Does money really matter in life?
Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education. You don't necessarily need to be Bill Gates or have a lot of money to pay for these things, but you will need some money until the day you die.
It is just a tool that can help us achieve our goals. It cannot buy us love, good health, or happiness. However, it can provide us with the means to access the resources necessary for these things. In conclusion, the importance of money cannot be denied in today's world.
Keys to survival that money buys have always been at the foundation of well-being. In Maslow's hierarchy of needs, the only factors more important than financial security per se and physical safety are our physiological needs for air, water, warmth, and rest — all of which are increasingly dependent on money as well.
You may not need a lot of money to live a rich life
Research backs up the idea that more money doesn't necessarily equate to greater happiness or fulfillment. The most important factor in keeping our lives happy and healthy is positive relationships, according to an 85-year-long Harvard study.
Most people say it because they don't have money, or because they struggle to make it. So it validates them not having much. Others say it because they're aware of more important things that matter to them in life than money.
The bottom line is that if you can’t be content, you’ll never lead a rich life, no matter how much money you have. The key to money management—and happiness—is being satisfied. It’s not how much you have that makes you happy or unhappy, but how much you want. If you want less, you’ll be happy with less.
A world without money will require an extremely ideal approach as when people are stripped of the incentives of activity, they choose to not participate in the activity. If workers receive no rewards, they will not work. But this will not eradicate any of the human needs crucial to the survival of humanity.
For many people, the value of love goes far beyond anything that can be bought. After all, people aren't expendable, and they also aren't on this planet forever. At the same time, money is necessary, and it can fulfill some of your desires.
One of the main reasons why you shouldn't worry about money is that your stress is unlikely to achieve anything. Financial stress can be incredibly difficult to set aside. It often results in a loss of sleep, a breakdown in your relationships and other negative effects like mood swings.
Reconciling previously contradictory results, researchers from Penn and Princeton find a steady association between larger incomes and greater happiness for most people but a rise and plateau for an unhappy minority.
Is money the end goal of life?
MONEY IS NOT A GOAL
In other words, money is a means to an end but can never be an end itself. That's why when people look back on their lives from their deathbeds, they never regret not spending more time with their money or ruining more relationships to get more money.
The mindset is living to work because the product is the focus of their existence. An entrepreneur lives to work because they must put 100 percent of their energy and time into building their business. Entrepreneurs are usually doing what they love. As the saying goes, “Do what you love, and the money will come.”
When asked what it takes to lead a fulfilling life, the public prioritizes job satisfaction and friendship over marriage and parenthood. Some 71% of all adults say having a job or career they enjoy is extremely or very important in order for people to live a fulfilling life.
While money and fame can hold significant importance in society, there are several things that are often considered more important: 1. Health and Well-being: Without good health and well-being, money and fame lose their significance. Physical and mental well-being are essential for leading a fulfilling life.
When we focus on wealth, we engage in social comparison, which lead to feelings of jealousy, low self-esteem, and inadequacy. Social comparison can effect our sense of well-being, causing us to act negatively and live an unfulfilled life. We must find ways to avoid comparison, and rather focus on what makes us happy.
They say love is the best feeling in the world and that those who are lucky enough to experience it are the happiest people in the world. That money should never be compared to love because love is endless and money can't buy love.
For example, a study published in the journal Social Psychological and Personality Science found that people who prioritize money and material possessions over social relationships are more likely to experience loneliness and social isolation.
Happiness depends on multiple factors, including personal values and needs. Income levels can positively or negatively impact both happiness and stress. Gratitude for other areas of life can create feelings of happiness regardless of a person's financial situation.
Many millionaires, in particular those on the high end of the seven-figure income scale, are indeed happier than most of us nonmillionaires.
Well, some people can! Living without money runs counter to most of our cultural understandings of success and happiness; however, it is a choice that more and more people are leaning towards.
How many people live without money?
The study found that a staggering 2.7 billion people could only cover their basic needs for a month or less without income, and of that number, 946 million could survive for a week at most.
Yes, a society without money could theoretically exist. Such a society would likely operate on a system of bartering or mutual aid, where goods and services are exchanged directly between individuals based on need and availability.
One interesting stat from the report showed that 64% of single women said financial stability is the second most important characteristic they're looking for in a partner, right behind honesty and integrity.
Money is important, but it cannot replace the importance of relationships in our life. Relationships provide a level of emotional and social support that cannot be obtained through money, whether they are with family, friends, or love partners.
While wealth may not guarantee happiness, some assets may help to create relationship assurance. Studies also show that marriages between lower-income couples were impacted more significantly by stressful life events and mental health concerns than marriages of more wealthy couples.
