Advertising
Advertising

Why Money Can Buy Happiness

Why Money Can Buy Happiness

Ah, happiness – an ideal many of us chase, hoping for contentment, bliss, and joy along the way.

While it may not be lasting, studies suggest that money can actually help you buy happiness. Forbes reports that University of Michigan economists Betsey Stevenson and Justin Wolfers convincingly demonstrated that the affluent are more content with their lives than the poor; in a paradigm-shifting study, they also showed that rich countries house happier citizens than poor countries. But why is that?

Advertising

Having money allows you to do what you want to do.

Their findings are not much of a shock, if we pause to muse. Money is a tool, and we use it to purchase high-quality food, fresh water, medical and dental care, and access to gyms or fitness classes that help keep us physically healthy. It takes funds to buy books, magazine subscriptions, adventure trips, or membership in hobby clubs to keep us intellectually stimulated. Dollar bills pay for the gas, air fare, and admission fees required to see those sites our souls thirst for, such as art museums or religious locations overseas, and allow us to donate to causes we believe in.

Having money can lead to increased confidence.

Money can create emotions that lead to positive circumstances. A new outfit, for example, is commonly considered to boost confidence. Increased confidence can land you that job, date, contract or simply add some hip-loosening swagger to your step. Money can buy fresh experiences and the equipment required to pursue hobbies, over time allowing you to cultivate a better sense of self and a creatively well-balanced being. For those who crave a sense of security, there is peace in knowing that enough money is saved in a bank account to cover a car that breaks down, a medical emergency with a child, or another unforeseen circumstance that can be smoothly and easily handled with appropriate funds.

Advertising

Financial security may also secure your marriage.

Money worries literally kill unions, as Jeffrey Dew presents in a 2009 work on the various correlations between financial problems and divorce. Loneliness or lack of a partner is a keenly felt source of sadness for many, and it stands to reason that a fulfilling, supportive partnership would be a source of happiness. An outlay of funds may also help hire nannies, cleaners, property maintenance crews, and other support staff to help a home run smoothly, easily, and with less stress on the couple in the marriage, perhaps in turn improving the chance of success in their partnership.

Money can buy happiness up to a certain point.

Buying happiness may not be quite that simple, however. Princeton University expert Angus Deaton’s work with Daniel Kahneman found that while the rich report feeling more positively about their lives, there is no direct correlation between wealth and a satisfied daily emotional state. Furthermore, they found that health, care giving, loneliness, and smoking were more prominent indicators for daily emotions. In conclusion, they argue that income can buy satisfaction but not happiness, though lack of income has a negative effect on both.

Advertising

How much money does it take to reduce stress and potentially allow for greater satisfaction or happiness? Enough to take care of needs, but not more than $75,000 in the United States, argue Deaton and Kahneman. After that threshold, subjects reported no greater increase in happiness or satisfaction than they experienced at that point.

Is money earned more satisfying than money inherited? Is it possible to quantify whether expensive tastes negatively impact happiness? The relationship between money and happiness is a complex one, but it seems that dollars can buy delight. For those who can afford it, at least.

Advertising

Wondering if anything presented here applies to you? Check out these 50 Money Quotes by Famous People that Can Change your Attitude Toward Money.

Featured photo credit: M.C. Chavez via flickr.com

More by this author

20 Art Therapy Activities You Can Try At Home To Destress 11 Things Highly Charismatic People Do Differently 20 Things to Tell Yourself When You Are Facing Adversities 30 Life Lessons From Chinese Billionaire Jack Ma These 8 Tips Will Help You a Lot When Meeting Your Partner’s Parents for the First Time

Trending in Money

1 25 Killer Sites For Free Online Education 2 How to Develop a Millionaire Mindset in 6 Simple Steps 3 5 Books You Must Read if You Want to Be a Millionaire in Your 20’s 4 20 Better Money Habits to Help You Increase Your Savings 5 50 Businesses You Can Start In Your Spare Time

Read Next

Advertising
Advertising
Advertising

Last Updated on July 4, 2019

25 Killer Sites For Free Online Education

25 Killer Sites For Free Online Education

Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

1. Coursera

Untitled copy

    Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

    Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

    Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

    2. Khan Academy

    Untitled 2 copy

      Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

      Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

      3. Open Culture Online Courses

      Untitled111 copy

        If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

        Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

        4. Udemy 

        Untitled 4 copy

          Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

          Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

          Advertising

          5. Academic Earth

          Untitled 5 copy

            Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

            Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

            6. edX

            Untitled 6 copy

              Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

              7. Alison

              Untitled 7 copy

                Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                8. iTunesU Free Courses

                Untitled 8 copy

                  A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                  Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                  Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                  ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                  9. Stanford Online

                  Untitled 9 copy

                    Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

                    Advertising

                    Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                    10. Harvard Extension

                    Untitled 10 copy

                      Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                      Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                      11. Open Yale Courses

                      Untitled 11 copy

                        Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                        12. UC Berkeley Class Central

                        Untitled 12 copy

                          Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                          13. MIT OpenCourseWare

                          Untitled 13 copy

                            Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                            14. Carnegie Mellon Open Learning Initiative

                            Untitled 14 copy

                              Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                              15. Codecademy

                              Untitled 15 copy

                                Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

                                Advertising

                                16. Code

                                Untitled 16 copy

                                  Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                  In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                  Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                  17. University of London Podcasts

                                  Untitled 17 copy

                                    The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                    18. University of Oxford Podcasts

                                    Untitled 18 copy

                                      Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                      The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                      19. BBC Podcasts

                                      Untitled 19 copy

                                        For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                        Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                        20. TED-Ed

                                        Untitled 20 copy

                                          Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                          Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

                                          Advertising

                                          21. LessonPaths

                                          Untitled 21 copy

                                            LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                            22. Memrise

                                            Untitled 22 copy

                                              Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                              Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                              23. National Geographic Kids

                                              Untitled 23 copy

                                                The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                24. Fun Brain

                                                Untitled 24 copy

                                                  Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                  Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                  25. Whyville

                                                  Untitled 25 copy 2

                                                    Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                    Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

                                                    More About Online Learning

                                                    Featured photo credit: Dai KE via unsplash.com

                                                    Read Next