“Money is not going to make you happy, but an absence of money can buy you whole lot of miseries.” -Jordan Belfort
Money can’t make you happy, but sometimes money is a good source of momentum happiness. That’s why money can buy you happiness sometimes.
Most people have really bad approach to money. It’s just paper, albeit very needy paper! However, money is paper for survival, not a thing to die for. We have to find what makes us happy and persist in it; money will come anyways, even if the thing that makes us happy is selling colorful balloons.Advertising
Without money we are savages. We will have to go in the jungle and hunt for food, just like the old times. What this world is making us do is forcing us to work, to make money, to pay bills, to have home, and to have food for us and for our family. Without the three basic needs–food, water, and shelter–we are unable to survive as human beings.
Without hydration, a safe place, and a full stomach there will never be happiness, and that’s why money can buy us happiness.
1. Food and water
Breaking down to the smallest things that are inevitable for survival, we jump to the sources of vitamins, minerals, proteins, fats, water, and carbohydrates.Advertising
We have lot of choices of how to digest the basic nutrients our bodies need. More paper (cash) is going to give you the freedom to buy healthier products. We have junk food ($10-25 per day) and the healthy meals ($35-65 per day) depending on the costs of the products per country.
The body functions properly and more energeticly when we inject healthy products, but those healthy products cost more. By the fact that we are energetic and we have the proper satisfaction of the basic nutrients, we are instantly happier.
Since I personally started to spend more money on food and invest in my health, I am a new and happier man. The body needs more care because we have so many things to get sick from. Our bodies cannot fight against bacteria unless we invest in the battle. Money can buy healthy food and water, which brings happiness.Advertising
Some people’s luxury is being able to rest for a day, and some people’s luxury is having one day to go hiking and inhaling the clean air, but people who enjoy living “the good life” will need an excessive number of the expensive paper.
In fact, if you enjoy in the luxury that money can buy, you will never get enough of it. Luxury has so many ways to satisfy a person, that if one enjoys in luxury, one won’t be able to experience all of it. It’s like an endless fight for satisfaction. But to be able to have that satisfaction, we must have excessive abundance of money, which is hard to come by these days.
Money can buy you happiness if you’re the type that gets satisfied from the material things such as yachts, big houses/apartments, golf clubs, Bentleys and Rolls Royce, Hublots, Champagnes (Dom Perignon), caviar and Grey Goose…the list can go for ages.Advertising
3. The choice
I’ve came to a conclusion that money being able to buy happiness is a matter of choice. Some people believe that everything comes from money (love, power, respect, freedom of choice, fun). Others believe that money is a thing for survival and nothing more. The happiness that they strive for comes from the things that can’t be bought with money (love, the small things, the authentic friends, somone to rely on).
It’s a choice that we have to make, whether we go for the money and get all the satisfaction for the things that can be bought from money, or believe that happiness is a choice, and that choice has nothing to do with money.
There is a quote from Albert Einstein that impacts my thoughts on this subject: “If you want to live a happy life, tie it to a goal, not to people or things.” But as I said, everyone is different and the choice you have to make is yours.
Featured photo credit: Dollars An American $100 dollar bill/401(K) 2012 via flickr.com
Published on September 17, 2018
How Being Smart With Your Money Leads to Financial Success
Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.
With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.
So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.
1. Avoid being “penny wise but pound foolish”
It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.
You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.
So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.
2. When you want something big, wait
Impulsivity can get you in trouble in most aspects of life. Finances are no different.
It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.
We get an idea in our head of something we want, and it’s hard not to go out and get it right then.
A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.
So, you get the itch.
You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.
Here’s where you have to take a step back.
Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.
Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.
It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.
The impulse faded. And you just saved yourself a ton of money.
3. Live smaller than you can afford
You finally get that big raise. And you want to celebrate – and why not?
You’ve been looking forward to this forever. And after all, it was all due to your hard work.
That’s fine, splurge a little. However, make it a one-time deal and be done.
Don’t get caught in the trap that just because you’re now making more money, you should spend more.
Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.
The fact is that living smaller than what you can afford is one of the fastest ways to build savings.
But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.
4. Practice smart grocery shopping
Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.
But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.
Create a grocery budget
Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.
Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.
I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.
Make a list… and never deviate
Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.
You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.
These impulse decisions will lead to overspending, which will derail your grocery budget.
Eat before going grocery shopping
It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.
If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.
After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.
Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.
However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.
This makes it much easier to stick to your grocery plan.
5. Cancel your gym membership
Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.
The average gym membership costs around $60 per month. That’s $720 a year.
Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!
I recommend seeking an alternative. One good alternative is to look into fitness streaming services.
Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.
Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.
For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.
Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.
There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.
It’s baby steps… And baby steps can start now!
I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.
Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.
The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.
Featured photo credit: Unsplash via unsplash.com