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Money CAN Buy You Happiness – Here Are 3 Reasons Why

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Jeff Cuellar

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“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?

  1. A pair of no-name dress shoes, trousers, button-up shirt, and a Casio watch.
  2. 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:

  • Travel
  • Hobbies
  • Dining Out
  • Shopping
  • Clubbing
  • 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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Jeff Cuellar

I'm known by many titles: copywriter, published author, literary connoisseur, ex- U.S. Army intelligence analyst, and Champion of Capua.

  • Anonymous

    Well, what do u define happiness? The things u mentioned are nothing but material.

    • CuellarJ

      Happiness means many things to many people. The Beatles thought happiness was a warm gun (although I’m sure they were just kidding when they wrote that song). Seriously though, I’m just going off of a scientific study done on the subject that comes out with the result that money can improve your level of happiness to a point. Personally, I’m just happy sitting by the beach with a good book.

      • Ahde Chua

        And of course you’d be happier reading your book on a beach in Hawaii compared to Changi

  • Moooooon

    Very true indeed.
    I mean how happy can you get when you see your family or loved ones eating bread (or less yummy food) every day just so they can survive through the month ?
    How happy can you get when your friends are all talking about the new restaurant in town which is way out of your budget.
    How happy can you get when your son/daughter yearns for something you can’t provide them without starving.