Money Buys You Happiness?
Money gives you options, and options can make you happier. I say this with love..... DO NOT believe otherwise. Not having enough money is associated with challenges and difficulties. There are studies on this and I know from personal experience. I went from being broke, anxious, depressed, confused about life to over $7M assets, happier, less anxious and full of purpose. You eat better aka don't think twice about regenerative organic foods, you can hire a chef, you have more time freedom to spend with family/friends/yourself, more choices to do whatever you want when you want, you can travel more, create more experiences, buy more things, try new things, give to others, pursue passions, learn new things, read more, connect more, invest more, donate to charity, volunteer more, give to future generations in your bloodline, impact lives, create stability, access to the best schools, access to the best doctors and specialists, etc. which ALL of these tends to lead to happiness and fulfillment. Let's start with STIGMAS like: "You Shouldn't Want More Than You Need" "Money doesn't grow on trees" "Wealth Leads to Unhappiness" "Money is the root of all evil" ALL of those are untrue & I'll get to that in a future post. I'll share The $75,000 Threshold the Kahneman and Deaton Study in 2010. In a study led by psychologists Daniel Kahneman and Angus Deaton, they found that emotional well-being (how happy or stressed you feel day-to-day) increases with income, but only up to about $75,000 per year (in the U.S.). BTW that's $108,000/yr in today's inflated standards. Beyond that, additional income had little to no effect on day-to-day happiness. HOWEVER, LIFE satisfaction (a broader measure of overall contentment) continued to increase with income beyond this threshold. This means this study reveals that while additional income may not dramatically change how people feel on a day-to-day basis, it can still improve how people feel about their lives overall. People with higher incomes might feel that they have more control over their lives, better access to opportunities, and the ability to afford a higher standard of living, all of which can improve their long-term sense of life satisfaction.