As an old guy who's been broke a lot, the best description I've ever heard is this, "money is like oxygen. If you have enough of it you don't think about it very often. If you don't have enough, it's the most important thing in the world."
A really rich friend of mine was going through some really tough times and told me, See how money doesn't buy happiness! I told her imagine if you were broke and going through this?
Normally you wouldn't keep it in cash at that point, you'd buy appreciating assets. And different ones too, just to hedge against any individual influence. Index funds are a popular option, and for a good reason - they offer steady reliable growth. But depending on how much money you have, only a fraction of it could be in one (or a few) of those.
Money means taking your pets to the vet and being able to afford treatment. Treatments that other people may have to choose between their pet living or euthanasia.
This may sound harsh but if a person can't afford vet care maybe they shouldn't have pets in the first place. Not really fair to the pet if their health hinges on their owner's finances. Just sayin'.
Some pets get cancer at fairly young ages and the cost of going to a specialty hospital chemo is more than the average can afford. I work at a vet hospital I see the bills.
@@danieldoucet9121plus some people when they get their pets have income but then lose their jobs if they get ill, hurt ect. And most rescues around me at least are full to the brim especially taking in a sick animal. Luckily it sounds like you have never been there or else you’d understand
May 2022, each of my daughters (ages 10 and 12, who have no mother, or grandparents for that matter) chose a kitten of their own from a friend. My eldest daughter's cat, Floyd got so sick, so suddenly, he passed before we could even get him to the vet. A few months later, my youngest daughter's cat, Echo was hit by a car and killed. Explain to me how lucky my kids OR their cats were, because they sure didn't see it that way.@@Sunsetsnail99
That depends on the level of poverty. Many people in countries that are alot poorer are alot happier than people that are in more affluent countries and keeping up with the Joneses. Chasing after wealth can be destructive because of the emotional, time and physical toll it takes.
@@charlesphilhower1452 But in countries that are overall poorer, labor and cost of living are both cheaper as well. So you also have to take that into accoun. I'm not really sure how it works, to be honest, but in India, you can find really good quality clothing for SUPER cheap: pure cotton/wool, silk, etc. compared to richer countries
The Mexican Actress, Mrs. Maria Felix said: "Money doesn't make happiness but cures a lot of headaches." And that it is true as it resolve most of the problems.
We say in Romania ""money do not bring happiness, but they maintain it"". Very well said, Nicole! The hypocrisy of the rich is an insult to my inteligence !
I have been poor most of my life, now I’m rich, and everything you said is true. As far as money and happiness, money spent on frivolous, extravagant “things” doesn’t make you happy. But as far as being free from most problems, having money changes everything for the better. Money liberates you from the kind of persistent fear and worry that, over time, destroys your hope and interest in life. Well said, and well done. As always.
When I hear somebody famous or rich say money can't buy happiness, I think to myself of how I want to reply to them, "Ok but poverty can't buy anything." And I also think to myself that it's spoken from a perspective of entitlement or wealth. Being rich and miserable is much different than being impoverished and miserable.
I don’t necessarily disagree with you, obviously homeless people or people who have to live week to week would most likely be happier with more money. However, being rich will not insure happiness. Materialistic possessions may make some people happy but for myself that is not true. I like helping people less fortunate than myself, I am by no means rich but comfortable and I worked hard for it my entire working life. My husband did as well. We were wise with our money decisions and investments. We are now retired and are happy with simple pleasures in our life. We have taken lots of nice vacations and my husband is an avid bicyclist and I am into art. But money may help in certain ways but it can never buy you happiness. That comes from within.
Poverty is isolating. In my younger, poorer, days my friends would meet in restaurants and bars while I sat home by myself because I couldn’t afford to go. I couldn’t go with friends to the movies. Co-workers would go out to lunch together, but I would lie and say I wasn’t hungry or I had work to catch up on. I always wondered if they knew I really didn’t have any money. It was a lonely life.
I hear you. I finally had to tell my friends, I can go for a coffee, but can't afford to eat out. Out of quite a few friends, I have ONE that agrees to meet me for a coffee or tea instead of a meal.Sooo... I sit home.
I read a story on Reddit a few years back where this person had their car impounded and couldn't afford to pay the $500 or whatever to get the car out. They went back a week later with the $500 and found out they had to pay an additional $100 a day the car was impounded. They were never going to be able to afford to get the car back.
You're so very right! Money buys you access to a psychologist/counsellor, access to a coach/pt at the gym, high quality food, not worrying if the heating/electric bill has tripled suddenly. Let's not forget about education. Travelling and trying new things. Honestly there are so many benefits. Money gives you options!
100% agree. The complete saying the money can't buy happiness, goes like this: "Money can't buy happiness, but poverty buys you nothing." Money buy's personal freedom and that freedom is what is bring happiness. I just read an ad from someone who is about to be evicted from her place, and her salary prevents her from just mowing to new place because rents are to high. I can just imagine her stress right now.
I just had this same conversation with my daughter. I've had periods in my life when I've had enough money, and periods when I haven't. Having it is better!
Cool that you are talking to your daughter & telling her about your life experiences. This way even if she didn't live she has knowledge from you about it.
Money is most assuredly important to baseline security. Happiness is about sense of purpose and fulfillment and is much easier with the basics taken care of.
When you get older, money is really, really important. My brother used to do everything that needed to be done around his house. He’s 64 now, and his back is screwed up from all the heavy work he did (for not enough money) when he was younger - up to about a year ago. Now he has to pay for snow removal, and it’s outrageously expensive. He lives very frugally, keeping the thermostat to 59, no cable, no wifi/internet, no eating out - and now he has to figure out how to pay for snow removal. Same with me - i have to pay someone to mow my yard and rake my leaves! Money is super important.
I agree, money is important, it could solve current unhappy situations. Have you considered trading services? I heard I Of that being done, with great success.
You are 100% accurate. I was brought up in severe poverty, and yes, having food and dental care can buy happiness. You're right, its bull that money cant buy happiness. Not being able to sleep at night because you're starving and freezing cold because not having money, thats how i grew up.
I mean if your rich and miserable then you can get therapy or testaments. Go on vacations and whatnot. You'd decently have lots of options for lessening misery. Now as for poor and miserable people, they don't always have those options. Instead, many of them just use drugs, smoking, alcohol, fast food, and youtube to lessen their misery. Know what I mean?
@@stephenh.4476Dental care for cat or dog $500 every 6 months, thousands of dollars in vet bills if they need lifesaving emergency surgery or treatment. Even if you have pet insurance, there’s no guarantee they will cover the treatments. Pet is no joke. Don’t get a pet if you’re not prepared for the cost.
