avatarS M Mamunur Rahman

Summary

The article discusses the relationship between money and happiness, questioning the obsession with wealth and suggesting that beyond a certain point, money does not guarantee a happier life.

Abstract

The article "How Much Money Will Shut Your Mouth?" delves into the societal fixation on money, acknowledging its necessity for a comfortable life while challenging the notion that more money equates to more happiness. It references Aristotle's philosophy that happiness is an end in itself and not solely dependent on financial status. The author points out that despite the allure of wealth, as exemplified by the attention given to billionaires like Elon Musk and Bill Gates, money has its limits in providing peace and solving life's complex problems. The article cites a Princeton study by Kahneman and Deaton, which suggests that emotional well-being plateaus at an annual income of about $75,000. It encourages readers to determine their own "happiness income," the amount of money that allows them to live without financial stress while emphasizing the importance of focusing on happiness, peace of mind, and overall well-being rather than endless wealth accumulation.

Opinions

  • Money is essential for basic needs and comforts but should not be the ultimate goal in life.
  • Obsession with money can lead to an unhealthy focus on wealth accumulation at the expense of personal happiness and peace.
  • Financially successful people may not necessarily be successful in all aspects of life, as money does not guarantee happiness or problem-free existence.
  • The pursuit of money often overshadows the importance of helping others, with charity sometimes serving as a means to avoid taxes rather than genuine altruism.
  • Individuals should strive to find their "happiness income," the level of financial stability that allows them to live comfortably without constant stress.
  • The article advocates for a balanced approach to life that includes physical, mental, and spiritual wellness, rather than a singular focus on financial success.
  • It suggests that readers should avoid the "rat race" and the blind following of millionaires and billionaires, instead encouraging them to live authentically and choose their own path to happiness.

How Much Money Will Shut Your Mouth?

Ask yourself a few questions and be clear about the rest.

Photo by Sharon McCutcheon on Unsplash

You are obsessed with money, aren’t you?

Money pays your bills. It pays mine too. It makes you smile, builds your confidence, and elevates your position in society. It is a must when — you plan for marriage — your child gets sick — or your wife demands a diamond necklace.

Money can buy nearly everything, including mansions, fame, attention, and power. Who am I to ignore the value of money?

But then comes the ultimate question — how much money do you need to live a happy and peaceful life? Because according to Aristotle, happiness is the central purpose of human life and a goal in itself.

I’m curious

When you see the name of Elon Musk, Bill Gates, Jeff Bezos, or Warren Buffet, why do you stop to have a look? Why do you care so much about ‘financially’ successful people?

Why this obsession with money? Ask yourself.

The Internet inundated itself with tons of money-making articles based on numerous success stories. It says how you can earn more following the techniques those people used in their life.

Of course, you can follow the tips, read the books they read, build the habits they have, represent yourself as they do. Most importantly, with persistent efforts and sacrifice, you can attain financial success as they have achieved.

But then, what? Will your search for more stop?

Photo by Emily Morter on Unsplash

Why do you earn money?

You earn money to live a decent life. It is a great thing to have a standard lifestyle. Money gives you choices. Having more money means more options to choose from what you want.

But can it be the ultimate goal of your life?

Remember, financially successful people may not be successful in life as money cannot guarantee happiness and peace of mind.

Never think that all your problems will vanish away when you have a huge amount in your bank account. That’s not going to happen. It can help you to solve problems quickly but cannot guarantee peace and happiness in your life.

Everyone — irrespective of their financial conditions — has their fair share of problems. And more money cannot solve all the complexities life offers.

It can give you more power to buy some fancy-expensive-stuff you don’t need. Moreover, if you have a decent mind, you can help others with your money as well. But that’s a rare possibility.

People generally don’t earn more to help others. They want money for themselves. Sometimes they do charity. But most of the time, they do it only to escape the taxes. It’s hard to believe, but it’s true.

Note Find out why you should earn more money. Have a clear idea before joining the ugly rat race.

What is your happiness income?

To become happy, we must make sure that we are not struggling to maintain our day to day life. A decent amount of money can free us from that stress. And we all love the mental freedom money provides. But the question is, how much money will make us happy?

A study by Princeton researchers Daniel Kahneman and Angus Deaton found that people tend to feel happier with the more money they make until they hit a certain amount. They estimated the amount to be about $75,000 a year per person.

You can rely on that study or set your happiness-income yourself. But please don’t focus too much on the money. Focus on happiness and peace of mind.

No one’s life purpose can be earning more and more. It’s not a healthy thing to do. Focus on happiness — find your inner peace — enjoy your day to day life.

Consider your physical, mental, and spiritual wellness to achieve harmony and balance in life.

Note Find out your happiness-income. Don’t compare your financial position with others. Focus on happiness and peace, not on money.

Photo by Matheus Bertelli from Pexels

Final thoughts

Why do you earn money? What is your happiness-income? How much money will shut your mouth?

Ask yourself these questions to find out the answers Try to understand your life better before blindly joining the rat race for earning more. Stop copying other millionaires or billionaires. Don’t ruin your present moment. Don’t pollute your minds.

To have a meaningful life, focus on happiness and peace of mind. Be yourself. Take advice from many, but then choose your path wisely.

Let happiness and peace heal your inner-self.

Thank you for reading!

If you are interested to know more about happiness, the following articles may help you.

Money
Happiness
Happiness In Life
Money Mindset
Self Improvement
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