Wednesday, October 22, 2014

It's Really True That Money Can't Buy Happiness

Research has shown that after a person achieves a certain minimal amount of money—basically enough money to pay the bills and not be in constant financial stress—having additional money beyond the minimal amount will not significantly increase the person’s happiness.

So, think of it this way:  If you live a fairly comfortable middle class type of lifestyle and you are not in a position in which you are constantly worried about whether or not you will be able to pay your bills, then winning a $100 million dollar lottery might bring some temporary happiness—and a few more toys—but it is unlikely that it will significantly increase the joy and happiness you experience in life.

“It is good to have money and the things money can buy, but it’s good too, to check up once in a while and make sure you haven’t lost the things money can’t buy.” 

(Origin of quote unknown)

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