This question has been studied, and the results showed that happiness does positively correlate with income up to a certain level (it was 70000/year some years back), after which further increases had diminishing marginal returns of happiness. I’ve been poor for long stretches, and lack of money ends up dominating your life and mind. Which sucks.
For all those people who think money can't buy happiness, I would tell them to give me all their money, and we would see who was happiest after that. 😊
That's not nice of you to do, you need to respect those who are rich and worked hard for their money. The celebrities who end their own life due to having money there is a reason for that. If anybody is rich it does have problems. The lord wants to show you that money does not buy you happiness. There is one thing a rich man can't buy......a dinosaur!
Well money is just an illusion. Its just pieces of paper and metal with faces on them. They don't have any inherit value. Its humans have it value and decided what its worth and how much of is required to buy or rent stuff. Its all mans doing. Before this we just hunted and gathered food and other supplies and everybody was secure and everyone ate. Tough as it may have been we still lived. But I guess since we started building cities and stuff and no longer needed to hunt and gather we used bartering or trading stuff. And you can see where this all goes from here.
I am a lone, disabled woman with no car, renting a single room in a shared accommodation...and would happily give you the disability check I get every month, if you are so desperate for money, sweetheart. I can manage with very little and be happier than you could ever be. I grew up in a poor family and have never had more to my name than £3000 (currently it's about £1500). I was homeless for quite some time. And here is what I can tell you: those times with no roof over my head were BETTER than what you can ever experience with all your money. The lessons you learn when you are down at the very bottom, are something no money can ever buy. You see everybody's true face- and that's worth more than a fat bank account. I laugh at the foolishness of the middle-class people (for they are the real clowns of this world). All that race to have more money is really childish. Nicole here is still very young- she has to mature to realize that no amount of money can give you joy, real joy. No amount of money can teach you genuine gratitude. Those lessons can be learnt only when you have no money to your name.
Totally agree. I have never been rich, started out lower middle class, then moved but moved up to the point where we were quite comfortable. Now we aren’t. Guess when we were happiest? If you said when we were quite comfortable, DINGDINGDING YOU ARE CORRECT!!!!
You really hit the nail on the head! It's always wealthy people saying "money can't buy happiness." A huge part of stress and depression for many, many people are the daily needs requiring money: rent/house payments, car payments, student loans, cc payments, medical bills, etc. Thank you for acknowledging that working people who pay through the nose on medical insurance at work still can't cover co pays or ER visits after paying all of their other bills! Money will not buy happiness or contentment on all levels, but it has a HUGE IMPACT on one's life.
“Money doesn’t buy happiness, but it makes you feel more comfortable in your misery” direct quote by my late mother, Myrna Rakofsky (She was a good writer) 🖊️
I remember an 'old Indian saying' (I got it from an old Indian) "when you have two goats drinking from the same stream, the thunder is not heard in the tepee" No, I don't know what it means either 😄
The saying is never too thin or too rich. I have been thin and poor, and I have been fat and rich. Thin and rich is the best! I have always been suspicious of the saying Money can't buy happiness, but I think that you are right! (I am a boomer and I respect you)
Another thing you will always hear rich people say "i'm self made" but when you get to know a little about them the truth comes out. Oh but my parent are doctors and paid for best college, bought me a new car, gave me down payment for my house or just outright gave them a house because the rich always have rental property. Then say stuff like "work hard and you will make it" most wealth is inherited.
Yeah, I know a rich person like that. Parents (doctor and lawyer) paid for their college education all the way through to their PhD, a new car when they graduated, a large part of their multi-family house (which generates a significant rental income), a second house for them to pursue their hobby "business". Etc, etc. It's bullshit.
Truth! My biggest concern as a parent is that my daughter will not have the financial means to cover her safety and comfort due to her healthcare needs once I’ve passed on. Greed will be the death of us here in the States.
Having money gives you so much bargaining power. It gives you independence from your family. You have less people trying to control you once you have money. (Ok sometimes people try to manipulate you when you have money but separate topic). Not to mention people are far nicer to you when you have money. And we sleep better knowing if something bad happened, we have money to help us survive it. I took some risky decisions in my 20s because I had my family's money to fall back on in case thjngs went wrong.
You described it very well. All the studies I have seen that are scientific say that money does increase happiness overall. It does as you said have diminishing returns once you have more than enough but it certainly does make for a happier life. No one who is well to do, ever chooses poor, that I have seen in my lifetime.
I retired at 60,cashed in 401k,started collecting social security at 62. Have no bills,except basics,insurance,power,internet.Yeah I live in a mobile home,but only pay 370.00 a month in space rent.It's just a place to lay my head.I never wanted the 3 kids and a house life,but to each their own. I have plenty of money saved,that I could care less what my power bill will be.If my car breaks down.I'll just buy another one.(If it was major)....Yep, money will make you happy.
Nothing wrong with a mobile home. Wife and I got a 40-year old one in late 2020, will have it paid off next year, we've been remodeling it (down to the studs) and should finish next year. We live in the mountains, it's absolutely beautiful here and we'll be able to retire early because of this decision!
@@c0rnd0g_19Yeah agreed,good for you.I live in California,where everything is almost double.I got lucky and found a place right in the middle,just over an hour to ocean or mountains.But yeah,would much rather be up in the mountains.....good luck to you
@@bluestripes6037 Yep.....very happy.I couldn't even imagine worrying about rent,or if I'm going to have to choose to eat or pay for bills,electricity,car payment,etc.Or worry about trying to raise kids.I have absolutely no stress.If I get bored,I take a trip over to Monterey,or drive up to the Giant Redwoods in the mountains.
My family didnt have alot of money when I was growing up and my mom always said "Money cant buy happiness" but "You can buy your own kind of misery." Money means you can have options to start out in the best environment possible.
I agree. Money gives you the freedom to choose how to spend your time and energy. You have the option to live where and how you want. Without money all you can do is tread water trying make it to the next paycheck never getting around to that vacation of hobby you were meaning to get to.
Money isn't Evil, the lack of money Is. Some people think the homeless don't want to work. Not true. They want to be paid more than slave wages. Record profits but the number one complaint by management is that labor costs too much. Study labor history. It only changed for a short period in the USA after WWII. After that CEO's took over the companies. The companies used to be run by the owners and the people that actually worked there.
I am from the US and have wanted to go to Australia since I was a kid. Never could afford it. Here I am many years later and I have saved for 10 years a little at a time and I am set to go in 2024! This dream trip will be epic and totally worth saving for because of the amount of happiness I will receive from it.
