Can Money Buy You Happiness Essay
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In conclusion, money can buy happiness. We should have money then only my own happiness. This is because money could solve too many of our life problems. Therefore, we should give our best effort to earn money by doing the right things in the right ways in order to have a better life. Lastly, I think that money can buy happiness.
In conclusion, I strongly believe that money could not bring eternal joy into your life because purchasing materials will only result in a limited amount of satisfaction, it cannot buy you the emotions you get from love and affection and it also cannot purchase everything in world such as general knowledge and a deceased loved one or the memories made with them. Money can make life easier, for example, you can buy a fancy car to get you to places faster but an average car will achieve the same thing, however, it may not be as pretty or fast but it still achieves its ultimate goal; to get you to your destination. Money can also buy expensive goods but they will only provide a limited amount of happiness because after its novelty passes you would have to buy something better. In the long run, money cannot buy happiness because the most valuable things in life cannot be bought with money; they have to be earned such as friendship and love.
I believe that money can buy a person happiness due to several reasons related to the costs of comfortable and healthy living. These costs include housing, medicine, and meaningful experience, which improve the quality of life. Despite the fact that luxury is often seen as an attractive point in favor of happiness via increased budget or spending, it is not necessary for well-being. Some researchers propose that happiness is dependent on the living standards and the perception of living circumstances, this is a theory of comparison (Muresan et al.). On the other hand, it is also possible to perceive happiness as the satisfaction of personal needs (Muresan et al.). Nevertheless, multiple factors are crucial to form a happy life which need to be reviewed in detail.
Living standards vary from country to country due to the differences in economic conditions. Consequently, higher living standards refer to higher costs for basic needs. The theory of comparison suggests that an increase in a personal income would not lead to a significant increase in happiness, given that the income of others would similarly increase. Nevertheless, studies identified that a certain threshold exists after which the effect of income on happiness is significantly reduced. For example, in the US, it is equal to 75 000$ (Mogilner et al.), while in Europe, it is close to 35 000$ (Muresan et al.). This demonstrates that an excessive increase in income is not necessary for well-being. Simultaneously, it points to the fact that below this threshold, people are not as satisfied with life and happy as they could have been.
In conclusion, money can buy happiness but only if spent correctly. The correct spending of money involves improvement and maintenance of life via memorable experiences, meaningful things, and satisfaction of basic needs. Moreover, it is not necessary to have an excessive amount of money certain threshold exists, which demonstrates that money cannot amount to complete happiness but attributes to its significant portion.
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Happiness is an emotion that we discover inside our own selves as human beings. An object can make a person happy for a short while but happiness is for a lifetime. If somebody thinks money can buy happiness then that is not true happiness.
Money is given huge importance and the simple things which bring us true happiness are often overlooked. One of the things that give happiness is love. It does not cost anything but can fill your life with happiness. This feeling cannot be purchased. It cannot be traded for any amount of money in the world. Generally, people believe that they can make someone feel happy or loved with the help of money, and perhaps they can but only for a while.
A Psychological study has revealed that bigger happiness, comfort, and positivity can show the way to better performance. Whatsoever activity one is undertaking, he is sure to be successful when he is in a state of happiness. It enables him to perform at a superior level.
A lot of people think that happiness can be acquired with the help of money, or that you need money to be happy. But there are a few of us that still believe that the best things in life are free. Many things that can make us truly happy cost nothing. Friends, family, relationships all are priceless. Such things cannot be bought and that is what real happiness is about. Several people think that material wealth or just plain money can make them happy, or can buy them the things they believe can make them happy.
I have personally seen people who buy clothes, accessories, food or anything to buy friends. It might work but only for a while and then it just goes to demonstrate once again that money cannot buy happiness.
It will be wrong to say that money is not important. Just imagine, you are travelling somewhere with your family. In this journey, your goal is the journey itself and not the destination. That journey with family is the happiness but the fuel required to run the car throughout the journey requires money. If the fuel tank dries, you can still drive it on a slope but that will be risky. Human life also works the same way, money is essential to run the life and it is very difficult to survive without money. You struggle for happiness when earning money is the only goal in your life.
It should be noted that money is an essential part of modern life and one cannot survive without it but one should not make money as the sole source of happiness. Money can buy pleasures but not happiness and these two things should be kept different.
Truth: Money may be able to buy authority but the truth is most powerful of all. Sometimes money is exhausted to shove beliefs or an agenda and can even be used to generate unfair study to strengthen an opinion. Sometimes, people are able to hide the truth with the help of money but not for long. In the end, no matter how much money is spent on forging the truth it will always be exposed.
Time: You will never get back the time you have spent. Each minute that has passed will never return. Despite so much scientific and medical advancements, there is no way that we can reverse the time or extend our life. No amount of money can turn the clock back so we should live our life to the fullest, work hard and enjoy what we have.
Peace: It has been seen that the wealthier a person, the less peace of mind he possesses. Money cannot buy you peace. Many individuals have spent countless amount of money to establish inner peace and this vast sum of money has never been able to come close to what we could define as peaceful. Peace does not depend on your bank statement. It depends on how you train your mind and set your expectations.
The answer is yes, money can definitely buy happiness, but certainly not unconditionally. We should all try to spend money mostly on things that will have a positive result on our happiness. After tracking and analyzing my data, I have found that certain expense categories are more directly correlated to my happiness than others. It's clear that I tend to be happier when I spend more money on these expense categories.
A lot of research has been done on the effects of money on happiness. Some claim that money could never buy happiness. Other studies state that money does buy happiness, but only up to a certain level. What none of these studies have done, however, is to use quantitative analysis to answer this critical question.
I want to shed light on this question, by combining my personal financing data with my happiness tracking data. I will try to find the exact answer to this challenging question by looking purely at my data.
In addition to my personal happiness, I have also been tracking my personal finances! What does that mean Well, I have kept track of every single penny that I have earned or spent. I started doing this when I landed my first job as an engineer, back in 2014. I was already tracking my happiness at the time. Therefore, I am now able to combine these two personal databases, to show you how my finances have influenced my happiness for the past 3 years!
A lot of people who become financially independent quit their jobs and enjoy a lifestyle free of stress. This financial mindset is not strictly about retiring early or spending the smallest amount of money though. No, for me it's about discovering and achieving life goals: What would I do with my life if I didn't have to work for money\"
This mindset helps me focus on getting the most value out of my money. I don't mind spending a lot of money, as long as I spend it on something I know will bring me value. One of the biggest principles that I've adopted is to not spend money on things that don't make me happy.
If I truly live according to this principle, then money should really buy me happiness. I try to spend money only on things that make me happy. So, therefore, my happiness should increase when I'm spending my money. Right
Below you can see a timeline of all my expenses, from the day I started tracking my finances. This graph includes all my expenses, ranging from petrol in my car to the beer I drank on a holiday. This includes everything. It even includes the money I've spent on prostitutes and cocaine. I've added some context here and there to detail some of the spikes, just to give you an idea. This is a wide graph, so feel free to scroll from left to right! 59ce067264
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