Money and Happiness: A Life-Changing Guide on How to Live a Happy and Fulfilling Life
By Grace Scott and Bruce Walker
5/5
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About this ebook
What Do You Want Out of Life?
Most people would say something like, "I want to be happy and have a lot money,"
it's so ubiquitous that it doesn't mean much. Here is a more interesting question, a question perhaps you've never considered before , Can we be happy with no or very little money?
Why are we so obsessed with money? Because that seems to be a greater determinant of how our lives turn out.
Money can only buys a certain kind of happiness
We've all heard the saying "money can't buy happiness", but what does it actually mean? We often think that if we have all the money to buy the things that we want, take a dream vacation, and live in our dream home, then we'll finally be happy. However, money comes from working. We often have to work enough to earn a high income and that often associated with long work hours, and with very little time to spend with loved ones and doing activities that we enjoy.
This lack of time can have a negative impact on social relationships, and with less time to spend the extra money, this can actually make us more miserable.
The truth is that you can have all the money but we can't buy the escape out of an illness. Most of us are not aware of it when we are healthy, because we are so busy doing our daily chores and as time goes by, we forget what is important for us and that have all kinds of negative consequences to our psychological well-being.
In This Book, You Will Discover..
• The Connection Between Money, Values and Priorities
• Undisclosed Clues from People Who have Gone before us
• Top Nine Regrets of Patients that are at the end of their Life
• Power of Reframing - a Skill that will Serve you a Life Time
• The Truth about Happiness – Spending Alignment
• The One Thing that you have to Focus on if you want to be Happy
Grace will teach you how to shift your beliefs about money, using the power of reframing, and how to spend in line with your values, so you can spend money and feeling happy and fulfilled
about yourself.
Would You Like To Know More?
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Grace Scott
Grace Scott was born and raised in Vancouver, BC, Canada in the year of 1979. She held a bachelor of Arts degree with exceptionally high honors. Grace Scott published one of her bestselling book "The Power of Not Caring" in the year 2013. Her works also included "The Materialistic World". In 2014, Grace Scott launched two of her new books "The Comparing Game" and "The Secret of Creating Your Reality". Grace Scott is a wise and gentle spiritual teacher living in Vancouver with her 3 loving cats. Grace hoped to change thoughts and lives of people with her unique way of teachings in her books. Grace Scott has also been helping and inspiring countless people to find peace and love even in the most extreme circumstances. Grace believed in celebrating life and accept every single day with gratitude and love. She also believed that everyone deserved to live with joy, release struggle, experience peace, love, and abundance in everyday lives.
Read more from Grace Scott
The Comparing Game: Escape the Comparing Paradigm, Embrace your own Uniqueness, be your True Self Rating: 5 out of 5 stars5/5The Materialistic World: Escape Materialism. Refocus on what is Truly Important. Discover Real Joy Rating: 5 out of 5 stars5/5
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Reviews for Money and Happiness
5 ratings4 reviews
- Rating: 5 out of 5 stars5/5I made more than 180k a year, but I am not as happy as most people think. Love this book~
- Rating: 4 out of 5 stars4/5Interesting read! I wish I knew some of the concept in the book earlier.
- Rating: 5 out of 5 stars5/5This book inspired me to create my own emergency fund and get myself together financially. The authors explain how and what we need to do and gives good reasons why from financial, quality-of-life and psychological perspectives. I have learned a lot from this book.
7 people found this helpful
- Rating: 5 out of 5 stars5/5Full of scientific insight into the connection between money and happiness. Even better, the author explores real-life situations where you can implement the ideas in the book in every single chapter. If you have been concerned about the relationship between your money and your happiness, this is a recommend!
6 people found this helpful
Book preview
Money and Happiness - Grace Scott
Introduction
––––––––
This is a question I always ask people..
Would you rather have your eye sight or to have 1 billion dollars?
Most people would say that they want to have their eyesight to see things. The ability to see seems way more important. That is actually true.. but here is another question.. Why can’t we be happy like we have a billion dollars?...
––––––––
If you’ve heard it once, you’ve heard it a million times.
Money can’t buy you happiness. That’s what everyone says. Well, at least that’s what those of us with no money try to convince ourselves.
Instead of looking at money for our happiness, many times we’re told to look at everything we do have and take delight in the world around us. We’re told to stop and smell the roses. We’re told to slow down and happiness, like a butterfly, will come and stop and fill you with happiness.
