Does money buy happiness?

I used to think that if I got rich, I would be magically happier.

– Emma Chamberlain

“When I was younger, my answer would’ve have been- yes. I always had everything I need(ed). I had an incredible childhood, but I was always comparing myself to the rich kids at school. It made me feel angry and resentful because their lives seemed easy. Even though my life was incredible. But I still felt bad because I didn’t come from money.”

This is a rough extract from Emma Chamberlain’s podcast. And this is the experience of many children growing up. She goes on to mention how when she had just started making money as a 17 year old, the luxuries she could afford further solidified her belief. But nonetheless, the question still stands, Does money buy you happiness. Well for starters one has to identify what happiness means to them. Is happiness in saving millions for an early retirement. Is it spending quality time with your loved ones. Or is it in meeting the societal demand of a big house, bigger bank account?

For many people, happiness is complex, and as human nature goes, the concept of happiness is every evolving among most populations. From wanting a good nice Hyundai to maybe the cheaper SUV to the next new Ferrari, our wants never stop. And for a second; objectively thinking, that is a good thing. If our aspirations go dormant, so does our will to live and explore. Now, that is not ideal is it? Our goals and hunger to achieve them are not only respondent to our own self image but are also vital for the company we work with, or the people we love. Having no goals is reflective of a sad, sad life. But again, if sadness lies in not wanting anything, is happiness the opposite of it? Wanting all and always?

Well, no. The theory of humanity has always been in  extremeties. We love to believe that it’s all black and white. But ironically, the most interesting thing that we are yet to explore in the human brain is the grey matter. The part that is neither black nor white. Having said that, it is the truth that when your basic necessities are met you will be happy. There is no doubt that someone with a small cramped apartment and having barely any money to feed themselves will not be nearly as happy as someone who doesn’t have to worry about the next meal and the electricity bill next month. The freedom of travel that money gives you. The liberty of having access to quality health care these are all immeasurable. But still, what is happiness? 

Many believe that it is a subjective question impossible to answer. I dont. I think that happiness is when a person does not have to worry about much in their lives. It is not possible to live a stress free life. Stress is not a one off event. It is engrained in our living and you cannot imagine to live without it. But again, happiness, I believe, is when you can stop working for a few days when you dont feel well, you can afford quality education for your kids, provide yourself with good opportunities; when you have a nice little backyard with a dog and life doesn’t feel like living on thorns all the time. Financial independence is not overrated. Pseudo happiness lies in the macro luxuries. In the best red car, in the diamond studded gowns. Things that can wear with time. Education, experiences and moments remain forever, bags and houses they rust and wither. The beauty fades the brain remains. 

So, does money buy you happiness? Yes and no. Because sure it can give you the freedom to explore, resources to have memories and experiences that you otherwise would have missed out on, but on the other hand, in the pursuit of making said money, you may loose on the people you can share the experiences with. Making huge money often has a pattern. 4 wives, 7 kids, all from different wives and girlfriends. You might earn a good amount but you have no family to share the money with. The only leverage is, with insane money, you can buy friends. And the thing is, in todays date, money isn’t that hard to find, but authentic relationships and experiences are worth the world, the world and beyond. 

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