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Last Updated on September 18, 2019

If Money Can’t Buy Happiness, What Can?

If Money Can’t Buy Happiness, What Can?

Think of the last time your bought something you really wanted. How did you feel afterwards? It felt good.

    Now, is there something else you really want? Maybe a new laptop, smartphone, or some nice clothes. Buying that thing, whatever it is, will bring you happiness. When you finally have it, you will be excited to try it out.

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          As cliche as it says “money can’t buy happiness,” we feel happy when we buy the things we want. Why is that?

          The Real Reason Why You Are Happy When You Buy Stuff

          Human beings are hardwired to seek instant gratification. You’ve probably heard the phrase instant gratification hundreds of times. To get that thing we want, the moment we want it. This desire for instant gratification came to us as a survival mechanism. I’m not going to talk about instant gratification in details here, if you want to find out more about it, take a look at 5 Ways to Get Over Approval Addiction and Instant Gratification.

          While instant gratification is in human’s nature, we live in a society driven by delayed gratification. Delayed gratification is the desire for something but the inability to get it when you want. In our society, you have to wait for your pay day, your meal at a restaurant, your coffee at Starbucks. When the thing you want finally arrives, you get excited.

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            Your excitement for this thing, the delayed gratification often elicits stronger emotional responses in you than when you get it. This feeling comes from dopamine a chemical that influences the pleasure centers in our brains.[1] When you become excited for something, you are actually enjoying a release of dopamine into our system. The thing you are actually excited for is almost secondary to it.

            Think about it, how did you feel a couple hours after buying something you waited a long time for? It was probably not nearly as good as when you first got it, or when you’re waiting to get it. It’s natural, it’s a part of human nature.

              In this way the happiness you feel isn’t true happiness. In fact, biologically speaking, you’re just enjoying a blast of dopamine. When this blast of dopamine is gone, you want something new again, which is secretly, more dopamine. This is what that old saying “money can’t buy you happiness” really means.

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              There is, however, a way in which money can buy you happiness. It’s just not in a way you think.

              An Alternative to Buying Happiness

              Recently Proceedings of the National Academy of Sciences of the USA conducted a study where two groups of people were given $40 each.[2] One group was told to spend it in buying a possession, an object, something they wanted. The other group was told to spend it in ways that would enable them to have more free time, for example, having food delivered to save them from cooking, or hiring a cleaner, instead of cleaning their house themselves. When each participant in the study were to measure their happiness to a 10 point scale, those who spent their money on more free time were almost always one whole point ahead of those who spent their money on stuff.

              In a sense, they were happier because they brought themselves out of doing something they didn’t want to do. Just buying more stuff, in the long run didn’t have much of an affect on their happiness, when those who spent money on time found an increase in life satisfaction.

              It was the free time that made people happy.

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                It was the quality time that contributed more to their happiness, the money was just a tool they used to get more time. But the money ultimately is unnecessary. All that is required is a re-adjustment of how you measure time.

                Everyone has 24 hours a day. The life expectancy for females is 81.2 years; for males, it’s 76.4 years. Most people have more or less the same time of living. To make every hour, or minute count is the way to create your own happy time. If you are always feeling busy and don’t think you have enough quality time for yourself, you need to make a change to turn things around.

                To be truly happy, make quality time a true value in your life. Find out how to do so in my other article How to Gain More Time Like Making Money.

                More About Happiness

                Featured photo credit: Priscilla Du Preez via unsplash.com

                Reference

                More by this author

                Leon Ho

                Founder & CEO of Lifehack

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                Last Updated on October 14, 2019

                12 Inspirational Speeches That Teach You the Most Valuable Life Lessons

                12 Inspirational Speeches That Teach You the Most Valuable Life Lessons

                The most valuable thing an experienced person has is their experience. People make mistakes, learn from them, and adapt their life around them to become better people. Those people would then tell tales to others to help teach those lessons so that others would not have to make the same mistakes.

                People still tell these stories today but in a slightly different format — they use speeches to express their experiences. Here are some valuable life lessons you can learn from some of the greatest inspirational speeches:

                1. JK Rowling teaches us to not fear failure no matter how bad things become

                It is a well-known fact that JK Rowling’s now-famous Harry Potter series was turned down by several publishers before it was finally picked up. Those publishers are likely kicking themselves in the pants right now. However, before that, JK Rowling was in a fairly dire situation and was on the brink of failure. Despite being turned down time and time again, she kept trying. Her efforts paid off. Harry Potter is now a ubiquitous character in today’s world culture. Despite failing over and over again, Rowling kept trying and fulfilled her dreams. You can watch her deliver some valuable life lessons in her Harvard commencement speech video above.

                2. Steve Jobs teaches us to never settle

                Steve Jobs had a fairly tumultuous life. He co-founded Apple, was kicked out of the company, came back, and then re-defined the mobile phone space with the iPhone. Even if iPhones aren’t the rage they once were, its iconic value is forever written in stone. One thing Jobs never did was settle. He lived life on his own terms and was rewarded for it by being dubbed one of the most revolutionary voices in technology of our time. In the Stanford commencement speech above, Jobs explains how you should never settle for what someone else wants out of your life. It’s your life and you should do what you want with it.

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                3. Admiral William H McRaven teaches us to make our beds every day

                Anyone who has gone through the basic training of a military service will tell you it’s pretty difficult. However, every seemingly obnoxious step is actually a life lesson in disguise. This even applies to flawlessly making one’s bed every single morning. As Admiral William H McRaven teaches us, recruits are taught to make their beds every morning to remind them that even the little things in life matter. After all, how can you be expected to handle the biggest obstacles in your life if you can’t even handle the small and the mundane like making your bed every day? You can watch the entire speech in the video above.

