while many of us go through life with the pursuit of money on our minds we're
often told that money can't buy happiness
but what ruth is there in the same is there a correlation between money and
happiness
and if so how can we use it to our advantage. humans are very sensitive to
change
when we get a raise or commission be really enjoy it but we adapt at
incredible speeds to a new wealth
some studies have shown that in North America additional income beyond 75,000
dollars a year
seizes to impact day-to-day happiness in fact
people who win the lottery of report becoming extremely
unhappy they often end up spending all the money going into debt
and experience to ruin social relationships so
surely money can you really buy happiness well recent studies suggest
that the problem may actually be in the way that we spend money
instead of buying things yourself try giving some a bit to other people
and see how you feel studies show that people who spend their money on
others feel happier among people who spend on themselves don't necessarily
become less happy
the happiness is unchanged this same principle has been tested on teams and
organizations as well
one experiment showed that instead of an organization writing a large check to a
charity
dividing the amount up amongst employees and allowing them to contribute to a
charity of their choosing
increased their job satisfaction similarly
individuals that spent monetary incentives on each other
as opposed to themselves increase not only job satisfaction
but improved team performance and sales this has been seen in both sales
and sports teams almost everywhere we look in the world
you see that giving money or gifts to others is positively correlated with
happiness
interestingly the specific way the money spent on others
is important from trivial guess two major charity efforts
spending something on others is the important aspect in increasing your
happiness
the emotion over towards the pro social spending our even detectable at the
neural level
if you are going to spend the money on yourself try to go after experiences as
a post material things
traveling are going to an event is more impactful for the vast majority of
people in the long run
and while you're saving up for these big experiences don't forget about the daily
joys in life
many small freakin pleasures help to get you through the days
and encourage change which stimulates the brain instead of buying a three
thousand dollar rug that provides a one time experience for the next ten years
a five dollar lottery with friends will be different each time
offering unique access to happiness opportunities though money is unlikely
to be the main source of happiness in our lives
it certainly has the potential to make some things easier and complicate others
but at the end of the day you can buy happiness if spent in the right way
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