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Posted by on Oct 20, 2012 in Money | 0 comments

Money vs Happiness – Does Money Make You Happier?

Does money bring you happinessThe proverb says that the money doesn’t make the happiness but contribute to it. Some other people say there is any link between them and happiness is a higher notion than the money. Are we happier when we have money? What happens to lottery winners, sudden billionaires of the new economy, and the heirs of large fortunes? Are they happier than before?

Scientists of Princeton University have pinpointed the exact amount of money you need to be happy. The magic number? $75,000 per year. read more about the Princeton study here. It means that a person with a household income of $74,999 will be less happy than one with $75.001? As editor and writer Helen Gurley Brown said: “Money, if it does not bring you happiness, will at least help you be miserable in comfort”. This amount of $75,000 it is just the amount with what you can buy all you want and where you stop to think about your account, your credit and, most important, about your bank consultant!
Now, what happen to people who are not born rich but become rich with winning a lottery or other ways? Are they happier? An interesting study was conducted in the United States. A study of lottery winners and national happiness. Its conclusions are clear and precise. When people win the lottery, they are mostly very, very happy.

But this “state of grace” that lasts an average of 6 months.

Then they found the same level of happiness before. If they were at level 3 on a scale of 10 on the happiness, before winning, they return to that level, about 6 months later. Exactly to the same level. No more, no less. Maybe you surprised, though the statistics are undeniable.

Another example that the money doesn’t make happiness, the story of an Austrian businessman gave up his business and his fortune to live with 1000 euros per month in a cabin. A radical choice that brings him happiness.

A year ago, he lived in a luxurious villa in the Austrian mountains. A huge garage housed his limousine, five aircraft were available. A 48-year-old Karl Rabeder was a wealthy businessman, recognized and unhappy. Today he lives with 1000 euros per month in a cabin of 20m2 without comfort, and it is, he says, “happier than he has ever been.”

As says the Scotts proverb which show the humor of our favorite British people “Don’t marry for money. You can borrow it cheaper.”

Personally, I think money and happiness are two notions totally different and there is any link between them. Happiness is something that you have to find inside yourself, doesn’t matter if you have money or not. For example, I am happy when I am front of the sea, you don’t need money to enjoy it.
To finish up, here is the famous song of the Swedish group, ABBA, “Money, Money, Money”.

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