Yes money affects your level of happiness. I recently heard it like this: No one scoffs at the person who’s hunting to keep his family fed. Money today is equivalent to hunting. Yes, we go to the grocery store to eat. But money brings opportunity that otherwise wouldn’t be had. Making money is today’s hunt. (And if you can grow and get yourself some good venison otherwise then you can also skip the grocery store!)
There are so many women out in the world who can’t afford to leave their abusive spouses. I’m sure they’d agree with you! I’ve been there in the past and money would have been a godsend!
Here’s how money can buy happiness: Money gives you options, options give you breathing room, breathing room gives you control and control can offer you a measure of happiness. Maybe. -George Carlin
I can't agree more with you! I've heard lots of people who don't have a lot of money say this. And I also think they say it to make themselves feel better. Like you said, rich/sad > poor/sad. And not the 'but with hardly having money I feel so content with what I already have'.
I agree. Money can buy you happiness. Money gives a person options and, most important of all, Money relieves anxiety. Less anxiety means more happiness. Great video, keep up the good work.
I’ve seen research that says there’s a max to how much money improves happiness. I believe it was several hundred thousand but I’m not sure completely. Anyway since I was completely broke once I always say: money gives options. When you run out of money there are also no options left.
You are so right! Especially about health care in the U.S. About 5 years ago, my husband was in a contractor position so we had to pay for our own health insurance which was $1,350 per MONTH. I happened to need surgery and the cost was about $50,000. It was covered at 80%, BUT we had to pay the $7,500 deductable FIRST before anything was covered. Luckily we were able to afford it, but could you imagine not being able to? That surgery enabled me to see normally and I was THRILLED!!! I would say that money DEFINITELY bought me happiness!!! I'd also say that life is definitely more enjoyable when you aren't worried about not being able to afford the bills and choosing between no electricity or water!!!
Oh, without a doubt, in this debt driven highly inflated economy, more money 💰 certainly helps. But no, it alone, will never provide lasting happiness. There's only but so many homes 🏡, cars 🚗, and other things one can obtain before they grow bored. True happiness is within. Getting to know and learning how to love ❤️ yourself. 😶
It certainly does. It's right there in maslows hierarchy of needs. Having $ means there's no obstacle to obtaining the resources or help necessary to "get happy." A vacation? An assistant? A psychiatrist? Whatever you need to feel better you can literally purchase.
All of the hobbies I am into always has memes that says some form of (I'll use amateur radio as an example): "Money can't buy happiness, but it can buy radios, so..." I'm glad to see you cover this topic, because those that tend to tell you that money can't buy happiness always seem to have more of both (money and happiness) than the person they are telling it to. And when you try to disagree with the notion, they tend to talk down to you in some manner. The only way that money CAN'T buy at least some degree of happiness is when you have so much of it that nothing is unaffordable! Money is a factor in almost everything; food and health, housing, transportation, clothing, raising kids, hobbies, you name it. It's asinine to utter the phrase when money affects nearly everything in life.
@@SharpBalisong Sure are! I was listening to a guy who just got his $3000+ radio and $4000+ amplifier set up. The guy has over 10k in antennas. Makes me wonder why, since I can talk all over the world on my $100, 40 year-old radio and homemade speaker wire dipole antennas. I could by A LOT of quality food with what he spent instead of all the near-food more fitting to my income level!
I've been broke, I've been flush, I've been everywhere in between, but I've never actually been rich enough to not have to think about how to make money or keep track of what I'm spending down to the nickel. The happiest times in my life were when I was free to do what I wanted, when I wanted and how I wanted. Money buys you the things that make you happy.
Money takes away SO much anxiety. Not all of it, but enough to make life so much happier and easier. Even horrible situations like losing a loved one or experiencing a natural disaster is made much "easier" (or at least, less difficult) with money to solve the practical issues.
While money won't totally make you happy, it sure helps. It's nice knowing if something breaks or you have to replace something you have the security of taking care of it by simply writing a check. Also having the piece of mind being debt free and having greater freedoms. That makes me happy!
I have a pension and some investments. I have enough money to live modestly. However, I choose to work part time so I can enjoy more discretionary spending. I refuse to work nights, weekends or holidays. I did that for the first eleven years of my adult working life. Having all my basic needs met means I have choices. Having enough money buys peace of mind and security.
I agree 100%, & I can't recall ever hearing a low income person say that money can't buy happiness. I feel pretty fortunate to have a stable job, insurance, & a home, but I do rely on public transport. It's gotten stressful, because there's been an increase of crime on public transport, so there's the safety issue, & also a driver/operator shortage. So you have longer waits & more packed buses/trains on top of the safety issue, not to mention weather to deal with.
As always, you explain everything very well. The phrase "Money can't buy happiness" is being paraphrased and because of it, the original meaning has been lost. The original phrase, I believe, went something like "Money can buy material things, but real happiness must be truly earned".
I just saw the title and I agree. I have been saying this lately as well, in fact there is so much hypocrisy that goes around in different subject and aspect of life that is insane. In fact there is a famous philosopher in Brazil who says: " Hypocrisy is the base of society, without hypocrisy there is no society" so true.
Nailed it!!! I have been saying it for years.... mayyyybe having money won't make you happy but being poor is almost guaranteed to make you miserable. Thanks for this video, it makes me feel like less of a voice in the wilderness.
Being poor makes you sick, when you're sick already being poor will make you sicker. I'm chronically ill and blessed my parents are able to help me financially. If I had no help I know if it would be much harder to heal, if even possible.
I think the core of that saying is that happiness comes from within and not the material world. Money can improve a person's quality of life but happiness is a state of mind, ultimately short lived and often fleeting. Studies on lottery winners have shown that they end up feeling the same as they did before winning after about a year, even the ones that DIDN'T piss it all away.
I paid off my home earlier this year and while I wouldn't say I was struggling before, the freedom to save more, splurge more felt really, really nice. I don't have to worry about the prices going up on everything, because I have freed up more than enough in my budget to be able to cover it. Same goes for the upcoming neighbourhood renovations (refurbishing all the balchonies), I know people who are stressing about the hike in costs and I don't have to worry about it. I wholly agree with you that money does buy happiness for most people. Sure, diminishing returns is a thing, and of course wild wealth can also create issues, especially negatively affect social relationships. But for the majority of us, an increase of money is going to positively affect our lives.
