Can money buy happiness?

Having money does not equate to happiness or put another way, money alone cannot guarantee happiness.  However, it can enable you to invest in the things that bring you and your loved ones joy.  While money is an important facilitator, it doesn't replace health, family or happiness; those things are the most important kind of capital. When you have the foresight to save and sacrifice things now so you can have something better long term, you are investing in something that will benefit you, or make you happier in the long run.

 

There is a lovely saying by George Lorimer that“It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.”   

 

In some research done by Time.com, it was established that people felt happiness in different ways and one possible factor that contributed to that was how much money they earned.  The results showed that those with higher incomes tended to feel more positive emotions with the main focus on themselves, while those who earned less, took more pleasure in their relationships with other people.  While TWiCE, do not believe that this is always the case, we do believe that financial stress can be a significant factor when it comes to your mental well-being and for this reason, we are passionate about ensuring that everyone is provided with the opportunity to have a fair shot at financial success.  Financial freedom provides opportunity for independence and allows for self-sufficiency which both contribute favourably to your mental well-being.

 

Here at TWiCE, we believe that balance is key to having a fair shot at financial success and if money is spent well, it can indeed provide a great deal of happiness.  The key is understanding the difference between need and greed.  Having more money or knowing how to spend the money you have wisely:

  • Eliminates financial anxiety.

  • Allows you to buy some memorable experiences even if it is not a significantly large amount of money being spent.

  • Enables you to help those you love, or give to charity.

  • Enables you to buy things or services that free up your time to enjoy more of what you love.

 

Join us and get involved here to find out more about how money works and how you can make it work for you.

Disclaimer:  The above information does not replace financial advice.  Please ensure you seek independent financial advice before making any decisions regarding your finances.  We also recommend that you carry out your own research to ensure that this is right for your own unique circumstances.  Please note that we sometimes link to other websites but we cannot be held responsible for their content