So Do You Still Doubt That Money = Happiness?

By: ispeculatornew
Date posted: 04.30.2013 (3:00 am) | Write a Comment  (2 Comments)

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Obviously, money is not the most important thing in my life and hopefully it’s not in yours either. I do spend a lot of time talking about here because that is kind of what this blog is about right? I’ve always had an issue with the saying that money can’t buy happiness. Yes, there is a lot more involved and being rich in itself is certainly not enough to live happily ever after. But does it help? Absolutely.

A new research paper is being discussed all over the place today, as it links money to life satisfaction (i.e. happiness). You can see the full paper here, but here is one very telling chart, from studies done in the top 25 countries in the world (in terms of population):

money

 

great-wall-china-wallpaperYes, in every single country, rich and poor, Asian or American, an increase in annual income does lead to better satisfaction. That is also why I put so much effort into ensuring that my retirement will be well funded an that I become financially independent as quickly as possible. I can think of travels I’ve done, live events, etc. Yes, a dinner in a good Chinese restaurant can be amazing. But is it the same thing as going to a Chinese restaurant after walking for a day on the Great Wall? Watching a hockey or football game on tv with friends is always a blast.. but going to see the real thing in person? Those memories always stick.

What are your

 

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2 Comments

  1. Comment by The Dividend Engineer — April 30, 2013 @ 6:39 am

    I don’t think that money buys happiness. However, more money will generally lead to having the basic needs more easily covered. When you don’t stress about being able to pay utility, rent and grocery bills, you can do more satisfying activities. Going to a nice Chinese restaurant, traveling, taking up new hobbies, etc. These activities will probably bring more happiness than stressing about paying bills. However, after a point, more money will just be that, more money. Personally, I think that moeny is a mean to an end, not the end itself.

  2. Comment by V — April 30, 2013 @ 1:11 pm

    The relationships you will create with others has nothing to do with money. And once you’re old enough to not enjoy trips ans adventures as much, what will be left are the relationships you built throughout your life. That being said, it surely helps having a blast and realizing the wildest dreams! One misconception though is that money doesn’t buy health. Of course not… but it’s so much easier to get the best doctors and treatments out there when you’ve got money to pay for them!

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