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“Money won’t buy happiness” is a statement that has been made by economists and psychologists, alike. However, I am also aware of several findings that debunk this belief and follow a train of thought that “if more money was not associated with more happiness then we would all stop working.” Taking that statement even further, these individuals believe that “every time you double your income, you get an increase in happiness and your overall well-being.”
In my own personal experience, increases in income have had a comparatively brief effect on life satisfaction. Further, I believe the concept of ‘wealth yielding happiness’ is then an illusion…overrated to say the least. Like Russell Simmons’ aforementioned quote, I also believe that your happiness, (or ‘passion’, working together with your perseverance and patience) hard work and determination can bring forth money in your life, which can, in turn, bring about a feeling of satisfying. (See also my August 21st blog post on P3 : https://prestonbyrd.wordpress.com/2013/08/21/p3-is-what-you-need-to-build-a-successful-business/)
To that end, I’d love to hear from each of you, “Would you be happier if you had more money?” If so, please explain. How does money affect your happiness, satisfaction and overall well being?
~ Preston Byrd