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How often do we hear “money can’t buy you happiness”? A lot, right?
Before we analyse the relationship between money and happiness, we first need to better understand what ‘happiness’ is. That’s a biggie – and let’s be honest, we are not likely to get to the bottom of that question in the next few hundred words of this article. But, the following might give you some insight into what is making you tick.
What makes you happy? Get in touch to discuss how your money can help contribute to your happiness.
Take a step back and ask yourself, “what are you most proud of?” Think back in your life to the moments when you have felt proud, a sense of achievement.
You are likely recalling something that gave you a sense of self-worth.
There was likely some kind of obstacle or challenge that you had to overcome.
And the end result probably felt a lot like our friend, happiness.
Dr Adam Fraser, a peak performance researcher, describes happiness as counterintuitive. In a recent speech, he said that lying in a hammock with a cocktail isn’t happiness, it’s pleasurable, and I recommend doing it, but that is not happiness. Authentic happiness, he adds, comes from overcoming a challenge that seemed outside your reach.
Often, we think we will be happy when the XYZ struggle is over. You know the situation, “I will be happy when I finish studying my degree”, “I will be happy when I can buy a house of my own”, “I will be happy when I have finished renovating said house” etc.. But if happiness comes from a period of struggle, and accomplishment, then perhaps there are moments to savour along the way.
We imagine we will feel happy when the hard work is done and we are enjoying the reward. But happiness doesn’t have to come from the reward itself, rather the feeling of content that you’re enjoying the process of earning what is most important to you.
If you look at happiness as a product of struggle, does that change the way you view your current situation? Can happiness be planned for? Can you direct your money in a way that leads to more happiness? Or are you spending your money in a way that is eroding your happiness?
Keep these questions in mind… the next article in this series talks about how you are using your money and whether or not it is being used in the best way.
Tell us what you think
At Invest Blue we are interested to learn more about how we can help the conversation around money. If you have 5 minutes we would love to hear your perspective. Tell us your views on the money conversation here.
If you’d like to discuss how your financial situation is affecting your happiness, get in touch.
What you need to know
This information is provided by Invest Blue Pty Ltd (ABN 91 100 874 744). The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relations to products and services provided to you.
