“Whoever said money is the root of all evil doesn’t f****** have any,” said Ben Affleck (aka “Batfleck”) in the movie Boiler Room (a must-see for anyone in the financial services industry). Seriously though, when you think about the idea of money being able to buy happiness, what do you think?
Do you believe that it’s possible to be happy with a “low” salary as long as you make enough to cover the basic necessities (food, shelter, clothing, etc.)? I know, stupid question. Of course you know that more money means more happiness in Singapore!
Even academic studies are now proving what you already know – that the more your income increases, the happier you become.
Here’s why money CAN buy happiness:
Because More Income Increases Your Quality of Life
The amount of money you make has a direct effect on your quality of life. You can have all of life’s basic necessities covered, but that still doesn’t mean you’ll be happy.
Living on pooridge, I mean, porridge everyday won’t make you as happy as eating ribeye steak.
Living with your family of five in a 2-Bedroom Housing and Development Board (HDB) flat wont’ make you as happy as living in 4-Bedroom condominium at Sentosa Cove.
Clothing your family in the most basic no-name shoes and clothing won’t make you as happy as being able to provide everyone with clothing from Levi’s, Zara, and Marks & Spencer.
Taking the packed Mass Rail Transit (MRT) train to work every morning won’t make you as happy as being able to drive to work in a car.
So as you can see, the amount of money you make has a huge impact on your quality of life. And the better your quality of life is, the happier you’ll be.
Because More Income Increases Your Confidence
Does having more money really increase your confidence? Well, I’ll tell you this – I’ve never seen a guy exit a Ferrari (with a beautiful woman no doubt) who didn’t look supremely confident.
Anyway, let’s put that little theory to the test shall we?
If I were to offer you two choices of clothing to wear for a job interview that could increase your income, which would give you more confidence?
- A pair of no-name dress shoes, trousers, button-up shirt, and a Casio watch.
- A pair of dress shoes and a new suit from Ermenegildo Zegna… and a nice Rolex.
Yeah, the choice is about as lopsided as a match between Manchester City and Cardiff. But you get the picture right?
If you’re confident, you have a better chance of landing a great job, closing a big deal, charming that chio chick at the club.
If you have more money, you get more confidence, and that can lead to more happiness.
Because More Income Expands Your Lifestyle Choices
In Singapore, 95% of the “fun” things you and your family can do cost money. If you’re barely making enough to cover your basic life necessities, chances are good that you have very little left over to do the lifestyle activities you enjoy.
In short, you’ll “have no life,” as the saying goes.
Without money, you can pretty much eliminate all of the activities that make life enjoyable such as:
- Dining Out
- Leisure Activities
However, if you had more income, you could not only experience the lifestyle activities above, but you could expand the diversity of those lifestyle choices.
For example, you could go from taking holidays in Batam, to taking holidays in Seoul or Tokyo.
You can go from dining out at McDonald’s, to dining out at Chillis.
You can go from shopping for clothes at Lucky Plaza, to shopping for clothes at ION Orchard.
You can go from being content, to being outright ecstatic about your lifestyle and the choices available to you. Want to learn more about how you can grow your money and get to a point of contentment? Well then, follow us on Facebook!
Do you think money can buy happiness, or is it possible to happy without it? Share your thoughts with us here!
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