Advertising

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
Advertising

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.

Advertising

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.

    Advertising

    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.

    Advertising

    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.

      Advertising

      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.

      Advertising

      Featured photo credit: Getty Images via time.com

      More by this author

      Damian "Pros" Prosalendis

      Entrepreneur, Business Owner

      killer productivity lifehacks 9 Killer Productivity Lifehacks to Supercharge Your Success Rate starting your own business Why Starting An Online Business Online Is Easier Than You Think They Say Money Can’t Buy Happiness, It Can Buy Something More Important Though personal branding 8 Secrets People Good At Personal Branding Never Told You malcolm gladwell 39 Inspirational Quotes By Malcolm Gladwell That We Should Revisit Every Day

      Trending in Lifestyle

      1 How to Quit Drinking for a Healthier Body and Mind 2 How to Sleep Through the Night and Get Good Rest 3 Why You Keep Waking Up in the Middle of the Night (And How to Fix It) 4 Best Water to Drink (The Ultimate Guide to Drink for Better Health) 5 3 Steps to Get Rid of a Candida Overgrowth

      Read Next

      Advertising
      Advertising

      Last Updated on July 12, 2021

      100 Incredible Life Hacks That Make Life So Much Easier

      100 Incredible Life Hacks That Make Life So Much Easier
      Advertising

      Want to learn some quick and easy life hacks that are easy to do, low cost and saves you time?

      By tweaking little things in your daily life, it can make your life much more convenient!

      Here’re 100 of the most practical life hacks so you can just pick up any of them right away!

      83 tie a small piece of bright colored fabric

        84 write random letter

          85 use a rubberband

            86 dorm smell bad

              87 lean your phone on your sunglassess

                89 how to waterproof your shoes

                  90 take a picture of the name card

                    91 iron inside out

                      92 old newspaper

                        93 tumble try shoes

                          keep a card like this

                            SONY DSC

                              94 soap bar

                                95 make a hole

                                  96 drop the battery

                                    97 use a coozie

                                      98 when taking a picture

                                        use a clean dust pan

                                          try a pants hanger

                                            use your cellphone light

                                              use a spring from an old pen

                                                quick and easy iphone speaker

                                                  user binder clips

                                                    wrap a wet paper towel around your beverage

                                                      put pancake mix in a ketchup bottle

                                                        clean out an old lotion bottle for your beach

                                                          use a muffin tin to serve condiments at a bbq

                                                            doritos are great for kindling

                                                              use nail polish to identify different keys

                                                                use a hanging shoe rack to store cleaning supplies

                                                                  freeze grapes to chill white wine without

                                                                    use paper clips to organize your cables

                                                                      almost finished your jar of nutella

                                                                        sick of having a box full of tangled

                                                                          unroll the rim to increase the capacity

                                                                            cut open toilet paper rolls and use as a cuff

                                                                              remove the stem from strawberries

                                                                                turn an old bottle into a simple little cord holder

                                                                                  for iced coffee and iced cappuccino, use frozen coffee cubes

                                                                                    how to fold a fitted bed sheet

                                                                                      tired of snoozing past your alarm

                                                                                        place a rubber band around an open paint can to wipe your brush on

                                                                                          ut a wooden spoon across a boiling pot

                                                                                            use bread clips to save flip-flops

                                                                                              take pictures of friends holding items

                                                                                                how i always know which headphone is the left one

                                                                                                  put a stocking over the end of a vacuum

                                                                                                    How to make sure you drink enough water

                                                                                                      user a can opener to open blister

                                                                                                        good sandwich guide

                                                                                                          turn your muffin pans upside down

                                                                                                            50 pounds of groceries and living on the 5th floor

                                                                                                              the right way to make a blt

                                                                                                                add one teaspoon of baking soda

                                                                                                                  38

                                                                                                                    hair straighteners equals to collar irons

                                                                                                                      stack your clothes vertically to see them all

                                                                                                                        the right way to make cookies in the summer

                                                                                                                          how to clean a blender

                                                                                                                            the right way to eat a popsicle

                                                                                                                              use bread clips to label and organize power cords

                                                                                                                                to get the built up residue off of your shower head

                                                                                                                                  user a hair clip to orgainize long wires

                                                                                                                                    a frozen saturated sponge in a bag

                                                                                                                                      rub stuck zipper teeth with a graphite pencil

                                                                                                                                        use a soda pop tab

                                                                                                                                          50

                                                                                                                                            51 How to multiply large numbers in your head.

                                                                                                                                              52 How to open a bottle if you dont have a corkscrew.

                                                                                                                                                rub a walnut on damaged wooden furniture

                                                                                                                                                  kids fall out of bed

                                                                                                                                                    use toothpaste to clear up hazy car

                                                                                                                                                      58

                                                                                                                                                        59 keep pizza out while driving home

                                                                                                                                                          60 put your straw through the tab to keep it from rising

                                                                                                                                                            hold oreos with a fork so your fingers

                                                                                                                                                              Never lose your remotes again

                                                                                                                                                                hiding your emergency money

                                                                                                                                                                  use a bread tab to hold your spot on a roll

                                                                                                                                                                    if you are at a hotel and run out of chargers

                                                                                                                                                                      keep a square of cardboard in a ziplock bag

                                                                                                                                                                        If you need to pee or smoke at a bar

                                                                                                                                                                          drill holes in the bottom of your garbage

                                                                                                                                                                            use an accented letter as your passcode

                                                                                                                                                                              use a squeeze ketchup bottle top with your shopvac

                                                                                                                                                                                do something unusual when locking the door

                                                                                                                                                                                  when heating leftovers space out a circle in the middle

                                                                                                                                                                                    dont burn yourself in those hard to reach candles

                                                                                                                                                                                      put a small amount of water in a glass when you microwave your pizza

                                                                                                                                                                                        75 use a piece of paper to organize

                                                                                                                                                                                          use half a pool noodle

                                                                                                                                                                                            pencil case to store cables

                                                                                                                                                                                              78 clothespin to hold nail

                                                                                                                                                                                                79 make blts

                                                                                                                                                                                                  80 take a picture of your fridge

                                                                                                                                                                                                    81 fill plastic water bottles

                                                                                                                                                                                                      82 right ways to eat chips

                                                                                                                                                                                                        99 if your plug keeps failing

                                                                                                                                                                                                          100 put the banana on the wire

                                                                                                                                                                                                            88 before you throw away a post it

                                                                                                                                                                                                              Source: Reddit LifeProTips

                                                                                                                                                                                                              There you go, 100 awesome life hacks that you can try right now to make your life a lot easier!

                                                                                                                                                                                                              More Amazing Life Hacks for An Easier Life

                                                                                                                                                                                                              50 Top Parenting Tricks and Hacks That Will Make Life Easier And More Fun

                                                                                                                                                                                                              30 Brilliant Camping Hacks I Wish I Knew Earlier

                                                                                                                                                                                                              20 Popular Life Hacks From the Internet Debunked (or Verified)

                                                                                                                                                                                                              Read Next