Can Money Buy Happiness?
Some claim that money could never buy happiness. What none of these studies have done, however, is to use quantitative analysis to answer this critical question.
I want to shed light on this question, by combining my personal financing data with my happiness tracking data.
Does Money Buy Happiness Does money buy happiness is a question that can have multiple answers. An individual’s happiness can be defined as their state of mind, level of contentment, or result of satisfied experience. It is tough to say whether or not money can buy happiness because happiness is difficult, if not impossible, to define. Some would say that money can provide you with basic comforts (shelter, food. Money is one of the most important things in our lives, next to food to eat, a home to live in, and ways to get from here to there but with all of those things, you need money. So that’s where the “money can buy happiness” phrase comes in because people think that since money can buy everything else then it can easily buy happiness also.
I will try to find the exact answer to this challenging question by looking purely at my data. Can money buy happiness? In addition to my personal happiness, I have also been tracking my personal finances!
What does that mean?
Well, I have kept track of every single penny that I have earned or spend. I started doing this when I landed my first job as an engineer, back in I was already tracking my happiness at the time. Therefore, I am now able to combine these two personal databases, to show you how my finances have influenced my happiness for the past 3 years!
But first, let me briefly walk you through a little background. I started my career after the summer of as a 21 year old guy. My financial situation can therefore be quite different than yours. For example, I have lived in multiple places during this entire time, but I mainly stayed at home with my parents.
I have never consistently paid for a mortgage or rent for longer than a few months, so housing costs are not included in this analysis. Therefore, the results of this analysis might not necessarily be applicable to you.
As I grow older, my personal observations and happiness factors might also shift. Only time will tell. It might be interesting to revise this analysis after another couple of years.
I am very conscious with spending my money. Some of my friends call me frugal.
A person is considered financially independent when a passive income can cover the entirety of your expenses. This passive income might be produced by investment returns, real estate or a side business. The concept of financial independence is explained in much more detail by Adam over at Minafi.
I believe a great introduction like this can change your life.
A lot of people who become financially independent quit their jobs and enjoy a lifestyle free of stress. This financial mindset is not strictly about retiring early or spending the smallest amount of money though. If I truly live according to this principle, then money should really buy me happiness.
I try to spend money only on things that make me happy. My financial timeline I have been tracking my personal finances since the day I started earning an honest salary.
This is a great way to maintain healthy financial habits. An online friend of mine, Ms Frugal Asianis doing the same thing, and is always looking for ways to improve her finances.
For example, she keeps track of all her food expenses in monthly reports. Even though food expenses are obviously critical and hard to get rid of as a whole, she is still keeping track of every single penny. As a bonus, tracking these expenses has allowed her to get a better understanding of the true value of these food expenses.
In my opinion, that is more than enough reason to also start tracking your expenses. Below you can see a timeline of all my expenses, from the day I started tracking my finances.
This is a wide graph, so feel free to scroll from left to right! You can learn quite a bit from this chart already. You can see how my expenses are distributed, and how much money I roughly spend per year. As a 24 year old dude, I believe my expenses can look very different from yours.Jun 12, · A List Of Powerful Argumentative Essay Topics On Money Can Buy Happiness The idea that money can buy happiness runs against the grain of a lot of moral lessons we’ve been taught.
It suggests a certain degree of self-centered behavior and indifference to the poor. Jun 12, · A List Of Powerful Argumentative Essay Topics On Money Can Buy Happiness The idea that money can buy happiness runs against the grain of a lot of moral lessons we’ve been taught.
It suggests a certain degree of self-centered behavior and indifference to the poor. Happiness is a difficult word to define.
Everyone possesses different perspectives of happiness from their own experience. Some people would say money can buy you happiness because they presume. Your argumentative essay on if money can buy happiness should start with an effective attention grabber because it easily evokes readers’ interest.
Inserting a question that will be answered in the main body is one of the best methods to do it. How to Start an Essay on “Can Money Buy Happiness” When writing an essay of any kind, the first step involves organizing the content and the ideas.
However it is crucial to know what student is writing about. money can buy you happiness Essay Words | 4 Pages. Money can buy you happiness. Discuss with references to the theory and some empirical evidence on the issue.