They say money can’t buy you happiness and there is evidence that once income reaches a certain level people really aren’t getting much happier with more income.
There is something to be said about the perils of envy. People are less happy when their friends move to Kensington Park Gardens rather than be really happy and grateful they don't suffer in Dharavi.
I would be curious if the definition of "happy" included the sense of security. Wealth and income can create financial stability which, throughout my financial planning career, may make one happy.
Sharing one of my favorite money quotes: “When I was young I thought that money was the most important thing in life. Now that I am old, I know that it is.” -Oscar Wilde
Another reading suggestion: The High Price of Materialism by David Kasser (on the correlation between wealth and happiness).
A good friend once said: "Money doesn't make you happy, but having no money at all makes you unhappy..."
Man, i can’t keep up with your book suggestions :-)
That's one of the reasons why my colleague nicknamed me The Researcher..-:)
This was the observation of Tocqueville during the 1800s, and is beautifully expressed in this documentary:
https://www.youtube.com/watch?v=t1MqJPHxy6g&t=4s
There is something to be said about the perils of envy. People are less happy when their friends move to Kensington Park Gardens rather than be really happy and grateful they don't suffer in Dharavi.
I would be curious if the definition of "happy" included the sense of security. Wealth and income can create financial stability which, throughout my financial planning career, may make one happy.
Sharing one of my favorite money quotes: “When I was young I thought that money was the most important thing in life. Now that I am old, I know that it is.” -Oscar Wilde