Advertising
Advertising

Four Real Ways Money Can Buy Happiness

Four Real Ways Money Can Buy Happiness

We’ve all heard that money can’t buy happiness. The material things of the world can bring temporary feelings of excitement and joy, but if you don’t possess an internal attitude geared towards being happy, those feelings won’t last. Perhaps happiness itself is a personal decision that can generally be upheld regardless of external influence. But in my experience, money can definitely affect how you feel in the moment and over the long term. And while money is often seen as an enemy to happiness, here are four real ways money can make you happier.

1. You Can Give Money To Others

One of the best things you can do with money is give it away. Yes, it’s counterintuitive, but giving away money might actually bring more happiness than earning the money in the first place. You’ll have to decide for yourself what level of giving you want to participate in, but it could be as simple as paying for a friend’s lunch. Even little acts of service and kindness will go a long way towards building your personal happiness.

Advertising

Another benefit of giving money is the creation of a healthier attitude towards money in general. You can cultivate a habit of giving and an understanding that more money will come. Indeed, many books and thinkers speaking about the idea of the law of attraction[1] claim that giving away money will help you make more money since you are constantly projecting a feeling of abundance and wealth. An attitude of abundance and giving can prevent selfishness and the negative feelings that come with it.

2. You Can Provide For Your Basic Needs

There is a difference between buying a steak and buying a can of beans, just like there is a difference between buying a Ferrari and buying a beat-up Honda Civic. While luxury purchases might bring incremental happiness, your quality of life and happiness levels could fluctuate quite a bit in between the stages of welfare and buying your own food.

Advertising

There is something very empowering about providing for your own basic needs. Think of the transition between high school and college or adult life. For most people, they have the opportunity to spread their wings and leave the nest. Where parents once provided food and shelter, now the individual must fend for themselves. And while it can be frightening and stressful at times, there is a real feeling of accomplishment when you find your first apartment or buy your first car. These need not be extravagant, but taking care of your own basic needs cultivates confidence and self-worth. No one likes to feel like they can’t take care of themselves, and money can help you to avoid that feeling.

3. You Can Get Yourself Out of Debt

One of the most personally damaging things that can happen in a person’s life is getting stuck in debt. Credit cards, new cars, vacations, medical bills, unexpected life events, unemployment, shopping addictions, and more can all lead to crippling debt. And once you’re in debt, the interest starts to accumulate, leaving you in a terrible cycle that can be extremely difficult to stop.

Advertising

While the misuse of money can get you into debt, the opposite is also true. Using money wisely can free you from debt and help you to create a brighter financial future. Make it your year to get debt-free by using these tips for paying off debt in 2017. While it may be a long road to get out of debt, you can help maintain motivation by thinking what your life will be like when you don’t owe anyone anything and you have complete control over your own finances.

4. You Can Do Something Personally Meaningful

Finally, consider ways you can use money to do something very personally meaningful in your life. Think of a big goal that brings you joy and a feeling of fulfillment. For instance, how would you feel to be able to help pay for your kids to get through college? How would you feel to be able to start your own non-profit organization?[2] What would it be like to create your own business or to make your next anniversary extra special?

Advertising

Money has the power to help you achieve goals that can bring more meaning to your life. Try and switch your mindset from a materialistic attitude to an attitude of finding meaning through money. This will help the next time you are tempted with an impulse buy at the mall. When you keep your larger life goals in mind, it will become easier to avoid quick purchases that might actually diminish your happiness in the long run.

The next time you hear someone say that money can’t buy happiness, think of some of these ideas. When you have a healthy view of money focused on giving to others, providing for your own needs, staying free from debt, and achieving personally meaningful goals, you might find that money can in fact improve your happiness and increase your quality of life.

