I believe that money can make you happier. Wait, money buys happiness?
A lot of people would disagree with this claim. If you can relate, I want to challenge your belief system.
A survey of more than 1.7 million people from 164 countries found that people are happiest when they make about $75,000 a year. However, there was a decline in emotional well-being and life satisfaction after the $95,000 mark.
It's not the amount of money that you make that matters. Rather, it's how you choose to spend it.Â
Are you ready to learn 5 ways that money can make you happier?
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Money is a tool, not a goal.
If your goal in life is always to have more money, you will never be satisfied. There will always be an urge to constantly chase money, which will only cause unnecessary stress and dissatisfaction.
Conversely, if you view money as a tool to achieve what really matters in your life, you will start to focus on the things that bring you the utmost satisfaction.
In our consumeristic culture, we've been conditioned to believe that buying more stuff will lead to greater levels of happiness. In my experience, this is a horrible misconception.
No matter how many materialistic possessions you own, there will never be enough. The richest people in the world “have it all” but they are still starving for happiness.
Here are 5 things that I believe you should be spending your money on.
1. Experiences
Materialistic possessions may give you a temporary high of pleasure, but they won't lead to lasting happiness and fulfillment. Psychologists call this “hedonic adaptation.” In other words, the excitement of that new car or expensive bag that you buy will quickly fade. However, nobody can ever take away your life experiences.
It's not until you've acquired everything that you realize that these things don't enhance your life. The fancy cars that I've owned will never replace the experience of proposing to the love of my life in Santorini. Money allows you to experience more.
2. Health
Your mind and body are connected. What you put into your body affects your level of happiness. If you are eating junk food, how do you think you will feel? If you want to be successful in life, you need to make sure that your body is operating at the highest possible level.
Money allows you to invest more into your health. By having money I've been able to biohack my health. I can invest in things like micronutrient testing, naturopaths or fitness trainers so that I can optimize my health and well-being.
3. Time
Time is a depreciating asset. You only have so much time, which is why you need to be mindful of how you are spending it and with whom. More money will buy you more time.
It is possible that there are things that you are currently doing in your life that are making you unhappy that money can solve for you. This could be in the form of cooking, cleaning or bookkeeping. Stop wasting time. I encourage you to leverage other people so that you can focus more on what matters in your life.
4. Personal GrowthÂ
Investing in yourself is one of the best investments that you will ever make. I've spent hundreds of thousands of dollars on my personal growth and development, and I will continue to spend more.
The more that I invest into myself, the better quality of life that I have. Money can allow you to get access to the best coaches, therapists, trainers, and seminars. Your future depends on your ability to grow and become more. Make it a priority.
5. Giving
My happiness levels have been most influenced by my acts of contribution. When you give to others, you experience a sense of fulfillment that is beyond anything you will ever experience.
Building schools in Ethiopia, Kenya, and Equador and seeing the impact of my contribution was such a humbling experience. Money is a tool that allows you to make a difference in the world.
Money buys happiness.
This is why it is worthy of pursuing. When you know what to invest your money in, it will make a measurable difference in your happiness levels over the long-term. In the words of Jim Rohn, “Set a goal to become a millionaire, for what it will make of you to achieve it.”
What will you invest more of your money into?
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