My husband and I are retired now. We purposely bought a home that was less than the realtor was telling us we could afford. We knew we didn’t want to be “house poor”. We wanted money for hobbies and travel and we wanted our home paid for when we retired. No regrets, we paid our home off a few years before we retired. While some of our friends are retired with mortgages or rent biting into their retirement income we’re completely comfortable with the ability to do anything we want to do.
Congrats to you! I am paying my house off this month. Then I will be debt free! I'm looking forward to the pleasure of no longer having to even think about my debt.
@@bunny_smith congrats right back to you! It's a great feeling, and to get it done at the holidays as well must feel so very elevating. I timed mine to happen around my birthday, so felt like a major birthday present :D
@@paulachristie7807 My wife and I did the same in 2020 (standard mortgage payment is 5.5% of our income). Our house will be paid off next year. Money sure as hell buys happiness, 'cause we'll be mortgage-free in a year! This is one of those things I wish I'd realized earlier in life, but I never was good about "thinking ahead" until my mid-40's.
I agree with everything you said and fully relate to far too many because I either have experienced them and some I currently do experience. I live in the US and pay for the absolute cheapest health insurance for years and never can use it, I don’t have the money. It is literally for something catastrophic. I try to eat as healthy as possible to keep that from happening. I read up on current health topics, the different diets and even then one says eat gobs of animal fat while the other says no animal products, whole plant foods. You have to be your own advocate. I need a car repair and my once trusted shop was obviously sold and is now run my charlatans. Finding trustworthy help is stressful. I can’t afford to waste money. I need to bring in more money and that thought alone is stressful, it’s pressure I was not raised to address in a comfortable way. A lot of my ability to not get ahead was being raised by well meaning but tentative parents. I’d love you to do a deep dive into the confidence for handing life snd how it differs based on the various styles of upbringing. My upbringing was definitely fear based and while caution, financial planning, cognition and thinking would have been great, I got silence, be safe (don’t try), overthinking of problems so don’t try (again). All and all my upbringing hindered my ability to thrive and I struggle to get beyond this at nearly 60 years old.
Yes, how much money I have available affects my happiness. When I have some money I like to pay my bills as soon as possible. When I don’t, I stress out waiting for paydays. Due to my wife needing an expensive dental procedure last summer I had to put it on my charge card since I ado not make a lot of money. I know it’s going to be at least a couple of years before I can pay it off-stressing me out the whole time.
I teach in a very low-income community in the US. There is a lot of stress associated with food insecurity, inadequate housing (or no housing at all), and unsafe neighborhoods. People can create and experience joy in any circumstance and they do, but the compounded stresses pay a toll. There are even studies showing that brain development in children is severely impacted.
I love the worn out mantra “you are limitless, you’re coming from a place of lack, don’t limit yourself” often spewed out by New Age gurus who run law of attraction and manifestation workshops that cost thousands. You know who I mean.
I was just thinking about this. My parents passed away recently, so it's been a very sad and stressful time regardless of money ... but every time an expense has come up either for end of life care or funeral arrangements I couldn't help but realize just how fortunate I was that my family had the means to plan for these events. My parents had a plan and had money designated for those expenses (which they also set it up so as that it was easy for me to access when needed). I really feel for anyone who is going through that type of loss but has to deal with the stress of paying the (very high) costs associated with death because if my my parents hadn't been prepared I certainly could not have come up with the funds in my own to give them the care and memorials they deserve. It's heartbreaking to think that's what so many people go through on top of an already terrible loss.
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I could not agree more. I enjoy watching videos you post. Money can be the root of evil!
Better to cry about your problems in the back of a Mercedes, than on a mule
As an old guy who's been broke a lot, the best description I've ever heard is this, "money is like oxygen. If you have enough of it you don't think about it very often. If you don't have enough, it's the most important thing in the world."
💯
Been poor as in completely broke a few times.
Nothing beats having money in the bank and a bit of independence ❤
A really rich friend of mine was going through some really tough times and told me, See how money doesn't buy happiness! I told her imagine if you were broke and going through this?
Rich and sad > poor and sad
I think your friend is lying on how rich they are.
@wellandwattsup😂😂😂😂😂😂😂 Love it! It's a pandemic! ❤❤❤😂😂😂
Exactly.
My father once told me, "son, it's true that money can't buy happiness.....but it sure makes being miserable a lot easier to take!"
“Wealth is not about having a lot of money; it’s about having a lot of options.” - Chris Rock
Normally you wouldn't keep it in cash at that point, you'd buy appreciating assets. And different ones too, just to hedge against any individual influence.
Index funds are a popular option, and for a good reason - they offer steady reliable growth. But depending on how much money you have, only a fraction of it could be in one (or a few) of those.
The reason you one has no options is because have have no money.
Money = freedom to do the things that you like = happiness
I call that "Contentment"... Actual manic happiness comes in spurts. Who the FK wants to be HAPPY (like a lunatic) constantly?
And Good Health!
Money means taking your pets to the vet and being able to afford treatment. Treatments that other people may have to choose between their pet living or euthanasia.
This may sound harsh but if a person can't afford vet care maybe they shouldn't have pets in the first place. Not really fair to the pet if their health hinges on their owner's finances. Just sayin'.
Some pets get cancer at fairly young ages and the cost of going to a specialty hospital chemo is more than the average can afford. I work at a vet hospital I see the bills.
@@danieldoucet9121plus some people when they get their pets have income but then lose their jobs if they get ill, hurt ect. And most rescues around me at least are full to the brim especially taking in a sick animal. Luckily it sounds like you have never been there or else you’d understand
May 2022, each of my daughters (ages 10 and 12, who have no mother, or grandparents for that matter) chose a kitten of their own from a friend. My eldest daughter's cat, Floyd got so sick, so suddenly, he passed before we could even get him to the vet. A few months later, my youngest daughter's cat, Echo was hit by a car and killed. Explain to me how lucky my kids OR their cats were, because they sure didn't see it that way.@@Sunsetsnail99
❤❤❤❤❤❤🐶🐶🐶🐶🐶
Money may not buy happiness but poverty buys misery.
Nobody want povertie are jou a f Kommunist
That depends on the level of poverty. Many people in countries that are alot poorer are alot happier than people that are in more affluent countries and keeping up with the Joneses. Chasing after wealth can be destructive because of the emotional, time and physical toll it takes.
@@charlesphilhower1452 But in countries that are overall poorer, labor and cost of living are both cheaper as well. So you also have to take that into accoun. I'm not really sure how it works, to be honest, but in India, you can find really good quality clothing for SUPER cheap: pure cotton/wool, silk, etc. compared to richer countries
Oh snap
that is an absolute true
The Mexican Actress, Mrs. Maria Felix said: "Money doesn't make happiness but cures a lot of headaches." And that it is true as it resolve most of the problems.
