Individual Essay: Exploring if Money Can Buy Happiness - S1, 2020

This essay explores the complex relationship between money and happiness, addressing the question of whether wealth can truly buy contentment. The essay begins with an introduction that frames the debate and then delves into two key tasks: the first involves a comprehensive review of existin...Read More

CAN MONEY BUY
HAPPINESS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Task 1...............................................................................................................................................3
Task 2...............................................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Task 1
Can Money Buy Happiness?
It is one the important question that is going around the world and different people have
different opinion. Researcher says that people need money which can fulfil immediate need and
save some amount which can help in dealing upcoming challenge. It is also observed that most
ob billionaires are comparatively less happy to middle class as they do not get time for
themselves and remain busy whole time with work. According to some research it depends on
four factors namely cultural values, place, things that matters to person such as social status, way
in which human being invest money (Kruger and Venter, 2020). In United Kingdom and United
states people are divided according to class and many of them become rich because of
government policies and cultural values which helps everyone to grow and expand. In time of
globalization and modern era everyone wants money to fit in society and pay expenses for
explore. Changing aspect of society happiness converted into dollars, gold etc. for example
women wants jewellery to show in front of other to distinguish themselves. Human beings wants
money for various need such as fulfilling basic needs (Food, clothes, accommodation),
Travelling around the world, expanding business and creating new one, to jump into upper class
society, parties and pleasures etc. There are many other reason where happiness cannot be
accomplish without fortune and hence everyone in present time focusing on personal growth and
growing more (Mandziuk, 2017). Most of people that if a person have money than he will be
happy and can focus on other but person without fortune remain depressed as well as annoyed
other. It is also observed by people that people which do not have some good class in society
treated as untouchable and exploit them in every stage of life. This types of people have 3 option
either they will accept it, fight with it until they will get right. Now days people life changes
everyone is working hard in their profession and trying to do some other work so that can gain
higher money. Entrepreneur concept again tool which changes various mind to develop their own
business according to skills, innovation and creativity and hence increase fortune so that can
become part of society. As per the opinion of economist we have abundant resource but not skills
and hence if build human as potential resource then we will find a society which have
economical distribution. It is one the complex statement as well as poverty and hunger can only
fulfilled by enough money which cannot earn easily. Governments of many countries even
3

international organisation such United nation, World Health organisation, G20, BRICS etc. are in
close coordination to develop world which everyone have enough resources to sustain life and
show their skills in front of others. In the view of some senior leaders and politicians in globe
that if economic distribution continue improve then we will have a society where people have
enough resource to live and hence they remain happy in personal as well as profession life.
However, there are number of researchers, leaders, health specialist etc. do not believe
that money can buy happiness according to them present human beings highly suffered because
people are engaged in earning but do not have time for themselves (Friedman, 2018). According
to data people with money digging are most depressed for example it is published in US news
that United States of America has largest number of depresses people which is one of the
developed country (McPhillips, 2016). It can easily be analyse when people focus on work will
get very less chance for focusing on lifestyle, exercise etc. which impact on health and hence
increase chances of various types of diseases. Late princess of Diana share her view towards
condition of people in changing life in quote “The biggest disease this day and age is that of
people feeling unloved”. It is true people lost affection towards each other and become machine.
Materialistic life becomes important for human being and unable to think what they actually
want. If these things continue then people really become machines which need maintenance of
Psychologist, doctors etc. and hence increase tension, stress and build many disease. However, it
is observed that there are many countries focusing on improving lifestyle by changing concept of
money into happiness such as Bhutan which is part of Asian country GDP based on happiness
which is unique concept and hence focus on healthy life style of citizens. Healthy and happy
people work effectively and increase efficiency, quality and productivity which are necessary in
time of modern world. It also reduces chances of various types of problems and increase age of a
person. There are number of policies and laws implement by governments of many countries
such as fix working time, health facilities on work station etc. which contributing in helping
people overcoming from various types of health problems that are occurring from routine life.
Health specialist believes that people now days shifted their mind towards health, happiness and
enjoyment. Tourism reflect many changes in mindset of human beings for example eco-friendly
tours as well as spiritual activities increases very high in past few years as people started hating
routine life which do not give chances to think and expand (Verma, 2019). Yoga centres,
entertainment such as comedy shows etc. audience rises in world which shows now people want
4

