Money Doesn’t Buy Happiness, But…

It’s a saying that comes up time and time again. So many people will continue to tell you that money doesn’t buy happiness. They’ll tell you stories of all the people who won the lottery, only to be miserable a few short years later. They’ll tell you tales of humble folks who couldn’t be more satisfied with their lives.

More recently, the story came up about Markus Persson, better known by his online handle “Notch.” He’s the guy who created Minecraft, subsequently selling the game to Microsoft last year for $2.5 billion. Persson recently tweeted about how depressed and isolated he feels today, spending his days alone in his $70 million Beverly Hills mansion.

Neither Doesn’t Being Poor

So, money can’t buy happiness, right? Well, that’s only part of the picture. Another way to think about it is that poverty isn’t going to bring you happiness either. In fact, poverty is much more likely to make you pretty darn miserable.

minecraft

A number of studies have indicated that there is a certain level of diminishing returns when it comes to wealth and income. After you make enough to take care of your family’s basic needs — housing, food, clothing, etc. — more money won’t necessarily make you any happier. You might be able to buy nice things, but that $70 million mansion isn’t going to make you much happier than a $60 million mansion.

That’s one way that “Notch” incorrectly approached this “problem” of being remarkably wealthy. He thought he could just buy nice things, throw extravagant parties and be happy. It doesn’t work that way. Money is a means, not an end.

It’s More Comfortable Crying on a Yacht

Money can’t buy happiness, but it can place you in more comfortable circumstances. I don’t know about you, but I’d rather be crying in the back seat of my luxurious Maybach than weeping in the front seat of a ’81 Toyota Tercel. I’d rather be pondering my direction in life while sailing on a yacht than doing the same while sitting on the curb outside of Walmart.

yacht

There’s another commonly held misconception about the value of making money on the Internet. Many people think that the biggest perk to online business is the money itself. It’s not. It’s much more about placing yourself in a situation that is more comfortable, more flexible, and more in line with what you want to do, when you want to do, where you want to do it.

I don’t know about you, but it’s pretty safe to say that hanging out in a 23,000 square foot mansion in Beverly Hills sounds a lot more appealing than scraping by in a shoebox-sized apartment on the wrong side of the tracks. You are a product of your surroundings, just as much as your surroundings are a product of you.

It Can Buy Freedom

And that’s really what it comes down to. Money, in and of itself, probably can’t buy you happiness. But if you use it correctly, it can be an invaluable tool that can provide greater flexibility, incredible freedom, and a much improved sense of self-worth. And it buys time for life, rather than making you live to work.

Or, as Ben Affleck’s character in Boiler Room once said, “Anybody who tells you money is the root of all evil doesn’t f***ing have any.” Money isn’t evil. Money doesn’t equal happiness. Money is neutral and it’s what you make of it that counts.

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13 thoughts on “Money Doesn’t Buy Happiness, But…”

  1. Hublaa says:

    Money is freedom. That should have been the only sentence in this article.

  2. Hi,

    Go and read T. Harv Eker’s “Secrets Of The Millionaire Mind”!

    That will set you straight on wealth and happiness.

    It isn’t the fact that this guy has TOO much money that’s making him unhappy.

    It probably stems from his deeply routed subconscious files in his mind that he’s
    adopted as he grew up in his childhood.

    There’s something obviously there that’s conflicting with his mind at the fact
    that he’s got all this money and he’s still not happy.

    A particular FILE in his mind is consistently causing him to feel this way.

    Of course he can be happy once again.

    I mean the fact that he’s sitting around in his mansion not doing much is
    certainly not going to help him much.

    And yes everything that happens to you is neutral and doesn’t have a meaning
    until YOU as an individual give it a meaning.

    Change your focus, change your world.

  3. MotorBeam says:

    What ever said and done, money is important

    1. Alex Shaikh says:

      Yes it is important but Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.

  4. John, Money transfers Energy…from one form to another… it keep us alive! Happiness is derived from our feeling with Life! Surely, without Money… a lot of comfort and convenience is readily available. Naturally, it contributes to one happiness…. with so much facilities provided by Money!

  5. ahmadyani says:

    In my opinion, those who say money is not important or can not provide happiness is merely an excuse to cover up their own weaknesses. The inability of themselves to transform themselves to a better life.

  6. Bronson says:

    Joy comes from so many different sources in life, some of the biggest ones are quality relationships and purpose. Money is awesome. It helps in many ways but can’t build quality relationships. Keep the balance, keep priorities arranged correctly.

  7. Rahul Yadav says:

    There are plenty of ways to help others without money, sometimes just a smile does the trick.

  8. Money doesn’t buy happines but its can make our life freedom 🙂

  9. harry ono says:

    Being super rich means you can afford to sit around all day and not work. And thats not necessarily the best thing.

    1. curt says:

      Being super rich does not allow you to sit around and do nothing. A week mind allows you to sit around all day and do nothing.

      Lack of purpose, allows you to sit around and do nothing.

      No matter if you’re have money or lacking money, we all still have to find and carry out our purpose while we’re here.

      Having money allows you the freedom to give and explore more of that purpose more than if you were poor.

      Often times “unhappy people” with money are unhappy because they haven’t found their true purpose in life.

  10. Rudy says:

    Not money but ‘Love Money’ is the root of all evil’

  11. Kaycee says:

    Its true money can’t buy you happiness but it’s very important.

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