I came across an excellent article in this weekend’s FT written by Jason Butler titled “Money can mean happiness – if it’s spent well”. I found his view very insightful. The suggestion is to use the money you have (regardless your wealth level) wisely to enrich your life and deepen your relationships in a meaningful way. The extract from the article below “speaks” for itself.
“There is also evidence that spending money on life experiences, rather than material possessions, makes you happier. This is because we remember experiences longer than the initial excitement of acquiring something.”
“You are likely to be happier spending money on others to strengthen personal relationships, or give money to causes aligned with your values.”
“Your self worth is not determined by your net worth, but by the quality of your personal relationships, your life experiences and the meaning you derive from your existence.”
Well said!