Post
Topic
Board Economics
Re: Money and happiness.
by
Fortify
on 07/08/2021, 16:18:00 UTC
There is a popular opinion in the locale that "A man who has money doesn't easily get angry or offended, lol". This statement goes the other way as well, that "A man who doesn't have money is easily offended by everything and everyone".

I have put this statement on analysis a lot in mind, trying to watch my mood and correlate my happiness with the amount of money I have each time. Everytime it seems like i have overspent and almost becoming broke, there is a feeling of irritation and sadness that comes with it. Also when i get some credit alerts, there is an associated joy.

I know it is not proper to tie your happiness to finance, but i did some research into the subject and found a study that was conducted with the result that happiness increases with the amount of money one makes up until a point  where there is no greater degree of happiness from making money, but unhappiness if ones income drops beneath that range.

(See study here - https://www.cnbc.com/2017/11/20/how-much-money-you-need-to-be-happy-according-to-wealth-experts.html)


What is your opinion on the subject of "money & happiness"?

I think the first statement you make is a very astute observation and something that only a man who has accumulated a fair wealth will actually understand. That is because wealth accumulation often requires lots of self control and learning how to manage your finances. To many people the extent of their financial knowledge will encompass a credit card, savings, a mortgage and loans - with the rest remaining a mystery until they die. However there is a whole world of information out there for the taking that can really help you understand how business and governments really work. Another key trait that the person with money has learned is patience - it can take a lot of time and effort to build up your riches, so you must make a long term plan instead of chasing short term get rich quick schemes which often sap away your money and leave you with nothing (again).