                4. Author David Foster Wallace teaches us that we’re a part of a greater existence

                David Foster Wallace found fame in 1987 with his book The Broom of the System. Nearly 20 years later in 2005 he game a commencement speech at Kenyon College that is worth listening to at least once. In his speech, he reminds us that was are but a part of a huge, dynamic, ever changing interaction of life forms. In order to truly experience life, we need to leave our personal bubbles and interact with others even if it’s in an unpleasant way. Wallace states, “It will actually be within your power to experience a crowded, hot, slow, consumer-hell type situation as not only meaningful, but sacred, on fire with the same force that made the stars: love, fellowship, the mystical oneness of all things deep down.” You can watch the whole speech above.

                5. Stephen Colbert teaches us that life isn’t something you can plan

                If there is anyone who knows about improvisation, it’s comedian Stephen Colbert. In his commencement speech at Northwestern University in 2011, Colbert reminded students that you cannot plan life. Life throws too many curve balls. There are too many unpredictable things that can happen. The most successful and happy people are not those who have a plan, but those who can roll with the punches and overcome the obstacles. He goes on to site his time as an improv comic and how all of the actors working together to create a scene out of literally nothing are all working for one another. He states that like improv comedy, you don’t know what happens next in life. You just make it up as you go along. You can watch the whole speech above.

                6. Kurt Vonnegut teaches us to not sweat the small stuff

                Some of our younger readers may not know Kurt Vonnegut. He is a famous author that found of of his success during the middle of last century. In 1999, Kurt Vonnegut was at Agnes Scott College giving a commencement speech. During the speech, he mentioned that in order to live a more complete life, people needed to let stuff go. He argued that you cannot reasonably expect others to forgive you for your mistakes if you cannot forgive others and that you cannot live life fostering a personal vendetta against others.

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                7. Neil Gaiman teaches us that success can be distracting.

                Neil Gaiman is most known for his work in a number of literary mediums including journalism, comic books, and novels. In 2012, Gaiman gave a speech at the University of the Arts where he talked about success. He stated that when you become successful, you may be unintentionally swayed from performing the actions that made you successful. Gaiman recalled his early success and how he felt pressured to answer emails all day long and it actually prevented him from writing as much as he wanted. So he reminds us to keep doing what makes us successful and to not let others get in the way.

                8. Barack Obama’s life lessons teaches us that you really can beat the odds

                We know that not everyone likes Barack Obama but that doesn’t mean the man can’t deliver an amazing speech. In this 2004 keynote speech at the Democratic National Convenction, Obama reminds that it is possible to beat the odds and become something great. He cites his own upbringing as an example and how he was never expected to make it as far as he did. It shows that when you’re passionate about something and when you try hard enough, you can accomplish almost anything. It’s important to note that Obama talks about this in 2004 and would become the President of the United States just four years later.

                9. Robin Roberts reminds us that we each have the courage to overcome challenges

                Robin Roberts knows a thing or two about courage. She is a breast cancer survivor and has done battle with a rare blood disease called myelodysplastic syndrome. Her sister once had to donate bone marrow just so Robin could remain alive. She was also ESPN’s first African American broadcaster in the early 1990’s. She’s a woman who works in an industry predominately populated by men. So when Robin Roberts takes the stage at the ESPYs and delivers a short lecture on having courage, we would do well to listen!

                10. Martin Luther King Jr. reminds us that some things are more important than success

                We all know the story of Martin Luther King Jr. So much so that we have a day of the year to celebrate him as a national holiday here in the United States. Most of us have listening to segments of his famous speech where he told the world about a dream he had. The main message of his famous speech is that racial inequalities needed to end and he was absolutely right. However, he also reminds us that there are things that are more important than success such as equal rights and treating each other with respect and kindness. If you somehow made it through school without watching the famous speech, we’ve got it linked above.

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                11. Jim Carrey reminds us that even if you keep it safe, you can still fail so you might as well go big

                Jim Carrey delivered a commencement speech at Maharishi University recently that went absolutely viral. You may know it as the one minute video that will change your life. They weren’t lying but they weren’t telling the whole truth because the speech was actually 28 minutes long. During the speech, Carrey talks about his father who wanted to be a comedian but decided to take the safe route and become an accountant. As it turns out, his father was laid off and his family ended up poor anyway. With that, Carrey tells us that you can still end up failing even if you play it safe so you might as well swing for the fences and do what you want to do.

                12. Bill Murray teaches us that it’s the hard times that determine if someone really loves you

                You may have heard the story about Bill Murray crashing someone’s bachelor party and delivering a speech. It turns out the speech was both short and fairly epic. During the speech, Bill Murray challenged the bachelors to travel around the world with the women they love and go to places that are difficult to go to and deal with. He says if you can get back to the United States and you still love each other, then you should get married right then and there. It’s a great message. It’s easy to love one another when times are good but do you still love each other when the times are bad? If so, that’s true love according to Bill Murray.

                Final thoughts

                Inspiration comes from everywhere and from anyone. There are a countless number of speeches and stories that can teach us an incalculable number of life lessons.

                All these speeches almost share the same message: Don’t be afraid to fail and keep trying.

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                If you also want to live your best life like the above successful people, this is what you should start doing:

                You’ll Only Live Your Best Life Once You Step Out

                At the end of the day, everything is inspirational. It’s just a matter of finding the message that we need to hear to change our lives.

                Featured photo credit: Miguel Henriques via unsplash.com

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