Why Our Happiness is Money-Wired Wrongly

Is money really the key to happiness?

Photo from iStockPhoto

Resist Social Comparison

The Ebbinghaus Illusion. (from Wikipedia)
brain doodle
brain doodle
When it comes to money matters, our brains are inherently wired to think wrongly.

People would prefer to earn less money as long as they made more than their peers rather than make more but have less than their peers. — Solnick & Hemenway

And it doesn’t stop there. The concept of reference points and social comparison further extends to our grades, physical appearance, and our relationships.

“The concept of reference points and social comparison further extends to our grades, physical appearance, and our relationships. All these can easily define our way of thinking – and eventually, our perspective of happiness.”

Seek Time Affluence

person writing on top of a mountain
person writing on top of a mountain
Time affluence is the feeling that one has sufficient time to pursue personally meaningful activities (Photo from Unsplash)

Experiential purchases, not material ones, make a person feel more alive and less vulnerable to social comparison.— Hill

Even the sole act of thinking about time makes you happier than thinking about money. It is known to boost the drive to socialize and mingle with other people which in turn leads to increased happiness levels. If affluence is our end goal, let it be of time rather than money.

Rewire Your Happiness

You may have heard of stories of millionaires and celebrities that are depressed despite amassing the wealth we so seemingly yearn. Money, one way or another, has led them down that road through the our inherent understanding of it. That gold pot at the end of the rainbow isn’t all there is to life. Money is a great tool but never the end goal.

Money is a great tool but never the end goal.

Electrical Engineer | MBA | Public Speaker | fb.com/TheLeoInvestor