We say in Romania ""money do not bring happiness, but they maintain it"". Very well said, Nicole! The hypocrisy of the rich is an insult to my inteligence !
Heeey, a fellow Romanian!
If you think money didn't bring rich people more happiness you're nuts.
Buna, buna
@@denisalala
@@HypnoticHollywood Then why did Kurt Cobain kill himself?
I have been poor most of my life, now I’m rich, and everything you said is true.
As far as money and happiness, money spent on frivolous, extravagant “things” doesn’t make you happy.
But as far as being free from most problems, having money changes everything for the better.
Money liberates you from the kind of persistent fear and worry that, over time, destroys your hope and interest in life.
Well said, and well done.
As always.
Well said.
Congratulations! I know that has to make you so proud. ❤
When I hear somebody famous or rich say money can't buy happiness, I think to myself of how I want to reply to them, "Ok but poverty can't buy anything." And I also think to myself that it's spoken from a perspective of entitlement or wealth. Being rich and miserable is much different than being impoverished and miserable.
Poverty sucks worldwide jou wanna stuped Ami
Totally agree
I don’t necessarily disagree with you, obviously homeless people or people who have to live week to week would most likely be happier with more money. However, being rich will not insure happiness. Materialistic possessions may make some people happy but for myself that is not true. I like helping people less fortunate than myself, I am by no means rich but comfortable and I worked hard for it my entire working life. My husband did as well. We were wise with our money decisions and investments. We are now retired and are happy with simple pleasures in our life. We have taken lots of nice vacations and my husband is an avid bicyclist and I am into art. But money may help in certain ways but it can never buy you happiness. That comes from within.
They're rich and they aren't happy. They know money isn't enough to be happy.
Poverty is isolating. In my younger, poorer, days my friends would meet in restaurants and bars while I sat home by myself because I couldn’t afford to go. I couldn’t go with friends to the movies. Co-workers would go out to lunch together, but I would lie and say I wasn’t hungry or I had work to catch up on. I always wondered if they knew I really didn’t have any money. It was a lonely life.
I hear you. I finally had to tell my friends, I can go for a coffee, but can't afford to eat out. Out of quite a few friends, I have ONE that agrees to meet me for a coffee or tea instead of a meal.Sooo... I sit home.
@@suekaiser4163 Sounds like your friends are women. If you are a guy, please ditch these women asap.
@@suekaiser4163A saying goes: when you have more than you need, don't heighten your fence but lengthen your table. 😊
I read a story on Reddit a few years back where this person had their car impounded and couldn't afford to pay the $500 or whatever to get the car out. They went back a week later with the $500 and found out they had to pay an additional $100 a day the car was impounded. They were never going to be able to afford to get the car back.
You're so very right! Money buys you access to a psychologist/counsellor, access to a coach/pt at the gym, high quality food, not worrying if the heating/electric bill has tripled suddenly. Let's not forget about education. Travelling and trying new things. Honestly there are so many benefits.
Money gives you options!
Having an emergency fund and no debt removes the main stress of minimal income.
I'm living that scenario... it's a good feeling. It came late in life, but... Better late than never!
...another way to word this, is this...money can remove suffering...but it cannot make you happy...❤
"I have been poor and I have been rich. Rich is better." Said by a number of people including Willie Nelson.
People who say "money doesn't buy happiness, just don't know where to shop".
100% agree. The complete saying the money can't buy happiness, goes like this: "Money can't buy happiness, but poverty buys you nothing." Money buy's personal freedom and that freedom is what is bring happiness. I just read an ad from someone who is about to be evicted from her place, and her salary prevents her from just mowing to new place because rents are to high. I can just imagine her stress right now.
Povertie sucks me I will newer ewer be haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa no money no chiks
In Germany we have a similar saying which goes like :
Money alone does not bring you happyness, but is immensely satisfying nonetheless 😂.
Geld allein macht nicht glücklich, aber es beruhigt die Nerven. So true
100% spot on.
The quote "money can't buy happiness" is a scam in and of itself.
I just had this same conversation with my daughter. I've had periods in my life when I've had enough money, and periods when I haven't. Having it is better!
Cool that you are talking to your daughter & telling her about your life experiences. This way even if she didn't live she has knowledge from you about it.
One point you mentioned that many people don't realize is about people staying in a toxic job they hate just to have health insurance. 😢
Money is most assuredly important to baseline security. Happiness is about sense of purpose and fulfillment and is much easier with the basics taken care of.
Pursuing fulfillment almost always costs money
When you get older, money is really, really important. My brother used to do everything that needed to be done around his house. He’s 64 now, and his back is screwed up from all the heavy work he did (for not enough money) when he was younger - up to about a year ago. Now he has to pay for snow removal, and it’s outrageously expensive. He lives very frugally, keeping the thermostat to 59, no cable, no wifi/internet, no eating out - and now he has to figure out how to pay for snow removal. Same with me - i have to pay someone to mow my yard and rake my leaves! Money is super important.
Same here. Living rurally too so not much chance of finding someone local who is honest and reliable. Bit of a worry.
I agree, money is important, it could solve current unhappy situations.
Have you considered trading services? I heard I
Of that being done, with great success.
You are 100% accurate. I was brought up in severe poverty, and yes, having food and dental care can buy happiness. You're right, its bull that money cant buy happiness. Not being able to sleep at night because you're starving and freezing cold because not having money, thats how i grew up.
❤❤❤
Yep i ran away from home in the dead of winter made it 3 days then realized inwas a moron having a good night sleep in a warm bed was overrates
It's much much worse when you're a kid. Healhy adults ,( non elderly) can deal with those conditions better.
I read somewhere that money can’t buy happiness but it makes being miserable a lot more comfortable
I mean if your rich and miserable then you can get therapy or testaments. Go on vacations and whatnot. You'd decently have lots of options for lessening misery. Now as for poor and miserable people, they don't always have those options. Instead, many of them just use drugs, smoking, alcohol, fast food, and youtube to lessen their misery. Know what I mean?
Having enough money to own a dog (good food and vet is expensive!) affords me so much happiness.
the vet is maybe $200 a year, and food is probably not more than that per year.
@@stephenh.4476Dental care for cat or dog $500 every 6 months, thousands of dollars in vet bills if they need lifesaving emergency surgery or treatment. Even if you have pet insurance, there’s no guarantee they will cover the treatments. Pet is no joke. Don’t get a pet if you’re not prepared for the cost.
