The Be Happy poll …

Does Wealth Make You Happy?

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If you ask most people what they want out of life, it’s “to be happy” … go ahead, try and ask a few people!

But, Julia Baird, the deputy editor of Newsweek has an interesting viewpoint:

The most inspiring people are those least obsessed with their own happiness, especially those who stride confidently across the globe to create, evoke change, or wrest from life what they will. Eleanor Roosevelt believed happiness “is not a goal, it’s a byproduct.” I think she might be right.

Your Life’s Purpose then is the Goal that Julia refers to – and, money (i.e. Your Number) may be the tool to get you there – with happiness the outcome … at least, that’s how I see it.

And, it may serve to explain why Money and Happiness seem to be intrinsically linked, as Julia goes on to say:

The most recent findings, for example, are that wealth makes you happy

I have a personal viewpoint on this (from experience of both sides of the wealth equation), but I would be interested to hear what you have to say?

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5 thoughts on “The Be Happy poll …

  1. “Wealth is better than poverty, if only for financial reasons.” Woody Allen

    I have been/am happy both when I had very little and now when I am comparitively well off.

    Wealth does not guarantee anything (other than a bigger tax bill). Even wealthy people have issues. In particular if their expectations are too high or they compare themselves with people who are either wealthier than they are (or any other metric) they may have issues.

    That said, the benefits of being wealthy can contribute to happiness. The knowledge that I can stop wearing a suit in a few years, that I will always be able to provide medical care to my family if they need it (among other things) all contribute to my emotional well being.

  2. For me, it is the fact that money provides the freedom (I think/assume lol), and that freedom is what would provide me with happiness.

    I am not exactly sure what “freedom” means but I think it would be both in terms of tangible and intangibles. Freedom to vacation where I want (or holiday as I think AJC would call it), Freedom to miss days at work to be with my future children, etc.

  3. @ TraineeInvestor – Thanks. Woody Allen quotes are ALWAYS welcome here 😛

    @ Evan – Every day is a holiday – or vacation 🙂 – for me … or, so everybody would like to think, and I see no reason for discouraging them from thinking so 😉

  4. Wealth does not create happiness. In fact, I spent time in The Philippines(where these people are some of the poorest people) and I would have to say that ,for the most part, they are the happiest people I Know.

    I personally don’t have Great Wealth, and feel the only thing Great Wealth would bring my way is the ability to help those in more need than myself.

  5. Wealth doesn’t equate to happiness. Happiness is a state of mind and it is something that you consciously and subconsciously choose. Like the folks before me stated, some of the poorest people on the planet are the happiest and some of the richest/wealthiest are the most miserable. To each, their own. Me personally – wealth will give me the freedom of choice and having my own choice is what makes me most happy. When I have my choice, (to work, to sit on my a$$, to sleep 12 hours) I only have myself to blame if I am not happy.

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