Does Money Make You Happy?

Human existence is meaningless, if it is devoid of human happiness.

Since time immemorial, man has been searching for happiness. Many believe that human wisdom holds the key to ultimate success in the quest for happiness. Hence, the pursuit of wisdom is also as old as age.

Happiness is like a carrot-and-stick to a mule—forever unattainable: the more pain inflicted on the mule, the greater desire it shows to reach out for that unreachable carrot in front. Maybe that explains the painstaking pursuit of happiness by many. Indeed, happiness is not only abstract and intangible, but also elusive and evasive.

Happiness comes in many different forms. What happiness to one individual may not be happiness to another—just as one man’s meat is another man’s poison. Happiness is uniquely personal. In addition, even if it is attainable, happiness comes and goes, just as day and night. Furthermore, no matter what, happiness has to come to an end with the expiration of life.

It is human nature to seek happiness by any means, and human wisdom is considered the most appropriate way to attaining human happiness. During the brief lifespan, humans seek their own wisdom to help them pursue their happiness that may come to them in many different forms, such as wealth, good health, satisfying relationships, successful careers and endeavors, and among others.

Sadly, the many different forms of happiness that most people crave and pursue in their lives may not bring them true and lasting happiness.

Why not? It is because there are certain myths about true happiness.

One of the myths is that happiness is about experiences. Accordingly, many use money to buy those pleasant life experiences, such as going on a vacation, throwing a party, or buying an expensive dress. The memories of those happy life experiences in the past, as well as the thoughts of those happy moments to be repeated in the future—both are unreal: the past was gone, and the future is yet to come. So, the happiness created by those memories and thoughts in the human mind is unreal and self-delusional at best.

Another happiness myth is that most happy life experiences have to do with sensual sensations, which are based on pleasures derived from the five senses: sight, sound, smell, taste, and touch. But sensations can provide only sensual pleasures—such as the excitement of new experiences, the thrill and passion of sex, or the delights of a fine meal—they last only a brief moment or two, and they do not contribute to true and lasting happiness.

The truth of the matter is that all your wonderful life experiences are only to be enjoyed, and then to be let go of, just as a delicious meal is to be enjoyed, savored, and then to be digested, and ultimately eliminated from the body. So, the continuous quest for happiness is elusive and evasive, just like chasing the wind.

The truth of the matter is that happiness is but a state of mind, and that is why it is abstract, intangible, and unattainable. It is all in the mind’s eye—just as John Milton, the famous English poet, says in his masterpiece Paradise Lost:

“The mind is its own place, and in itself

Can make a heav'n of hell, a hell of heav'n.”

According to the Harvard Business Review, money and happiness are not positively correlated, because wealth may make people less generous and more domineering. In addition, money may not bring out the best of an individual: the more money that individual has, the more focused on self that individual may become, and so the less sensitive to the needs of people around, as well as the more likely to do all the wrong things due to the feeling of right and entitlement.

An illustration of going from riches to nothing

Barbara Woolworth Hutton, also known as “the poor little rich girl”, was one of the wealthiest women in the world during the Great Depression. She had experienced an unhappy childhood with the early loss of her mother at age five and the neglect of her father, setting her the stage for a life of difficulty in forming relationships.

Married and divorced seven times, she acquired grand foreign titles, but was maliciously treated and exploited by several of her husbands. Publicly, she was much envied for her lavish lifestyle and her exuberant wealth; privately, she was very insecure and unhappy, leading to addiction and fornication.

Barbara Hutton died of a heart attack at age 66. At her death, the formerly wealthy Hutton was on the verge of bankruptcy as a result of exploitation, as well as her own lavish and luxurious lifestyle.

Barbara Hutton was the unhappy poor little rich girl! She was widely reported in the media, and her story was even made into a Hollywood movie: “The Poor Little Rich Girl.”

An illustration of going from rags to riches

Christopher Paul Gardner is an American businessman, entrepreneur, investor, author, and philanthropist. In the early 1980s, Gardner was very poor and homeless; he was often sleeping on the floor of a public toilet. Gardner never dreamt that he would become a multi-millionaire one day. His very inspiring life story was even made into a hit Hollywood movie, starring Will Smith: “The Pursuit of Happyness.”

Gardner was brought up with the belief that he could do or be anything that he wanted to do or be. He was homeless, but he was not hopeless. He often dreamed of wealth and success, and his dreams were not mirages. Because of his right doing, he made his dreams come true.

Initially, Gardner made his living by selling medical equipment. He did not make enough money to make both ends meet, and his poverty made him homeless for a year.

Then, one day, Gardner met a stockbroker in a red Ferrari, who offered him internship because of his incredible drive and sustained enthusiasm. He had a successful investment career, and he subsequently opened his own investment firm, Gardner Rich & Co.

More than two decades later, after the death of his wife, who challenged him to find his own true happiness and fulfillment in the remainder of his life, Gardner then made a complete career change. He became a philanthropist and a remarkable motivation speaker traveling around the world, focusing not on his own wealth, but on humanity and helping others to get their happiness.

According to Gardner, life journey is always a process of lesson learning and forward moving:

“People often ask me would I trade anything from my past, and I quickly tell them NO, because my past helped to make me into the person I am today.”

“On that life journey, mental focus is essential: focusing not just on the big things in life but also on the small things as well; appreciating what you have rather than dwelling on what you lack.”

       

“What seems like nothing in the eyes of the world, when properly valued and put to use, can be among the greatest riches.” 

“Wealth can also be that attitude of gratitude with which we remind ourselves everyday to count our blessings.” 

“The balance in your life is more important than the balance in your checking account.”

According to Gardner, everything begins with self-belief and doing.

“I just wanted to make a million dollars. But I couldn’t sing and I couldn’t play ball, so I said to my mother, ‘How am I going to make a million dollars?’ And she said to me, ‘Son, if you believe you can do it, you will.’” 

“It can be done, but you have to make it happen.” 

The above illustrations show that money can make you happy or unhappy, depending on your money values, and how you apply them to your daily life and living—that is, your money wisdom.

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NORA WISE

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