Sunday, May 13, 2007

Yes! Money can buy you happiness.

‘Money can't buy you happiness, but it can buy you the misery you enjoy most.' It's an old joke, but studies show money can buy happiness, and it's obvious money can rent you love.

As the madam says "What a business. You got it. You sell it. You still got it."

In his 1943 paper "A Theory of Human Motivation" Abraham Maslow presented a Hierarchy of Needs that affect humans. The first two, psychological and safety, require a modicum of financial resources. Without money you can't afford a place to live, or food to eat. The second step, safety, includes, Physical security, safety from violence, delinquency, aggressions' Security of employment Security of revenues and resources, Moral and physiological security, Family Security, Security of health, Security of personal property against crime. Most of that requires money. Maslow's last three steps, love/belonging, esteem and the ultimate goal, Self-actualization, are not affected by money, only mental growth.

Researchers in England have shown that money can buy you happiness. "We found a strong link between financial windfalls and being happy and having much better psychological health" Professor Andrew Oswald, University of Warwick.

In a study of nine thousand families during the 90's researchers found more money is better than less.Oswald continues, "Overall the more you get, we find, the cheerier you'll become. Large sums are better than small sums." That doesn't mean a small increase is not valuable. "A small amount of money is not going to solve a major health problem or solve a major psychological problem. But it's true, we can detect even quite small windfalls . . . begin to show up in our statistics on our psychological well being."

Money may be ‘the root of all evil' but it is also helps you to achieve happiness. Happy people are more likely to find love, it's hard to love a grump.

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