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Money And Happiness Essay

opinion Essay
2945 words
2945 words
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Money and Happiness are two things that we have all given a lot thought. We put lots of effort into these two things either trying to earn them or trying to increase them. The connection we make between money and happiness is strange because they are two very different concepts. Money is tangible, you can quantify it, and know exactly how much of it you have at any given time. Happiness, on the other hand, is subjective, elusive, has different meanings for different people and despite the efforts of behavioral scientist and psychologist alike, there is no definitive way to measure happiness. In other word, counting happiness is much more difficult than counting dollar bills. How can we possibly make this connection? Well, money, specifically in large quantity, allows for the freedom to do and have anything you want. And in simplest term, happiness can be thought of as life satisfaction and enjoyment. So wouldn’t it make sense that the ability to do everything you desire, result in greater satisfaction with your life. The question of whether money buys happiness and how we choose to answer this question has significant implications in our lives because it directly affects our choices. Most of us base our choices on the amount of money they will result in. We compromise our integrity to demanding bosses in the hope of getting a promotion or a large bonus. We pick college majors based on their monetary value rather than our interest because we believe the extra money will make us hap... ... middle of paper ... ...ing include appreciating simple pleasure, volunteering, engaging in deep conversations, investing in relationships, exercise and even a good night’s sleep. Sometimes being happier is simply a matter of choosing to be. This return us to the question of how much consideration you should give to money when making life choices to achieve the universal goal of happiness. And the answer is you should make choices that will give you enough money to live comfortably and allow you to focus on other factors that contribute to your happiness, such as interpersonal relationships and generosity towards others. And you should do this with the understanding that more money does not necessary result in happiness, although it does help, if spent in the right way.

In this essay, the author

  • Explains that money and happiness are two very different concepts. money is tangible and quantifiable, while happiness is subjective and elusive.
  • Analyzes how the question of whether money buys happiness has significant implications in our lives because it directly affects our choices.
  • Opines that money doesn't buy happiness, although people subscribe to this belief even though they often act contrarily.
  • Argues that although money and happiness are directly proportional, there is a point in which happiness flattens out when additional income ceases to increase reported happiness.
  • Explains that people who won the lottery were made worse off after spending their money and being harassed by their family and friends. the body senses acceleration but not velocity.
  • Opines that winning the lottery isn't the only way people accumulate wealth. the flaw in the argument is that it examines the level of happiness of a small group of people.
  • Explains that a study by robert kenny found that money makes many aspects of life easier, but having lots of money can also make life more difficult.
  • Explains that the wealthy are at a greater risk for psychological issues, such as feelings of isolation. the results illustrate that having lots of money does not always lead to greater happiness.
  • Explains that money can buy happiness, depending on how you spend it. prosocial spending leads to greater levels of reported happiness and psychological well-being.
  • Explains norton and dunn's research that students who spent money on themselves were happier than those who bought coffee for themselves. the amount of money spent did not affect happiness.
  • Explains that norton and dunn conducted the same experiment in uganda, where income is significantly lower than it is in canada. they found that the positive effect that prosocial spending has on subjective happiness are universal.
  • Explains that prosocial spending has been tested on teams and organizations. in one study, sales teams in a company in belgium were given money, half of the teams were asked to spend the money on themselves, like the college students in canada.
  • Explains that giving money or gifts to others is positively coordinated with happiness. money can buy happiness if you spend it on someone else.
  • Explains that prosocial spending promotes the development of social relationships, leading to not only happiness but also improve overall well-being.
  • Explains that spending money on experiences rather than material possessions results in greater happiness. experiences allow us to interact with other, and improve interpersonal relationships.
  • Explains that money has the potential to make certain aspects of life much easier, but it can also complicate many others.
  • Opines that people do not have a choice in how happy they are, as researchers have shown that 40% of our happiness level is based on individual choices and actions.
  • Explains that simple habits to live a happier life have the potential to improve wellbeing and life satisfaction overall.
  • Opines that money should be given consideration when making life choices to achieve the universal goal of happiness.

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