The Complex Relationship Between Money and Happiness: An Essay

This essay delves into the intricate relationship between money and happiness, examining whether financial resources can truly purchase contentment. The author explores various perspectives, drawing on research and expert opinions to analyze the impact of money on life satisfaction. The essay discusses how money can provide opportunities and security, potentially alleviating stress and enabling access to experiences that enhance well-being. However, it also highlights the limitations of money, emphasizing the importance of non-financial factors such as relationships, mental health, and personal values. The essay considers the potential for materialism and the pursuit of wealth to detract from other crucial aspects of life, ultimately concluding that while money can contribute to happiness to a certain extent, it cannot guarantee lasting fulfillment. The author also reflects on their own learning experience during the assignment, highlighting the research process and the insights gained.

Individual essay

Table of Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
REFLECTION............................................................................................................................................6
REFERENCES............................................................................................................................................8

INTRODUCTION
Money is not likely to purchase the happiness but this may be helpful in attain happiness
to extent. The person can find the happiness some other non- financial things such as spending
time with the favorite people and also enjoying better things in life. Money enhanced happiness
to point that seems to be having the money that helps in fix the issues in life which make the
individuals stressed (Dube and Dube, 2017)
MAIN BODY
As per opinion of Cory Stieg (2020), Money is an asset that allows a person to live a
lifetime. Products to trade are an older custom, and cannot purchase something want without
money. Capital has become more important as people seek to save wealth for the future requires.
Many of us noticed that money cannot buy great pleasure. But how people view money and
materialism can have major impact on satisfaction and happiness. The idea that riches represent a
measure of happy life appears to troubling because it takes "many time , energy and money away
from other life areas that contribute greatly to the satisfaction of living" like family, work and
also wellness. Money may be an instrument that motivates to accomplish significant goals in life
which can lead to feel happier in long run. The belief that money means prosperity increases the
"economic incentive" or drive of individuals to work and to better their living conditions.
Looking about progress with that goal will make people more comfortable and optimistic about
future in their present lives (Natali and et. al., 2018). Such a simple shift in the mind could
influence people’s opinions of achievement and everyone’s lives, however there are of duration
both these variables at stake. The items that offer you joy that are not accompanied by the price
tag are crucial to bear in mind. People will ultimately would like to have even more if
they put store in the amount of money have. Those with better wages or something far beyond
financial control will still be there. People can no longer be happy with amount of profits. They
can begin to work harder to increase or encourage employment, or to turn employment into
higher wages. That can force to work ever more, eat in personal home and having less time with
friends, families or fun. People may take a job which people don't like to receive a larger
paycheck. "Family, friends, fitness, continuous learning or new experiences are all included.
Curiousness, strength, and passion can be purchased, but love cannot be bought. Loving is just a

thought and an experiential emotion. It's a warm, sincere and mysterious thing. Other than this,
Money can buy power, but really the truth is best. Sometimes money gets invested to shake
faiths or a narrative and can also be used to produce unfair study to reinforce opinion.
Sometimes, but not for long, people can hide truth with the aid of money. Finally, it will still be
revealed irrespective about how much money gets spent to create the facts (Gatina, 2016).
As contrary to it, Mary Chen (2020) stated that Happiness is hard word to describe.
Everybody through their experience has different prospects of happiness. Happiness is emotion
that as human beings experience inside them. An object may make an individual happy for short
time, but lifetime of happiness. If anyone thinks the money can buy good fortune, it is not real
good fortune. Money is of immense importance and yet forgets simple things that bring us true
joy. Happiness is one of what makes you happy. It costs nothing, but this can fill a happy life.
You can't buy this feeling. The sum of money in world cannot be exchanged. Generally
speaking, people believe in making someone happy or loved with money and maybe for while
only. Many people claim that money can buy happiness as they believe that money can control
an individual, and others don't agree. In lives, money is an absolute necessity to buy daily needs.
With lots of money, fancy and costly items could be purchased, but modest satisfaction.
Moreover, money cannot give love and affection emotions. Everyone wants money, but they
cannot buy all, for instance: information or a loved died and memories. Gladness is not measured
by bank account; it only appreciates the little things that get from life. Money doesn't buy
happiness even though one of most important things in the life is assumed to be that everyone
wants money, but even money cannot even buy a lifetime of friends or a lovely family.
Happiness is sense of profound love, an unbelievably powerful phrase (Matz, Gladstone and
Stillwell, 2016). It can't be damaged in life as a person loves someone without doubt.
Happiness is mental state through the accomplishment of one's own aims or beliefs. The values
are measured by ability of individual to obtain and hold them. There's many two major types of
values: those which person cares going to be having, do, or want to safeguard. Values are split
into material and moral values. The values of the products are external to life: convenience, food
quality, house size, car brand. Spiritual principles are human, and they describe inner part of the
life of all. These are, for example, the ability to learn wisdom, knowledge, self respect, mental
wellbeing, comfort and others. In context to this, Rich people prefer to spend the time in high
stress and anxiety habits, like purchasing, studying, and traveling. Those who want to get every

