Saturday, November 17, 2007

If Money Doesn't Buy Happiness But Happiness Gets Money What Do You Use The Money For?

Mind Hacks looks at the relationship between money and happiness "The relationship between money and happiness:Newsweek has a brief article on what research has told us about the link between money and happiness. Essentially, more money makes you happier until you're comfortable, and then, it really doesn't do much good. "

Another blog post from Fast Company puts the optimal point of money with happiness at, $1.5 million. Googling "'money and happiness' on the FC website. According to this 2003 article, $1.5 million net worth is the magic figure where people's feelings of happiness go from nowhere to nirvana in nanoseconds."

Even more helpful, since getting $1.5 million any time soon is unlikely, is some good advice as to what to avoid being:

Uncomfortably challenged = stress and an untimely death.
Comfortably unchallenged = numb and stagnant; has a strange habit of morphing into uncomfortably unchallenged over time.

The post goes on to discuss finding happiness by following the different drummer in your career. This according to another Fast Company article means happiness comes from figuring out "How to Get the Job of Your Dreams"

"There's heaps of research out there that shows that the quality of your work affects your well-being and mental health. This has spillover effects for your life outside of work," says Professor Sharon Parker, Director of the Institute of Work Psychology at the University of Sheffield. She emphasizes that money is not usually the sole motivating factor behind why people choose to stay in a particular job; more important is whether it's challenging, exciting and stimulating."

Dan Gilbert provides insights into why we are happy and why we are not happy.

It is however Matthieu Ricard: Monk, author, photographer who provides us the habits of happiness.

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