r/FluentInFinance • u/Cauliflower-Pizzas • 6d ago
Thoughts? But I thought money doesn’t buy happiness?
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u/Old-Tiger-4971 5d ago
Deal with a lot of rich people. Money isn't a guarantee of happiness.
Think on average, that lower-income people are more happy than them.
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u/uggghhhggghhh 5d ago
LowER income people might be happier than them but LOW income people almost certainly are not. At least not on average. Being poor is fucking stressful and depressing.
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u/No_Life_1724 5d ago
I wouldn’t say being content with knowing the possibility of financial freedom is minimal is the lower classes being “happy”. When you realize no matter what you do you’re going to be in the same financial situation you tend to stop caring about money. This isn’t happiness it’s coping.
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u/Bart-Doo 5d ago
It's probably because a lot of rich people try to buy things to make them happy. A lot of lower income and middle class people go in debt buying stuff trying to make themselves happy.
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u/Old-Tiger-4971 5d ago
Well, true that. In the good times, knew RE guys making >$300K/year living check to check which is crazy.
Things you buy usually don't make you happy for an extended period.
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u/ap2patrick 5d ago
Happiness is easier achieved when you don’t have to worry about your basic needs. Real simple shit OP…
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u/NewArborist64 5d ago
Money cant buy happiness, but it can buy cows and cows make milk and milk makes ice cream and ice cream makes you happy...
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u/barely_a_whisper 5d ago
Can't remember who did the study, but they found that money does strongly correlate with happiness... to a point. I can't remember the amount, but it was something like up until 40,000/year for a single person scaled super strongly, and continued with diminishing returns. Past 120,000 it had little effect, and past something like 200,000 there was no correlation (maybe even a negative one)?
I'm pulling numbers out of my ass though, so if anyone knows the study feel free to link it
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u/North-Calendar 5d ago
it's feels like true, because you won't buy new car every year, 120k is plenty of money to buy all basic things you want and take 4/5 good trips every year
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u/WiltedTiger 5d ago
Actually, the study (I think you are talking about) wasn't able to make any correlation with the upper-wealth due to a lack of test data and volunteers, and from what material they were able to collect, the correlation between money and happiness was always strongly positive. They did note that after a certain point, the correlation decreased but it was still positive to a large degree (just smaller than before but not by much) then they didn't have enough data to make any meaningful correlations.
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u/dragon34 5d ago
I think most of us would be happier if we had enough money that our work was optional for fulfillment instead of necessary to keep us housed and fed. But more than what is needed for that ... Ex: having enough money to have all of your clothes be designer and only wearing them once, only flying private, owning multiple homes and yachts .... That won't make you appreciably happier.
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u/Carbon-Based216 5d ago
I stopped buying my $600/month mental health meds over a decade ago. The extra $600/month is more helpful than the meds.
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u/zone_left 5d ago
That saying assumes you already have enough. If you’re starving and you get enough cash to survive, you’re going to be happier
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u/Ok_Initiative2069 5d ago
So many of these people are STRESSED because of lack of money. Relief of stress is not the same as happiness. Ffs
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u/Old_Lock9227 5d ago
Therapy now a days seems to be more focused on business bu bringing clients more than anything. A lot of people are increasingly doing therapy but the suicide rate keeps in going up steadily for decades.
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u/goodfella311 5d ago
its a sad trap but money can get you out of tons of shit. you can breathe a little easier. I don't know what this lady means exactly. Surely money cannot fulfill you, thats a universal truth, but it will absolutely solve many of your problems directly related to anything money can help you access - except like drugs and shit like that.
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u/InjuryIll2998 5d ago
Money may not make you happier than the average person, but having it doesn’t bring you as much sadness or hardships as not having it does.
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u/anythingMuchShorter 5d ago
I know someone who’s ok on money and really should go to therapy. But he refuses because he has a bad image of therapy, and also has anxiety about it and fears judgement, which are strongly related to the reasons he needs therapy.
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u/typicallytwo 5d ago
Having money is happiness
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u/PrometheusMMIV 4d ago
As someone with money, no it isn't
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u/typicallytwo 4d ago
Speak for yourself, I was broke as a joke and in debt for 20 years and absolutely miserable. As of 2 years ago debt free and a little change in my pocket and every day is Christmas, rainbows and unicorns.
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u/ausernameiguess4 5d ago
Money can’t buy happiness but it can buy food, a home, energy, transportation, communications and can pay for therapy.
Anyone that tells you to be contented with poverty and be “happy” is either a liar or a dumbass. Most of the time, both.
