      • The child who has to be physically dragged to their first day of school.
      • The man facing the judge.
      • The woman with her hand poised over the buttons over her phone because she has to walk down a dark corridor late at night alone.
      • The man as the surgeon says “count backwards from 10 Mr Smith.”
      • The woman that’s told “We are sorry, we can’t help you.”
      • The man that faces the empty circle of a gun and prays for his very existence.

      These and a million more (Portrayed in every kind of movie, book or song you could imagine) are what make us human. We face fear and somehow move forward or are stopped in our tracks.

      Like the rabbit in the headlights of the car that veers off through the field away from the tyres of the car or stays still praying for salvation. Like someone will save them. Sound familiar?

      Fear is huge. Fear is everywhere and yet fear can be overcome, controlled and can even be a power for good.

      2. Accept Your Fear

      Firstly if you aren’t facing the barrel of the gun, atrocities that make the news or impeding death, that’s a good start. However it doesn’t mean your fear is any less real.

      We are quick to say “I can’t moan, my life is not as bad as X.” While in theory, that’s honorable your appreciation of Mr. or Mrs. X’s horrific life won’t change anything directly. So accept your fear is relative to you.

      And here’s what can be done.

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      3. Get Some Perspective

      I found myself asking anyone that would answer “what is your worst fear”. The answer that intrigued me the most came from my daughter (15 years old and she usually has a copy of Fight the Fear – my book – in her school bag so she can help someone else be as positive and confident as her. No matter what life throws up.)

      And her fear, surprised me — heights. I pointed out that we live in a sprawling bungalow (one storey) and the highest she goes is two storeys’ at school! She laughed but added, fear isn’t like that Mum. I know it’s not a real fear, but it’s like when you stand on a chair and feel unsafe.

      That girl will go far. Because she truly gets fear.

      We know something is scary and yet we still do it. Why? Because we have a perspective to the fear. When you lose perspective, it can feel too big, and too scary.

      So look around you to get some perspective on your fear:

      • Are you really at risk?
      • Will this kill you?
      • Which leads us on to..
      • If the worse was to happen what would it be?

      4. Hold a Hand

      As a coach, it is my job to holds someone’s metaphorical hand and help them face a fear.

      Like the child petrified of the thunder storm or the teen that can’t get back in a car again after failing their test, your job as a parent is to reassure, encourage, enable and motivate someone to face something that ideally they never would choose to again.

      We know many of our fears aren’t real. However, it is only when someone guides us with love, respect, lack of judgement and safety are we able to get through fear. And trust me, you can get through your fears. I’ve seen it so many times.

      Ask yourself:

      • If the worse were to happen, what would that be?
      • Could that really happen?
      • If the worse did happen, how would you recover?
      • If the worse were to happen, what would you need to do next?

      By seeing fear as not the end destination but part of being human, you can see through it’s wily evil ways and move forward.

      5. Know Whose Hand You Hold Either Physically or Emotionally

      This helps with fears for the rest of your life.

      Think of someone you can always rely on (and ideally you won’t just answer yourself because that adds a lot of pressure to your existence!) And you will find that you’ve already found a way to get through fear.

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      The beauty of this is that it means that fear becomes part of life not something to be feared and shied away from.

      It means you know you can turn to your friend, partner, colleague, parent, sibling and say “Right I need to deal with this, and I’m going to need you to help me.”

      For one moment, think about it from the other person’s view point. When we get to help other people we feel valued, loved, respected and lots of other positive emotions and we get a good dose of positive chemicals setting off in our bodies too.

      Your fear, and your determination to fight it, helped someone else too. Now that’s cool right?

      6. Understand That There Are Some Things Fear Will Never Touch

      I like to find role models in life — people who have faced heroism, history changing moments, war, atrocities, miracles, life saving inventions.

      Not everyone was looking for greatness, however they all found it. And one of my favourite books to date is written about Alistair Urquhart, the forgotten highlander. If this doesn’t get turned into a film in the future, then no man’s story is likely to.

      Alistair went through the most horrific experiences in the 2nd world war. If you think of one of the awful things that happened back then in our world, Alistair went through at least 3 of them! Asked afterwards how did you cope? He talked about how whatever they did to his body, no matter how they starved, tortured, threatened or mocked him, they couldn’t have his mind. In his mind he was free.

      Of all the people’s voices I’ve heard in my head over the years, this is one of those statements that reminds me anything is possible if you have faith and hope.

      Look for the things in life that fear can’t touch. They will create confidence and faith for the future, whatever you face. And they will give you a sense of why being you is awesome.