"I've been rich, and I've been poor . . . . rich is better". Famous quote, it's not clear who said it.
Who said that? Anyone who's been rich then became poor.
This question has been studied, and the results showed that happiness does positively correlate with income up to a certain level (it was 70000/year some years back), after which further increases had diminishing marginal returns of happiness.
I’ve been poor for long stretches, and lack of money ends up dominating your life and mind. Which sucks.
I agree with you. I have been in a few situations where I needed more money to avoid them.
For all those people who think money can't buy happiness, I would tell them to give me all their money, and we would see who was happiest after that. 😊
Exactly! 😂
That's not nice of you to do, you need to respect those who are rich and worked hard for their money. The celebrities who end their own life due to having money there is a reason for that. If anybody is rich it does have problems. The lord wants to show you that money does not buy you happiness. There is one thing a rich man can't buy......a dinosaur!
@@JustinQuaid-u8v Somebody paid for all those in museums of natural history, so folks like you could be happy to see them.
Well money is just an illusion. Its just pieces of paper and metal with faces on them. They don't have any inherit value. Its humans have it value and decided what its worth and how much of is required to buy or rent stuff. Its all mans doing. Before this we just hunted and gathered food and other supplies and everybody was secure and everyone ate. Tough as it may have been we still lived. But I guess since we started building cities and stuff and no longer needed to hunt and gather we used bartering or trading stuff. And you can see where this all goes from here.
I am a lone, disabled woman with no car, renting a single room in a shared accommodation...and would happily give you the disability check I get every month, if you are so desperate for money, sweetheart. I can manage with very little and be happier than you could ever be. I grew up in a poor family and have never had more to my name than £3000 (currently it's about £1500). I was homeless for quite some time. And here is what I can tell you: those times with no roof over my head were BETTER than what you can ever experience with all your money. The lessons you learn when you are down at the very bottom, are something no money can ever buy. You see everybody's true face- and that's worth more than a fat bank account. I laugh at the foolishness of the middle-class people (for they are the real clowns of this world). All that race to have more money is really childish. Nicole here is still very young- she has to mature to realize that no amount of money can give you joy, real joy. No amount of money can teach you genuine gratitude. Those lessons can be learnt only when you have no money to your name.
Totally agree. I have never been rich, started out lower middle class, then moved but moved up to the point where we were quite comfortable. Now we aren’t. Guess when we were happiest?
If you said when we were quite comfortable, DINGDINGDING YOU ARE CORRECT!!!!
The only time I'm stressed is when it has to do with money!! Just to pay my basic bills!! True word. Money does make the world go round.!!
You really hit the nail on the head! It's always wealthy people saying "money can't buy happiness." A huge part of stress and depression for many, many people are the daily needs requiring money: rent/house payments, car payments, student loans, cc payments, medical bills, etc. Thank you for acknowledging that working people who pay through the nose on medical insurance at work still can't cover co pays or ER visits after paying all of their other bills! Money will not buy happiness or contentment on all levels, but it has a HUGE IMPACT on one's life.
“Money doesn’t buy happiness, but it makes you feel more comfortable in your misery” direct quote by my late mother, Myrna Rakofsky (She was a good writer) 🖊️
I remember an 'old Indian saying' (I got it from an old Indian) "when you have two goats drinking from the same stream, the thunder is not heard in the tepee"
No, I don't know what it means either 😄
The saying is never too thin or too rich. I have been thin and poor, and I have been fat and rich. Thin and rich is the best! I have always been suspicious of the saying Money can't buy happiness, but I think that you are right! (I am a boomer and I respect you)
Another thing you will always hear rich people say "i'm self made" but when you get to know a little about them the truth comes out. Oh but my parent are doctors and paid for best college, bought me a new car, gave me down payment for my house or just outright gave them a house because the rich always have rental property. Then say stuff like "work hard and you will make it" most wealth is inherited.
Yeah, I know a rich person like that. Parents (doctor and lawyer) paid for their college education all the way through to their PhD, a new car when they graduated, a large part of their multi-family house (which generates a significant rental income), a second house for them to pursue their hobby "business". Etc, etc.
It's bullshit.
Truth!
My biggest concern as a parent is that my daughter will not have the financial means to cover her safety and comfort due to her healthcare needs once I’ve passed on. Greed will be the death of us here in the States.
Failure of the population to vote to correct this, while they still have the legal power to do so.
Having money gives you so much bargaining power. It gives you independence from your family. You have less people trying to control you once you have money. (Ok sometimes people try to manipulate you when you have money but separate topic). Not to mention people are far nicer to you when you have money. And we sleep better knowing if something bad happened, we have money to help us survive it. I took some risky decisions in my 20s because I had my family's money to fall back on in case thjngs went wrong.
I once heard it said, "wealth doesn't mean you don't have problems. It means you can deal with them more easily."
Agree, I hate that phrase too. "Money can't buy you happiness". Then give it all to me LOL 😂
Its been that way for hundreds of years. Ever since we invented actual currency, whereas prior we had bartering.
Fricking YESSSS! Nicole looks like she is about my daughter's age, and I am so proud of how smart, responsible and grounded this generation is.
Money gives you freedom!
You described it very well. All the studies I have seen that are scientific say that money does increase happiness overall. It does as you said have diminishing returns once you have more than enough but it certainly does make for a happier life. No one who is well to do, ever chooses poor, that I have seen in my lifetime.
I retired at 60,cashed in 401k,started collecting social security at 62. Have no bills,except basics,insurance,power,internet.Yeah I live in a mobile home,but only pay 370.00 a month in space rent.It's just a place to lay my head.I never wanted the 3 kids and a house life,but to each their own. I have plenty of money saved,that I could care less what my power bill will be.If my car breaks down.I'll just buy another one.(If it was major)....Yep, money will make you happy.
Simple. Less is more. I dig it
Nothing wrong with a mobile home. Wife and I got a 40-year old one in late 2020, will have it paid off next year, we've been remodeling it (down to the studs) and should finish next year. We live in the mountains, it's absolutely beautiful here and we'll be able to retire early because of this decision!
@@c0rnd0g_19Yeah agreed,good for you.I live in California,where everything is almost double.I got lucky and found a place right in the middle,just over an hour to ocean or mountains.But yeah,would much rather be up in the mountains.....good luck to you
And, are you happy?
