Does money buy happiness?

There is probably nothing in the world that people spend more time discussing than money.Does Money Buy Happiness?

Countries go to war because of money.  People marry and divorce because of money.  And we spend the biggest part of our waking hours working to earn it.

The age-old question, of course, is, does money buy happiness?

While writing a fascinating book, John Stossel, the highly regarded former anchor of the investigative TV show, 20/20, did some research into the answer to this question.

Not surprisingly, it turns out that people who struggle on a daily basis to survive – put food on the table, clothe their family and put a roof over their heads – are the least happy.

In America, most people say they are “fairly happy,” but “they’d be happier if they had more money.”Myths, Lies and Downright Stupidity

However, Stossel’s research revealed that, after the basic necessities are covered, more money does not equal more happiness.  A survey of people on Forbes Magazine’s “richest” list found they rated themselves no happier than anyone else.  (But I imagine it’s more comfortable to cry in a Porsche than a Hyundai.)

Note:  Stossel’s book is called “Myths, Lies and Outright Stupidity,” and I highly recommend it.  You can get your copy now.

One thing we do know is that not having to worry about whether the money you were counting on to provide a comfortable retirement will be there when you need it reduces stress and increases your ability to enjoy every day.

Which is a big reason people are flocking to Bank On Yourself.  It gives you peace of mind for retirement planning, because you’ll know the minimum guaranteed income you can take every year and for how long you can take it.

Perhaps the best things about having money are:

green check box with red check

Personal Freedom

Money is the tool of independence – not having to do what you do not wish to do.

green check box with red checkCharitable Ability

Americans are among the most charitable people on earth.  Being able to give more to your church, temple and/or favorite charities is one of the most fulfilling feelings.

My best-selling book contains some very moving stories of folks who use their Bank On Yourself plans to allow them to devote more time and money to charitable causes.

And check out this video revealing how one family used their Bank On Yourself policy to help raise over $100,000 for their church.

It’s a very creative idea that almost anyone can use!

I think most people would agree that true prosperity is loving relationships, fulfilling work, contributing to a greater good, beautiful sunsets, abundant health, rainbows and talking with good friends.Rainbow and Happiness

And… it means having the freedom to live life full-on, doing the things that bring you joy.  It means living without fear of paying bills, scrimping by, or depriving yourself of the things that bring happiness, fulfillment, and meaning to your life.

Maybe money can’t truly buy happiness.  But it sure lubricates life and can prevent a whole lot of unhappiness.

It’s a lot easier to be happy if you’re not worried about paying the rent or mortgage, having the money to pay for braces on your kid’s teeth, or providing a home-health aid for an elderly parent.

Money stress breeds unhappiness, hopelessness, and broken relationships.

If you want more financial certainty, less stress over money and finances, and the ability to enjoy more of life’s luxuries (without the guilt), why not investigate what Bank On Yourself can do for you?

If you haven’t already requested your free, no-obligation Analysis that will show you how adding Bank On Yourself to your financial plan can help you reach both your short-term and long-term goals and dreams, why not request it now, while you’re thinking of it?
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If you haven’t already started to Bank On Yourself, please take the first step today and take back control of your financial future!

Tell us what you think below.  Does money buy happiness?  And how do you define true prosperity?

Comments

  1. Scott Kolb says:

    Pamela,

    My wife and I are new the BOY as of a few months ago. Even though our BOY bank is new we are excited about what it will do for us in the long run. We wish we would have started soon but happy that we have. As we study and learn more about I know that we will share it with our friends. Hopefully they will see the potential and take the first step. Your book is helpful in presenting the facts in a common sense manner. Thank you.

  2. Having been both with and without money several times in my life, I can say that no, it does not buy happiness. However, what it does buy (to a large degree) is peace of mind. I am SO much more stressed and anxious when I am worried about financial concerns, and this does, in fact, detract from my happiness. Having Bank On Yourself in place as part of my financial backup plan has greatly reduced the financial stress in my life, and contributed to my peace of mind in a major way. And that, as they say, is “priceless.”

  3. Great post! Bob Proctor once told me in a coaching session that money can’t make you happy, but it can make you comfortable. I truly believe that. It’s the reason why we see some broke millionaires out there – people who have a lot of money but are unhappy.

    I believe happiness comes from a balance of all facets of life: financial, spiritual, relational, mental, and physical. I wouldn’t want a lot of money if it meant losing my family. I wouldn’t want a lot of money if it meant giving up on my health.

    Happiness is a choice. Money is merely a tool and your attachment and views towards it can affect your way of living.

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