      Of all the billions of people on this planet, no one will have an answer identical to yours!

      7. Process Your Fears to Carry on with Life

      Being brave is not about sticking your chest out and smiling regardless of what hell you endure. It is about finding a way to emotionally process your fears to be able to keep going.

      I have a tool kit of things I can rely on – tools, strategies, techniques. They include people to hug or talk to, music. hobbies, walks on the beach and even my favourite food. It sounds mad but at the times where I have questioned “how will I get through this?” I’ve found immense joy in doing the most unlikely of thing that makes me smile.

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      It may be a short lived moment of happiness. However, it reminded that nothing stays the same and I can find away.

      One client told me that it was crazy when it felt like their world was falling around their ears to run a bath to the brim (you don’t waste water) get the best bath oils, light too many candles, lock the door and drink a glass of bubbly (champagne is only for special occasions.)

      Did that moment fix the disaster that my clients life felt? No, however it gave them a moment of calm and the brain is far quicker to find solutions, resolve and motivation to keep going when you do that.

      It may feel like madness to do something you love, however it can be a powerful way to help you find solutions to the fears you face in life.

      8. Assume the Worse

      If you read the statement from the client above. Notice how they assumed it was wrong to fill the bath up to the top? How bubbly is only for special occasions?

      Think how naughty they felt to be doing something that was not allowed?

      • Think about what age it may have made them feel?
      • Think about how they feel about champagne?
      • What special moments it’s been a part of in their lives?

      And you can see how the assumptions they made about their “right” to have these things was not healthy.

      When I drag the assumptions out of people’s words for them to see, they are often struck by how negative the words make them feel.

      Don’t assume your words aren’t impacting on you. You can go through fear and actually enjoy the ride when you take the time to understand how you are letting words get to you.

      9. Take a Fear That Feels Insurmountable Right Now.

      If you were to repeat it to me out loud, what would you say?

      Would you have blame on yourself in there? Would you assume others can do it and it’s just you? Would you feel small, unsuccessful, useless, unworthy?

      Usually, when you do this exercise, you are able to spot the untruths that run wild in your head convincing you that you are doomed. And rarely when we are faced with our assumptions is there is a lot of evidence to them.

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      10. You Are Not Defined by Your Fear

      One fear does not define your life – be mindful of that. It is likely to lead you to thinking of all the times you’ve succeeded and bring a moment of calm, confidence and faith back to you.

      11. Go with Fear

      When you learn to go with fear, you could find yourself actually having fun, no seriously – having fun.

      I have a few amazing clients I’m working with right now who would describe themselves as life long worriers, or pessimists. In the past that has served them well, enabling them to keep safe, steer clear of risks and even develop strategies in the event of disasters. However, now they find it’s becoming hard to break the cycle and they really want to because it’s holding them back.

      Notice how they’ve found their hidden fears and want to face them?

      One client said “I knew this was going to be tough, and I knew I couldn’t fight it alone and I knew you would be the one to help me.” Before I sat an incredibly successful, confident, capable business owner with a family and a social life to die for.

      However, I’ve learned that the most successful looking lives can hide things that impact on life, success, love, happiness and business.

      We didn’t start with the fear that they felt was holding them back, we broke the fear down, and found lots of little obstacles that had been deemed as “life” and “unchangeable” and “that’s just the way it is” by developing awareness to the little steps on the road to their obstacles to happiness and success they were able to tackle them in a different way.

      12. Discover Great Skills in Your Scary Moments

      And in that clients words “I came here to work with you to grow my company, and my own personal skills. I didn’t expect to get the children to be cleaning up after themselves and my partner being more attentive! It all feels a little magic.”

      The moral is that out of the scariest of moments, we can find great skills we didn’t know we had. Find better, healthier, happier ways to live and find ways to enjoy life more. (And have a bit of magic!)

      What a great place to be in ready for the next fear that thinks it’s going to get in the way of you, right?

      13. Own Your Fear

      Think back over these tips and come up with at least one example for each one. Write them down. Put them on your phone. Turn them into a piece of art. Turn them into a poem. Frame them. Go for a fast walk across the fields, beach, down town and repeat these things in your head to the sound of your feet on the ground.

      We rarely take the time to appreciate how far we have come, how much we can achieve or what we are capable of – by really owning the tips in this article you will have given your brain a big fat dose of “Damn right I can do this!” and the motivation and accountability to say “Let’s find a way” through any fear.

      You can’t help but feel good when you see that can you? And fear doesn’t stand a chance, does it?

      More Resources About Fighting Fear

      Featured photo credit: Ben White via unsplash.com

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