@@bluestripes6037 Yep.....very happy.I couldn't even imagine worrying about rent,or if I'm going to have to choose to eat or pay for bills,electricity,car payment,etc.Or worry about trying to raise kids.I have absolutely no stress.If I get bored,I take a trip over to Monterey,or drive up to the Giant Redwoods in the mountains.
My family didnt have alot of money when I was growing up and my mom always said "Money cant buy happiness" but "You can buy your own kind of misery." Money means you can have options to start out in the best environment possible.
I agree, tuff times in life are more easy to overpass with money. Money give you the opportunity to choose and give you access to ressources.
It definitely affects happiness.
Love your straight talking sensible videos. You are correct having money gives us choices. 🙌
I agree. Money gives you the freedom to choose how to spend your time and energy. You have the option to live where and how you want. Without money all you can do is tread water trying make it to the next paycheck never getting around to that vacation of hobby you were meaning to get to.
Money isn't Evil, the lack of money Is. Some people think the homeless don't want to work. Not true. They want to be paid more than slave wages. Record profits but the number one complaint by management is that labor costs too much. Study labor history. It only changed for a short period in the USA after WWII. After that CEO's took over the companies. The companies used to be run by the owners and the people that actually worked there.
Cher said " I've been 40 I've been 50 , 40's better. I've been poor I've been rich, rich is better"
I am from the US and have wanted to go to Australia since I was a kid. Never could afford it. Here I am many years later and I have saved for 10 years a little at a time and I am set to go in 2024! This dream trip will be epic and totally worth saving for because of the amount of happiness I will receive from it.
I am from Melbourne, hope you would have a wonderful time in Australia!
Yes money affects your level of happiness. I recently heard it like this: No one scoffs at the person who’s hunting to keep his family fed. Money today is equivalent to hunting. Yes, we go to the grocery store to eat. But money brings opportunity that otherwise wouldn’t be had. Making money is today’s hunt. (And if you can grow and get yourself some good venison otherwise then you can also skip the grocery store!)
Any lady wearing a “Minor Threat” t-shirt while playing guitar has my respect and attention. *subscribed*
There are so many women out in the world who can’t afford to leave their abusive spouses. I’m sure they’d agree with you! I’ve been there in the past and money would have been a godsend!
Here’s how money can buy happiness: Money gives you options, options give you breathing room, breathing room gives you control and control can offer you a measure of happiness. Maybe.
-George Carlin
I can't agree more with you! I've heard lots of people who don't have a lot of money say this. And I also think they say it to make themselves feel better. Like you said, rich/sad > poor/sad. And not the 'but with hardly having money I feel so content with what I already have'.
I agree. Money can buy you happiness. Money gives a person options and, most important of all, Money relieves anxiety. Less anxiety means more happiness.
Great video, keep up the good work.
I’ve seen research that says there’s a max to how much money improves happiness. I believe it was several hundred thousand but I’m not sure completely. Anyway since I was completely broke once I always say: money gives options. When you run out of money there are also no options left.
You are so right! Especially about health care in the U.S. About 5 years ago, my husband was in a contractor position so we had to pay for our own health insurance which was $1,350 per MONTH. I happened to need surgery and the cost was about $50,000. It was covered at 80%, BUT we had to pay the $7,500 deductable FIRST before anything was covered. Luckily we were able to afford it, but could you imagine not being able to? That surgery enabled me to see normally and I was THRILLED!!! I would say that money DEFINITELY bought me happiness!!!
I'd also say that life is definitely more enjoyable when you aren't worried about not being able to afford the bills and choosing between no electricity or water!!!
you are so right! I would also add the increase of self-esteem, which in turn affects lots of life areas...
Oh, without a doubt, in this debt driven highly inflated economy, more money 💰 certainly helps.
But no, it alone, will never provide lasting happiness. There's only but so many homes 🏡, cars 🚗, and other things one can obtain before they grow bored.
True happiness is within. Getting to know and learning how to love ❤️ yourself. 😶
It certainly does. It's right there in maslows hierarchy of needs. Having $ means there's no obstacle to obtaining the resources or help necessary to "get happy." A vacation? An assistant? A psychiatrist? Whatever you need to feel better you can literally purchase.
Love your stuff! The old phrase is incomplete. Doesnt buy happiness, for those who dont know where to shop!
My late mother always used to say "Money won't buy you happiness - but at least you can be unhappy in comfort!"
Nicole, "There lying to you or their just a idiot". I love the clarity, keep it up. Youve got a fan.
Money does not buy happiness but it sure eases the pain.
For me it’s about security and knowing that, if I get sick, I have some kind of safety net to help me until I am well enough to work
All of the hobbies I am into always has memes that says some form of (I'll use amateur radio as an example): "Money can't buy happiness, but it can buy radios, so..." I'm glad to see you cover this topic, because those that tend to tell you that money can't buy happiness always seem to have more of both (money and happiness) than the person they are telling it to. And when you try to disagree with the notion, they tend to talk down to you in some manner. The only way that money CAN'T buy at least some degree of happiness is when you have so much of it that nothing is unaffordable! Money is a factor in almost everything; food and health, housing, transportation, clothing, raising kids, hobbies, you name it. It's asinine to utter the phrase when money affects nearly everything in life.
Those hecka nice radios are ‘spensive af.
@@SharpBalisong Sure are! I was listening to a guy who just got his $3000+ radio and $4000+ amplifier set up. The guy has over 10k in antennas. Makes me wonder why, since I can talk all over the world on my $100, 40 year-old radio and homemade speaker wire dipole antennas. I could by A LOT of quality food with what he spent instead of all the near-food more fitting to my income level!
@@TheREALJosephTurner Those old guys sure do love to ragchew about their rigs. Haha.
I've been broke, I've been flush, I've been everywhere in between, but I've never actually been rich enough to not have to think about how to make money or keep track of what I'm spending down to the nickel. The happiest times in my life were when I was free to do what I wanted, when I wanted and how I wanted. Money buys you the things that make you happy.
Things can’t make you happy.
Money takes away SO much anxiety. Not all of it, but enough to make life so much happier and easier. Even horrible situations like losing a loved one or experiencing a natural disaster is made much "easier" (or at least, less difficult) with money to solve the practical issues.
While money won't totally make you happy, it sure helps. It's nice knowing if something breaks or you have to replace something you have the security of taking care of it by simply writing a check. Also having the piece of mind being debt free and having greater freedoms. That makes me happy!
I have a pension and some investments. I have enough money to live modestly. However, I choose to work part time so I can enjoy more discretionary spending. I refuse to work nights, weekends or holidays. I did that for the first eleven years of my adult working life. Having all my basic needs met means I have choices. Having enough money buys peace of mind and security.