We’re told to count our blessings, to be grateful for the things we do have.
I’m not belittling any of these courses of action. On some days there’s always one that makes me feel relatively better. But none of them seems to completely cure my curiosity.
Can money buy happiness?
Yes, I’m well aware that there are depressed, sad and unhappy individuals in every walk of life, across every end of the economic spectrum. There’s the older woman who never had much money, attends church weekly and tithes diligently. There’s the middle-aged man working 50 to 60 hours a week to provide the best of everything material for himself and his family who couldn’t tell you the last time that he felt happy.
The problem is that the question: can money buy happiness is an inherently simple question. One that has no simple answer. In fact, the question itself only ignites a discussion of its own.
There are people on one side who say Maybe, but it depends on what you value in life.
There are those who say happiness is actually irrelevant, hate their jobs, but work without a feeling of either joy or satisfaction, simply because they have an overwhelming love of money. For these people, no amount of money will make them happy.
But the truth of the matter, research, especially in the last twenty to twenty-five years, seemed to confirm this now conventional wisdom. Sure, there exists a correlation between money and happiness, but that correlation begins to break down the more money an individual makes. Those individuals who don’t have enough money to even cover their basic needs and expenses may not be very happy at the moment.
It’s hard to maintain happiness when you’re worried about how you’re going to meet your next mortgage or rent payment when you’re behind on the car payment and concerned about repossession. It’s difficult to stay happy when you’re worried about what you’re going to feed your family until payday.
But, once you’ve reached the level of income in which you can meet all of those basic needs, you can let your guard down and experience happiness. So, using that as our guideline, most of us would assume that if a little money buys happiness, a little more money buys a little more happiness.
Makes sense, doesn’t it?
Ironically, that doesn’t appear to be the case. What years of research have shown is that once your income rises to meet your minimum needs, mortgage, car payment, household items to name a few, the correlation or relationship between financial well-being and emotional happiness is weak, to say the least.
And many of us already knew that. But now, psychologists have thrown another set of variables into the equation. If possessing the more money doesn’t make you any happier, what if how you spent your money play a role?
That’s fast becoming the main focus of money and happiness. Could it possibly be if you spent your money differently it could spell the difference between ennui, fatigue, and general dissatisfaction with life and experience true happiness?
According to an abundance of recent studies, the answer is becoming a louder and louder yes! According to a study in the journal, Psychological Science, conducted by researchers at the University of Cambridge (England).
These researchers scrutinized the financial records of bank customers. What they discovered surprised them. There was a significant link
between their spending habits and patterns and their levels of happiness.
They culled 76,000 different transactions from 625 participants during a single six- month period. What they discovered was amazing. The odds show that those individuals who their money on items that resonated and suited their personalities were overall reported great levels of satisfaction than the others.
Here are just two examples of what the researchers mean by that interpretation. Those who were extroverts, social-loving, people loving individuals, enjoyed, more than anything else it appears spending their money on entertainment and travel.
Introverts, on the other hand, those who kept to themselves more and perhaps were even considered to be shy enjoyed paying home insurance and accountants’ fees.
The researchers, though, didn’t allow it to rest there. They asked those who took part in the experiment to go through a personality test. In this way, the researchers were able to match the purchases of participants to what psychologists call one of the big five
personality types. The personality types are as follows:
1. Receptiveness to experiences (artistic versus traditional)
2. Level of conscientiousness (their efficiency and organizational thoughts as compared to their easy-going manner or even their degree of carelessness.)
3. Neuroticism (Sensitivity and nervousness compared to their being calm and confident)
4. Level of extraversion or the person’s balance between being outgoing and the desire not to participate in anything at all.
5. The degree of agreeability (their compassion versus their competitive nature
Easygoing or even careless manner)
All of these personality breakdowns aided the researchers in determining the true values of the participants in the study. In this way, they were better able to interpret not only what the individuals liked, but if their spending habits aligned with their
tastes. And if so, what did that say about their happiness factor?
The results were nothing less than amazing. It appears that certain purchases for certain personality types, did indeed, make them happy. Consider this, one gentleman in the study believed in being highly organized and prided himself on his self-discipline. This placed him high on the conscientiousness scale. It’s little wonder that he spent more than $200