penny, on the other hand, ignore to treat self once in a while (Geppert, 2019). It is essential to
keep balance and meet in the center somewhere. Instead of getting involved in gaining or saving
money, concentrate on getting the most time to appreciate doing actions and see people who
make happy. People frequently lose sight of how they make the most of their lives because they
become so addicted to money and they eventually forget when they first made or saved it.
Christina Pimentel (2020) stated that if an individual is indifferent to be comfort for the
high standards, happiness was not based on material wealth. The money can purchase happiness
for the people which seek for better quality of the life. Money has positive relationship with
happiness although this is not straight line. In regards to this, comfort can be one of the main
elements of the happiness. Such individuals do not want to purchase the expensive things but
find joy in wearing the high quality of clothes from a delicious food, traveling and eating. This
rule works only in the case then there are three conditions need. First is related to having the
better personal quality. All the money can give basic psychological as well as safety
requirements such as water for food security as they cannot help with the psychological needs
such as friendship, accomplishment, feelings, intimacy and others. Without the love of people
and respect, human being is not better than animal. The second is indispensable element of
happy personality it is stable the mental state. The money will not save people from inner
demons like disorders, anxiety, addiction and obsession. The wealthy person can be paid for
treatment but this does not give the guarantee that the happiness can be attained. The mental
disturbance keeps the person isolated from the normal social life and this is harder to fulfill the
requirements concerned to interaction with some other people. In this manner, the money cannot
buy all the happiness for the person who has the poor mental health. High quality of life can be
attained only if self-actualization need of personality can be satisfied. The self actualization
needs our desire to become everything that is capable of becoming. Making Fortune is not
beneficial to realizing the potential for the personal development but the financial stability gives
people the opportunity to focus on the self development without any worrying regarding basic
requirement. On the other hand, Money gives more energy to people, and everybody wants it. If
a person has adequate money to pay managers, careers and others, person will have more time,
and having leverage of life contributes to higher rates of satisfaction. However, do something
about them, many people feel satisfied. When take that away, people will be depressed and
losing contact with the world. Lot money makes it possible for people to simply get away with

making a wage, making them really happy. Lot money also encourages individuals to attempt so
much more. This is a constant loop of the feeling that more money is needed. Person can take
money from work This is difficult to deny that money helps people to get and enjoy the
opportunity to have great food, attend all sorts of art and sports activities and travel doing many
other things. People may begin to wonder why, if have enough money, have to work. All of them
have positive memories that directly influence the level of happiness. The key issue is that they
yield very little satisfaction (HAPPINESS, 2019).
Most people believe that pleasure can be achieved by wealth, or that a person need wealth
to be satisfied. However, there are some of us who think the best items are still free in this world.
Much that can make people laugh doesn't cost any of it. Family and friendships are all
invaluable. It's impossible to buy such things and that's real happiness. On the other hand, some
people think the great wealth or money could make them happy, or they could buy items that
they think could make them feel good. The people who've been there all through lives are family
members, relatives and friends. All memories that an individual have with it have been created,
and know each story there next to bumps, ridges, failures, dating and all the other unusual events.
No money will pay for this on planet. Memories are made and are not lost or lost off. They are
not made. So, don’t know why people would think that money can buy happiness (Hill, 2017).
CONCLUSION
It has been concluded from above mention report that money cannot bring the eternal joy
in life because buying the materials will result in limited satisfaction as this cannot purchase
emotions of a person that get from the affection and the love. Money can buy expensive items as
well, but it will give only limited level of satisfaction because a person has
to purchase something greater after its innovation. Money cannot, in long run, acquire happiness
since most precious things in life could not be purchased with income.
REFLECTION
Concrete Experience- I have assigned with an assignment that is based on “Can money
buy happiness”. When I conducting this assignment, I thought about my own experience

regarding this area. I gained the new experience and the understanding about performing the
investigation in area.
Reflective Observation of the New Experience- From conducting the investigation, I
gained the new experience about the specific subject area. To conduct this investigation I took
more time because it is a real life is topic and profile the better experience. This helps in
understand in enhancing my abilities and skills to carry out the similar kind of Investigation in
future. This helped me in conducting the research in systematic manner and also finds out the
effective ways to overcome from the arising issues.
Abstract Conceptualization- When I collecting the information regarding the can money
buy happiness I found out the authenticate sources for Collection of data. I used text books and
ideas from my colleagues regarding the subject area.
Active Experimentation- After completing the investigation, I presented in front of my
tutor in explained everything that mentioned in my research in a detailed manner. This will be
useful for me to performing the investigation in future.

REFERENCES
Books & Journals
Dube, S. and Dube, M., 2017. Basics first: Let money buy happiness and a central store that
provides essentials for all. John Hunt Publishing.
Gatina, L., 2016. Does money buy happiness? Financial and general well-being of immigrants in
Australia. Journal of Behavioral and Experimental Economics. 63. pp.91-105.
Geppert, K., 2019. Does money buy happiness? A cross-country look at the relationship between
income and happiness.
HAPPINESS, C.M.B., 2019. WHAT IS AN EMPLOYER OF CHOICE?.
Hill, E., 2017. Can Money Buy Happiness?.
Matz, S.C., Gladstone, J.J. and Stillwell, D., 2016. Money buys happiness when spending fits our
personality. Psychological science. 27(5). pp.715-725.
Natali, L. and et. al., 2018. Does money buy happiness? Evidence from an unconditional cash
transfer in Zambia. SSM-population health. 4. pp.225-235.
Online
Chen, M., 2020. Can Money Buy Happiness?. [Online]. Available through:
<https://www.teenink.com/opinion/all/article/817789/Can-Money-Buy-Happiness>.
Pimentel, C., 2020. 10 Reasons Why Money Will Never Make You Happy. [Online]. Available
through: <https://thriveglobal.com/stories/10-reasons-why-money-will-never-make-you-
happy/>.
Stieg, C., 2020. How you think about money can impact how happy you are in life, study says.
[Online]. Available through: <https://www.cnbc.com/2019/09/05/can-money-buy-
happiness-debate-study-on-success.html>.