Your Psychological Wealth and the Effect on Your Happiness

Wealth is relative. Wealth is a state of mind. Wealth means having what we need and money gives us only part of what we need.

Happiness comes from social interactions and activities. Happiness doesn’t come from accumulating material goods.

Money doesn’t matter too much when it comes to enjoying life.

Actually, there can be some positive consequences to having less money. Having less money causes to have more simplicity in our lives.

When we have money we may feel we are successful but we may also feel that we are missing our lives. When we have money we may not be spending time really enjoying life and spending time with our family and friends. Having less money may enable the simplicity that promotes relationships.

Some studies have shown that focusing on gratitude can increase our happiness.

Focusing on the future can make us happy. Hope is predominantly about the future. Having hope brings a special kind of happiness. Anthony Scioli, co-author of Hope in the Age of Anxiety, says that hope brings us a more permanent form of happiness. Scioli says that “hopeful people are sustained by the belief that there are always options.”

“Diversify investments, consider a different line of work, or pick up a temporary part-time job, rent a room in the house for extra income. Hopeful people are more apt to stay calm in a crisis due to their broader life perspective and faith in the future.”

Sometimes having hope and wanting to be happy isn’t easy. That’s when happiness really suffers.

If you get laid off your happiness will take a hit. Jobs provides meaning. They structure our time. They give us a sense of identity. They allow us to provide for loved ones.

Psychologists have found that people who are most concerned about money and possessions are actually less happy than those that aren’t.

Following the economy too closely, such as daily monitoring of economic indicators, make us less happy.

So what makes us happy?

Research has been consistently showing that using money to buy something different or social or an experience brings us more happiness than buying things.

Research suggests that because experiences can provide happy memories they provide happiness that doesn’t wear off as fast as the rush that comes from buying a new possesion.

The best advice? Savor the happy moments. If your basic needs are met, happiness is not about money.

Related Information in Prosperity View

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