While cash is meant to be a rational and practical tool designed to provide convenience, our cash appointments go much further. Most people have a wealth figure that will satisfy them and make them happy, but when they succeed in that figure, the purpose adjusts and becomes higher. No matter where other people are on the scale of wealth, they know that what they have is not enough and they continue to sacrifice much of their lives to accumulate more wealth.
But will this endless pursuit of wealth make us happier?We live by an ethical code that dictates that cash buys happiness, but is that true?Should we continue to accumulate more wealth in our pursuit of happiness?Here are some basic truths about cash and happiness.
What we know about and happiness:
There is a positive relationship between money and happiness, at all levels of wealth. At lower income levels, this ratio is significant. Poverty leads to unhappiness and other people who bear a monetary burden lead more stressful lives and are more depressed than others. Surveys show that other people with less money are more dissatisfied with their lives than the rich and spend more time feeling dissatisfied than other wealthy people.
But, contrary to what many think, the relationship between wealth and happiness does not peak at a safe point of source of income or net worth. As you move up the upper echelons of the wealth ladder, the positive relationship between wealth and happiness persists.
While cash is definitely linked to life satisfaction and happiness, there are two principles that link cash and happiness. How you generate your cash is one of the principles that dictate how much you will enjoy your wealth, and how you spend the cash is another. Whether you’re already financially successful or yearn to be rich someday, living by the two principles discussed below increases the chances that your wealth will translate into the happiness and life satisfaction you want.
What you earn brings greater happiness:
One critical thing that connects cash and happiness is whether you earned it through your talent and effort or whether you acquired it in some other way. This exists at all levels of income source, but is especially true for the top source of income. You’re unlikely to make a windfall, such as an inheritance, a quick inventory option, or winning the lottery, the happiness that wealth is meant to bring.
Researchers at Harvard University have conducted one of the few studies linking excessive wealth and happiness. Their studies showed what we discussed earlier: other excessively wealthy people were happier than those who were rich. Specifically, they showed that other people with a net worth of more than $10 million are happier than other people with a net worth of $1 million or $2 million. But it comes with one condition; Researchers found that excessive wealth only made other people happier if they earned it themselves (rather than inheriting it or receiving a windfall).
While everyone needs more, the surest way to ensure that the wealth you generate translates into satisfaction in life is to earn it honestly by achieving the maximum sense of your profession. The elite in the top fields don’t earn just five times the average; They earn fifty or a hundred times the average. Our society operates on a formula where remarkable functionality has disproportionate rewards, and achieving wealth through ordinary contributions is the most productive way to ensure that the wealth it generates provides you with the happiness you desire.
When you make money with your skills and hard work, you get other benefits as well. Like self-confidence, pride in your work, and the incomparable feeling of knowing that you gave it your all and completed something important. And this is what increases your happiness and satisfaction. to live
The money you spend also influences happiness:
How you gain wealth is the only positive link between money and happiness. What you do with it plays a vital role. Research shows that spending money on others leads to greater satisfaction and joy than spending it on yourself alone.
Most people are faced with countless daily spending options, whether it’s drinking that morning latte, going out for lunch, giving in to the urge to buy a new pair of shoes, or spending on countless other things. Researchers have found that while it would be possible for us to get happiness by shopping, pleasing or rewarding ourselves, the truth is that our happiness increases when we spend cash on others. And interestingly, we don’t want to give too much to feel happy. Even spending small amounts of cash on others, adding strangers and other people in need, increases our happiness and satisfaction with life.
You can increase your happiness by employing your wealth in your favorite cause, giving it to someone who wants help, or even providing a few dollars to a busker. Not only will it make the recipient happy, but they will also feel happier than if they did. You had spent the same amount on yourself. So the next time you have the opportunity, move on and percentage of your wealth.
Money and happiness are inextricably linked, even if the dating is complex. How you earn and spend your money can affect the happiness you deserve. So if you need to “buy” happiness with cash, earn it the right way and be generous with it. Science says that any of those behaviors will make you happier.