Money Can't Buy Happiness, But...
The phrase, "money can't buy happiness," used to merely be
accepted as an old adage or proverb. However, substantial
research has now been done over the years to shed a little more
light on this long standing saying.
Studies now clearly show that there is little difference between
the level of perceived happiness between richer and poorer
groups of people. In fact, around the World, poorer people in
poorer countries often have seem to have the edge in reporting a
greater sense of happiness. Naturally I'm not referring here to
people who are in a state of starvation or other dire
circumstances, but rather people who simply live a less hectic
and materialistic lifestyle than most of us in more
industrialized settings.
Numerous theories abound, but generally it's thought that poorer
people report greater happiness because they have less to worry
about and so it takes less to make them happy. With fewer
possessions and fewer options for entertainment family
activities and other relationships occupy a greater percentage
of time than might typically be observed among people who are
better off. Some studies surmise that because marriage and
family relationships bring some of the greatest feelings of
happiness that poorer people are happier because they spend more
time engaged in family activities and build stronger family
bonds. Of course, people don't have to live in a poor country.
The same findings have been reported among poorer people in
industrialized countries like the United States.
I won't cite actual references and statistics because the
studies are so numerous that you can easily find all of the
studies you want simply by entering the phrase, "money can't buy
happiness," into your favorite search engine.
That's not to say, though, that if you want to be happy you
should try to remain poor, or seek to be poor if you don't
happen to be. Speaking of which, while most of us have a concept
of what poor is, have you ever stopped to think that most people
don't really know what a true definition of, "rich," is?
Some people erroneously conclude that people with big homes and
nice cars are, "rich," though, in most cases, such items are
more likely to be greater indicators of debt than wealth. A big
home with a big mortgage or a nice car with large monthly
payments represents debt, not wealth.
Likewise, many people feel that anyone who makes a certain
amount of money is, "rich," especially if they happen to make
more than the "magic" threshold amount of $100,000 a year.
Wrong! Just ask anyone who makes $100,000 a year and they will
quickly confirm that most people who earn that much are not
rich.
In fact, because most people who earn more tend to spend more,
yearly earnings amounts can range quite high without a person
being truly, "rich."
So, what's a good definition of what it means to be rich? My
personal favorite is the one that Bill Cosby gave when asked by
his children on his popular TV show, "The Cosby Show," which
aired from 1984 to 1992. While discussing with them the topic of
what it means to be rich he said the difference is that, "people
who are not rich work for their money, whereas rich people's
money works for them." Not only is that about as good a
definition as you'll find, but it happens to be one that's
universally accepted as true.
Another well accepted definition of what it means to be rich is
that rich people work because they want to and not because they
have to, whereas people who are not rich work because they have
to.
Still think that money can't buy happiness? If it's true that
the happiest people of all have been found to be those who spend
the most time with their family, then is it possible that if you
are in the financial position to be able to work less that you
could spend more time with your family, thus making you, and
your family, happier?
Here is something else to think about: Did you know that the
majority of wealthy people are business owners? Over 70 percent
of all millionaires own their own business.
What's more, are you aware that even if you aren't rich you can
enjoy many of the same benefits simply by owning a successful
home based business?
It's already been established that spending time with our spouse
or family is what makes most people happiest. So, if your
current job or occupation is preventing you from spending time
with your family, or doing the other things in life that you
enjoy, due to mandatory long hours at work, mandatory travel,
etc., owning a home business can provide you with extra income,
which can in turn reduce the need for you to work as many hours
away from home (or, again, whatever in life it is that you
enjoy).
Also near the top of the list of things that equate to personal
happiness is good health. In fact, when people are asked if they
would rather have money or good health, most people answer that
they would rather have good health. After all, what good is
money if you don't have the good health to enjoy it?
Did you know that, for most people, income and money equate
directly to good health? Poor people, for instance, typically
cannot afford to feed their families properly to maintain
optimal natural health, or afford quality medical insurance to
maintain optimal medical health -- whether preventative care
such as routine checkups and dental visits, or care when
something goes wrong or treatment is needed.
Just one of the things that money buys is choice. People without
money are forced to buy what they can afford, whereas people
with money have the luxury and advantage of choice. People with
money can not only afford to buy the best medical insurance, but
they typically have more options and more choice when it comes
to medical care. People without money may have very restrictive
health care options, or may not even have insurance at all.
And, of course, good health also starts with what we eat. Have
you ever stopped to realize that junk food is by far cheaper and
more affordable than the quality food items that have been
proven to be best for our health?
Fresh fruits and vegetables, for instance, are far more
expensive than things like potato chips, snack foods, junk food,
and less healthy food items. Quality meats (with less fat) are
more expensive than cheaper cuts of meat. Organically grown
produce is more expensive than regular produce. and It's been
well proven that, typically, the higher the education and income
level that people have, the healthier they eat, the better
insurance they have, and the healthier they actually are. And,
healthier people are happier people. Still think that money
can't buy happiness?
Yet another item that ranks high on the list of what people
equate to happiness is safety. The opposite of safety is fear,
and fear is closely related to stress, which we'll talk about in
a minute. Are you driving a lesser car than you would like to
that doesn't make you feel quite as safe as you would like to
feel? Better built and maintained homes can be safer and more
comfortable than homes that are less so. If someone can't afford
to be in the kind of home and neighborhood they would like to be
in, they are likely to be less happy than if they were.
We've talked about some of the things that researchers have
universally found to be responsible for greater happiness, but
how about one of the greatest causes of unhappiness: stress?
Not only does stress make people unhappy, but it's also been
determined to be unhealthy. Stress can lead to health problems.
On the one hand the more money people have the more they have to
worry about. And, of course, some people are never satisfied.
The more money they make, the more things they have to buy, and
the more responsibilities and headaches they seemingly create
for themselves. But that certainly doesn't describe what
everyone does with money.
Not including people who are never satisfied and can never have
enough, more money can equate directly to less financial stress.
Less stress equates to a happier person.
Someone who doesn't have enough money to pay his or her bills,
or who is constantly living paycheck to paycheck is likely to be
more stressed than someone who has extra money in the bank.
And, of course, money can buy luxury, relaxation, and pampering,
all of which equate to less stress (more happiness), and even
better physical well being.
Celebrities and the well to do are often admired for looking
good for their age, younger than their age, etc. Plastic surgery
not withstanding, it's largely due to all of the perks mentioned
above. Celebrities typically lead pampered lives and often have
the best of everything. Better food, less stress, more
relaxation and pampering, fewer wrinkles :)
More often the people likely to be found saying that, "money
can't buy happiness," the most are people who either don't have
it, or never have. After all, how would they know? Wealthy
people also sometimes say that, "money can't buy happiness," but
they are also just as likely to follow that statement by telling
you that they would also, "rather be with it than without it."
How about you, do you still think that money can't buy
happiness? If so, maybe you better think again...
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