Why Money CAN Buy You Happiness

Oct 10, 2022

Author: Elle Miller

If money doesn’t make you happy, you’re probably not spending it right. 

Do you agree?

Money has a bad reputation these days. It’s become shorthand for greed, excess and materialism but money is simply a tool that can be used for good or ill. It’s up to us how we use it, and what we do with it.

Money is a tool, just like any other. The best tools are those that help us achieve our goals and increase our happiness. The more we use them for those purposes, the happier we will be.

In my experience, if you want to be happier with your life, money can buy it for you – only if you know how to use it!

The research shows that people who spend more than $100 on a meal for two are happier than those who spend less than $25 on a meal for two — even though both groups ate the same food and experienced the same pleasure from eating it. It’s not just about how much money we have but how we spend it that matters most. 

Ali Abdaal, a medicine graduate and youtuber focusing on content to help people lead happier, healthier, and more productive lives, recently discussed an exciting journal in his last video. The video dove deeper in a scientific journal published by Harvard University, University of Virginia, and The University of British Columbia.

It explores different ways we should be spending our money to have a better, more fruitful, and happier life. Here are the 9 tips he shared in his video.

  1. Spend on experiences over things
  2. Spend money on friends
  3. Spend money on health
  4. Spend money on small things rather than big ones
  5. Delay consumption whenever possible
  6. Spend money to buy back your time
  7. Spend money to remove salient negatives
  8. Spend money on things that enable interesting activities
  9. Spend money on charity

If spent wisely, there’s no doubt that having more than enough money makes me feel secure and safe. When I was growing up, my parents had very little money. They worked hard and scrimped on everything so they could send me to university — which I am eternally grateful for.

I was able to create more wealth when I discovered the opportunity of digital assets. 

Joining Breakout Solutions helped me navigate the opportunity of a lifetime. I didn’t have to go through all the scams, overwhelming information, and difficult to understand technology. 

I changed my life. 

Today, with the right mindset, strategies, and action, I am able to create abundance. 

Instead of focusing on surviving and living paycheck to paycheck, I can finally use this tool to better my family’s and my life. 

While I’m still far from the goals that I’ve set, I can truly say that I am happy.

That is a great breath of fresh air and I love that I can focus on my mission now. 

Check out Ali Abdaal’s full video here:

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