Reference

[1] The Law of Attraction: Discover How to Improve Your Life
[2] Grant Space: Starting a nonprofit

More by this author

Spencer Mecham

Marketing Manager

gain respect 5 Hacks for Gaining More Respect Three Ways to Prevent Ingrown Hair Four Real Ways Money Can Buy Happiness 3 Reasons Why Life Insurance Past 65 Is Still An Option landing pages 4 Great Website Landing Pages and Why

Trending in Money

1 5 Books You Must Read if You Want to Be a Millionaire in Your 20’s 2 50 Businesses You Can Start In Your Spare Time 3 The Average Retirement Savings and How to Save Wisely 4 7 Sell Your Stuff Apps That Will Get You Some Extra Cash in Hand 5 How to Invest for Retirement (The Smart and Stress-Free Way)

Read Next

Advertising
Advertising
Advertising

Last Updated on June 25, 2019

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

Millionaires and billionaires read more than you think. In fact, the likes of Warren Buffet are said to read 1.000 pages a day. As the old saying goes “There’s no smoke without fire”; so, start off with these 5 incredible books!

1. The 48 Laws of Power

48-laws-of-power

    “If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

    On your journey to becoming a millionaire in your 20’s, there will be many people trying to manipulate you into doing what they want. This international bestseller by Robert Greene is the widely read by those in the entertainment industry because of its dog-eat-dog environment. This book is a must-read for anybody who wants to claim power and keep it. it’s a fun read that tells the story of some of the most powerful people in history.

    Advertising

    An example of a law of power is: Always say less than necessary.

    • When trying to impress, the more you say the more common you look and less in control.
    • Be vague.
    • Powerful people impress and intimidate by saying less.

    2. Influence: The Psychology of Persuasion

    influence-the-psychology-of-persuasion

      “Often we don’t realize that our attitude toward something has been influenced by the number of times we have been exposed to it in the past.”

      This book explains the core strategies people use to influence others using real world examples. Robert Cialdini’s book goes over human quirks like the need to be consistent, and how you can use that in your marketing strategy to make more money. “People’s ability to understand the factors that affect their behaviour is surprisingly poor,” Cialdini says, “which leads to people making poor decisions without realising why.”

      Advertising

      Cialdini includes real world examples of why people join cults, buy certain jewellery, or give to charity.

      3. Blue Ocean Strategy

      blue-ocean-strategy

        “Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Value innovation places equal emphasis on value.”

        This book argues that leading companies don’t succeed by battling competitors in “Red Oceans”, but by creating “Blue Oceans” where they have uncontested market space to grow. It goes over case studies like “Cirque Du Soleil” who created a blue ocean by creating a circus platform that didn’t include animals or more than one act on at once but instead, decided to focus on talented performers and music who created a mystical storyline.

        Advertising

        4. The Fountainhead

        the-fountainhead

          “A man’s spirit is himself. That entity which is his consciousness. To think, to feel, to judge, to act are functions of the ego.”

          The Fountainhead takes place in the United States, mostly in New York City, during the 1920s and 1930s. Billionaire Mark Cuban named his yacht “Fountainhead” after this book. This classic novel is about the struggles of an innovative architect named Howard Roark and his effort to achieve success on his own terms. Many entrepreneurs are inspired by this book because it depicts how you should be uncompromising when it comes to your vision and your goals. If you follow this way of life, you develop the ability to change the world and creating something unique.

          5. The Compound Effect

          Advertising

          the-compound-effect

            “Do you know how the casinos make so much money in Vegas? Because they track every table, every winner, every hour. Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.”

            This book is by Darren Hardy the CEO of Success Magazine, he goes over how it’s the small, seemingly insignificant choices that compound to create success or failure over time. No one has a plan to be broke and fat but that’s what happens when you don’t have a plan and go along the path of least resistance. Hardy argues that you cannot improve something until you measure it and to always take 100 percent responsibility for everything that happens to you.

            So, those are five books you must read if you want to give it a try to become a millionaire in your 20’s. What are the best books you have ever read? Leave a comment and share these life-changing books with your friends to help them become successful like you.

            Featured photo credit: Bill Gates Foundation via businessinsider.com

            Read Next