to relax and enjoy life rather than earning. There are number of sports activities also increase for
releasing stress and hence human being perspective changes from earning money to more
emphasize on happiness. It is important for the people to think on it and focus on what they want
to achieve in life rather than earning money and increasing fortune. There are number of ways
from which human being can focus on personal as well as profession and hence able to maintain
balance in it such as time management which consist of work, exercise, socializing etc.
Task 2
Essay
There are number of Psychologist in various countries which emphasizes on money and
happiness similarities, need, comparisons etc. Money cannot buy happiness is very old concept
but it’s again become part of conversation between various researchers. It is observed that people
with good fortune are in more stress compare to people that have limited money. There is
numerous reasons for it such as spending finance to increase in profit share and market
expansion, human needs not satisfied easily as people want more and more. It increase pressure,
tension, stress etc. among people and hence impact on their growth and it become necessary that
people have to focus on their health because life cannot buy money and spending time earning
money decrease will not give you long age and hence people loose most of years. In the end they
will regret for what they lose. Making mind for extraction will be most dangerous as in this
people rise then he will not get time and in case person fall then might be depressed or can
suicide (Araujo, 2018). People suffering increases because of greed for money they remain
irritated and annoyed others which impact on their social behaviour. Richness cannot build way
for person’s happiness and hence it is necessary to look into other aspect of life rather than
focusing on one. Every person when able to reach certain position where he get all fortunes that
he wants with high salary and enjoy in the beginning but after certain age rethink what he loose
and what he get in all process such loose various night in work, didn’t socialize, miss
participation in upbringings of children’s etc. and hence suffer feel stress, tense, regret as well as
effected from number of disease because of unhealthy life style. Person growth concept in
present time changes it become multidimensional rather than focus on building fortunes. Various
Multi National Companies started focusing on changing work culture such as providing friendly
environment, workers do not need to wear formals, provides flexible hours or working etc. it
improves personal as well as professional growth of workers which is necessary for changing
5

business. Transformative leadership also introduce in organisation culture which gives more
autonomy to workers and hence innovation as well as creativity of workers and hence contribute
in growth of people. Government of various countries also trying to introduce new campaign
which shifted people mind’s towards happiness such as India’s Prime minister launch India
moment in nation and hence attracted large number of citizens which are focusing on health as
well as try to be happy at workplace and on personal life (Groves, 2019). Yoga, exercise, gym
etc. centres increasing because people motivated towards building healthy life styles and feeling
relax. Eco-friendly tour concept again attracts large number of tourist which fed up from routine
life want change in it. Overall it can evaluated that money needed to sustain life but happiness
needed to survive for longer period.
MAIN BODY
CONCLUSION
6

REFERENCES
Books and Journals
Kruger, S. and Venter, D., 2020. I Can’t Buy Happiness But Could Own a Motorcycle: Does
Leisure Life Matter. African Journal of Hospitality, Tourism and Leisure.9(.4).pp.469-483.
Mandziuk, J., 2017. Why money cannot buy happiness. The painful truth about traditional
proverbs and their modifications. New Horizons in English Studies,.2.(1).pp.4-16.
Friedman, R.A., 2018. Money Can’t Buy Happiness-But it can fund a secure retirement.
Verma, O.S., 2019. Happiness joy of life satisfaction. Journal of Extension Systems.35.
(1).pp.43-46.
Araujo, C.M.L.D., 2018. 'As happy as money can buy: exploring antecedents of happiness
according to purchase type' (Doctoral dissertation).
Groves, R., 2019. Money can't buy you happiness or contentment. NEW SCIENTIST.243.
(3248).pp.26-26.
Online
U.S. Among Most Depressed Countries in the World, Deidre McPhillips 2016,Available through
<https://www.usnews.com/news/best-countries/articles/2016-09-14/the-10-most-depressed-
countries>
[ONLINE] Available through :<>
7

8