“You can’t afford to wait for things to get better before being happy” - spoken by a 18 year old who died from cancer three months later,
I've always said "money can't fix everything but it can make some things easier"...
I agree 100%, & I can't recall ever hearing a low income person say that money can't buy happiness. I feel pretty fortunate to have a stable job, insurance, & a home, but I do rely on public transport. It's gotten stressful, because there's been an increase of crime on public transport, so there's the safety issue, & also a driver/operator shortage. So you have longer waits & more packed buses/trains on top of the safety issue, not to mention weather to deal with.
You are absolutely correct! I’ve said that many times. I’m 73 and money can also save a marriage!
True.
As always, you explain everything very well. The phrase "Money can't buy happiness" is being paraphrased and because of it, the original meaning has been lost. The original phrase, I believe, went something like "Money can buy material things, but real happiness must be truly earned".
I just saw the title and I agree. I have been saying this lately as well, in fact there is so much hypocrisy that goes around in different subject and aspect of life that is insane. In fact there is a famous philosopher in Brazil who says: " Hypocrisy is the base of society, without hypocrisy there is no society" so true.
John Goodman's bit in "The Gambler" echoes these sentiments succinctly.
Great Film 🎞️
Nailed it!!! I have been saying it for years.... mayyyybe having money won't make you happy but being poor is almost guaranteed to make you miserable. Thanks for this video, it makes me feel like less of a voice in the wilderness.
Being poor makes you sick, when you're sick already being poor will make you sicker. I'm chronically ill and blessed my parents are able to help me financially. If I had no help I know if it would be much harder to heal, if even possible.
I think the core of that saying is that happiness comes from within and not the material world. Money can improve a person's quality of life but happiness is a state of mind, ultimately short lived and often fleeting. Studies on lottery winners have shown that they end up feeling the same as they did before winning after about a year, even the ones that DIDN'T piss it all away.
Money is waaaaay more valuable when paired with the perspective to appreciate it.
100% facts.
I paid off my home earlier this year and while I wouldn't say I was struggling before, the freedom to save more, splurge more felt really, really nice. I don't have to worry about the prices going up on everything, because I have freed up more than enough in my budget to be able to cover it. Same goes for the upcoming neighbourhood renovations (refurbishing all the balchonies), I know people who are stressing about the hike in costs and I don't have to worry about it.
I wholly agree with you that money does buy happiness for most people. Sure, diminishing returns is a thing, and of course wild wealth can also create issues, especially negatively affect social relationships. But for the majority of us, an increase of money is going to positively affect our lives.
My husband and I are retired now. We purposely bought a home that was less than the realtor was telling us we could afford. We knew we didn’t want to be “house poor”. We wanted money for hobbies and travel and we wanted our home paid for when we retired. No regrets, we paid our home off a few years before we retired. While some of our friends are retired with mortgages or rent biting into their retirement income we’re completely comfortable with the ability to do anything we want to do.
Congrats to you! I am paying my house off this month. Then I will be debt free! I'm looking forward to the pleasure of no longer having to even think about my debt.
@@bunny_smith congrats right back to you! It's a great feeling, and to get it done at the holidays as well must feel so very elevating. I timed mine to happen around my birthday, so felt like a major birthday present :D
@@paulachristie7807 My wife and I did the same in 2020 (standard mortgage payment is 5.5% of our income). Our house will be paid off next year. Money sure as hell buys happiness, 'cause we'll be mortgage-free in a year! This is one of those things I wish I'd realized earlier in life, but I never was good about "thinking ahead" until my mid-40's.
Spot on again. Money is a tool that will help find happiness. The right attitude or perspective about money certainly helps.
Poor people have said it before too. It's like being in denial of their situation.
I agree with everything you said and fully relate to far too many because I either have experienced them and some I currently do experience. I live in the US and pay for the absolute cheapest health insurance for years and never can use it, I don’t have the money. It is literally for something catastrophic. I try to eat as healthy as possible to keep that from happening. I read up on current health topics, the different diets and even then one says eat gobs of animal fat while the other says no animal products, whole plant foods. You have to be your own advocate. I need a car repair and my once trusted shop was obviously sold and is now run my charlatans. Finding trustworthy help is stressful. I can’t afford to waste money. I need to bring in more money and that thought alone is stressful, it’s pressure I was not raised to address in a comfortable way. A lot of my ability to not get ahead was being raised by well meaning but tentative parents. I’d love you to do a deep dive into the confidence for handing life snd how it differs based on the various styles of upbringing. My upbringing was definitely fear based and while caution, financial planning, cognition and thinking would have been great, I got silence, be safe (don’t try), overthinking of problems so don’t try (again). All and all my upbringing hindered my ability to thrive and I struggle to get beyond this at nearly 60 years old.
Happiness can be achieved without much money,.... only(if you are single) not worrying about money works wonders. LOVE. PEACE. God Bless
Yes, how much money I have available affects my happiness. When I have some money I like to pay my bills as soon as possible. When I don’t, I stress out waiting for paydays. Due to my wife needing an expensive dental procedure last summer I had to put it on my charge card since I ado not make a lot of money. I know it’s going to be at least a couple of years before I can pay it off-stressing me out the whole time.
Straight talk 👍🏻! Loved it!
Money makes life easier in every way.
You have a solid argument. I certainly can't think of any advantages of being poor!
I teach in a very low-income community in the US. There is a lot of stress associated with food insecurity, inadequate housing (or no housing at all), and unsafe neighborhoods. People can create and experience joy in any circumstance and they do, but the compounded stresses pay a toll. There are even studies showing that brain development in children is severely impacted.
Money equals freedom
I love the worn out mantra “you are limitless, you’re coming from a place of lack, don’t limit yourself” often spewed out by New Age gurus who run law of attraction and manifestation workshops that cost thousands. You know who I mean.
I was just thinking about this. My parents passed away recently, so it's been a very sad and stressful time regardless of money ... but every time an expense has come up either for end of life care or funeral arrangements I couldn't help but realize just how fortunate I was that my family had the means to plan for these events. My parents had a plan and had money designated for those expenses (which they also set it up so as that it was easy for me to access when needed). I really feel for anyone who is going through that type of loss but has to deal with the stress of paying the (very high) costs associated with death because if my my parents hadn't been prepared I certainly could not have come up with the funds in my own to give them the care and memorials they deserve. It's heartbreaking to think that's what so many people go through on top of an already terrible loss.
So they say money can't buy happiness, Yeah they dont know were to shop.!