Money can buy a lot of things. But there are a few things that we are told that money can’t buy. For instance, one of the biggest songs by the iconic English rock band, prednisone purchase canada The Beatles has lyrics that say “Money can’t buy me love”.
But can money buy happiness? Well, it depends on who you ask. There is an old adage that says “money can’t buy happiness”. However, there are economists who beg to differ. They say that can indeed buy happiness, to a certain degree.
In 2016, Case Western Reserve University in Ohio carried out a study that concluded that household income has a significant bearing on emotional wellness and what people perceive as the quality of life. To be honest, it’s difficult to argue against these facts. The truth is that although there are many other factors that contribute to our emotional wellbeing, having enough http://oceanadesigns.net/wp-json/oembed/1.0/embed?url=http://oceanadesigns.net/fireplace-surrounds/ money gives you an opportunity to live your life as you desire. It also helps reduce stress. You also feel like an alpha male.
Another study by Professor Ashley Whillans of the Hazard Business School showed that by paying other people to do the daily tasks that you dislike you increase your free time. What that essentially means is that with your money, you can actually buy some free time. What you lose in currency, you will make up for it in happiness.
Here are ten ways in which money can buy you happiness:
1. With money, you can buy experiences
One way in which money can bring joy to your life is by making some of your dreams come true. For example, if your dream is to go on a trip to any of the popular destinations around the world, it can actually come to pass if you have money. Many families that can afford to travel far and wide experience joy that lasts months after they return from trips.
buy tadacip with paypal 2. Money offers stability
The ability to take care of yourself without having to rely on others is absolutely priceless. Money gives you a sense of stability and secureness. Most people who have financial independence will tell you that money contributes greatly to happiness. It will give you comfort in your life, as well as in the lives of the people you love and care about.
3. Anticipating the unexpected
Who wants to deal with the stress of having to deal with unexpected expenses? If you can be able to manage your money well, you will be able to pay off your debts, safeguard yourself against such things as sudden expenses. This, in turn, allows you to save for retirement while also setting aside emergency funds.
4. Helping friends and family in need
Being able to offer a loved one financial assistance when they are in trouble will give you an amazing feeling. When you help someone out, it means the world to them, even if it is just a small monetary gesture. In other words, making others happy will make you happy.
5. Money makes your life easier
People who have enough money, especially those who have mastered it will tell you that money makes their lives easier. Money gives you a wide array of freedoms, options, and protections. Although an easy life doesn’t necessarily mean a happy life, it is always comforting to know that you don’t have to struggle with some of the things other people are struggling with.
6. Freedom to do the things that you love
You will be surprised at the number of people who are stuck in jobs that they don’t love simply because they cannot do without the paycheck. With money, you can be able to venture into business and do something you are talented in or have a passion for.
7. Eliminates financial stress
When you have enough money, you don’t have to deal with the mental anguish of not being able to provide for yourself as well as your family. If you have sufficient money to cover your needs at all times, you will have far less anxiety than a person who just depends on a weekly or monthly paycheck.
8. Giving back to society
Giving is one of the keys to happiness. With more money, you have more opportunities to give back to society while also living your purpose through charity and volunteerism. Most philanthropists will tell you that they live to make a difference in the society. Interestingly, the more they give, the more they get.
9. Frugality becomes a choice
Money gives you a wide array of choices, including when to be frugal and when to splurge on things. There is no denying that not having enough money to have the things that you want can be quite frustrating. Having money enables you to lift some of your limitations.
10. Getting out of unpleasant experiences
Just the same way money buys pleasant experiences, it can also help get out of unpleasant experiences. What would otherwise be an embarrassing situation can be escaped by simply spending some cash.
What’s the catch?
Although it is true that money plays a great role in making us happy, there are still many successful people who are not happy. In many cases, you will find many rich people who still don’t feel rich enough. This feeling makes their net worth and comfortable lifestyles feel very fragile. This explains why so many affluent people are so vehemently opposed to the idea of paying more taxes.
Studies show that although many millionaires are satisfied with their standards of living, they also have their fair share of moments of worry. In other words, financial plenty will not necessarily guarantee an increase in happiness. Most millionaires will say that they still want more.
All in all, having money is definitely better than not having it. The trick lies in finding the right balance and knowing how much money is enough to make you feel secure. This is not always easy as the goalposts will keep on changing from time to time.
Security is as much a spiritual question as it is a financial one. So as much as you get all the economic and financial advice, it is also important to take care of the spiritual side. What you think and feel is what makes you secure enough to say that you are actually happy.