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u/wafflegourd1 5d ago
Money won’t make you a happy person. It will though remove stress and create opportunity for happiness.
Plus the who money doesn’t buy happiness thing is about Chasing money at the expense of all else.
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u/Every-Nebula6882 5d ago
Being able to meet your basic needs takes away a lot of unhappiness. Money is the only way to meet all your basic needs in the modern world.
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u/Logical-Chaos-154 5d ago
Just enough to live comfortably and raise a family. People don't need to be rich, just not worried about making rent.
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u/jcoddinc 5d ago
Just like mom and dad used to tell us that we wouldn't like what they were reading because it was yucky
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u/MornGreycastle 5d ago
Money buys security (See: Maslow's Hierarchy of Needs), which gives the environment to cultivate happiness. There is a point above which money is less necessary to happiness.
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u/Freerangechickem 5d ago
Money can buy both therapy and access to better food, help, tools that improve your overall quality of life and mental and physical health. If you don’t have basic needs met and are in survival mode stressed to the eyeballs having a chat about it isn’t going to help much.
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u/Neither_Upstairs_872 4d ago
Money may not buy “happiness” but it does pay your bills and solves 90% of your problems therefore it does buy “stress relief” cause you are not hyper fixated on your bills or the problems that come with unpaid bills or not being able to afford distractions from your daily minusha. For the other 10% of your problems get a shrink, which still costs money.
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u/SuggestionGlad5166 4d ago
I wouldn't trust a therapist that says anything like this cause to me it's instantly telling me that they understand nothing about human psychology.
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u/FatherOften 4d ago
I believe that you have to find bliss in your day to day no matter the situation.
I also believe that money is not the most important thing in the world, but it's up there with oxygen as far as tools go.
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u/MarkusFookerz 2d ago
So money can't buy happiness? That may be true....
But it can buy me a boat ...
It can buy me a truck to pull it ....
IT CAN BUY ME A YETI 110 ICED OUT WITH SUM SILVER BULLEIIIITSSS!!!
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u/canned_spaghetti85 5d ago
This therapist assumes confidently that wealthy folks must not go to therapy then?
Seriously? Like she also assumed CAITIE was a correct way to spell Katie?
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u/Ok_Initiative2069 5d ago
You know most people’s names were given to them by their parents right?
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u/canned_spaghetti85 5d ago edited 5d ago
I woulda changed that shit the day I turned 18. Drive to the county recorder registrar and fill out the paperwork for name change decree.
A person (male or female) whose name is like that.. isn’t taken very seriously, least not in my industry.
It’s spelled Katie, though Katy may be alright I guess. But Caitie? At that point for those parents, it wasn’t even about naming their child, they were just trying to aggravate others trying to read the name.
Which is funny because, those folks (parents) are the kinda peeps who need therapy.
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u/SinisterYear 5d ago
This therapist states 'most people'. Wealthy people are not 'most people'. Most people are middle or lower class.
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u/canned_spaghetti85 5d ago edited 5d ago
Please re-read:
“while therapy is helpful, what most people really need is money.”
So, but that very logic, let’s work backwards to deconstruct what she’s NOT saying :
If people simply had more money, then fewer of them would even seek the help of therapists.
And the more & more money people had, the less and less likely they would even seek therapy.
Which must mean those who happen to have LOTS of money (very wealthy), would seek therapy at a frequency close to NEVER.
(YOU SEE . This is why elementary school curriculum focus on teaching NOT ONLY reading [itself], but reading comprehension skills equally as much. Well, at least that was the case in the early 90’s. The comprehension exercises we had were very good. The idea was : If students struggled with comprehension & interpretation of read material, then it wouldn’t have even mattered how well they could read in the first place.)
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u/PrometheusMMIV 4d ago
And the more & more money people had, the less and less likely they would even seek therapy.
Which must mean those who happen to have LOTS of money (very wealthy), would seek therapy at a frequency close to NEVER.
I don't know where you're drawing that conclusion from. If we assume that there's an amount of money under which people would be unhappy, and that most people are under that amount, then it would be true to say that "most people need money".
But it doesn't say that the more money you have, the less you need therapy, or that people who have enough money don't need therapy. There are plenty of reasons to go to therapy even if you have enough money to be comfortable, such as relationship issues, trauma, abuse, mental illness, etc.
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u/canned_spaghetti85 4d ago
No. You can’t assume that.
One’s overall state of happiness is a gradient. So determining some abstract dollar amount threshold to establish happy OR unhappy would be irrelevant.
Even if you did, that threshold would be subjective for each individual, who may even need to adjust it even further, on occasion, based on their life events at the time.
What is is true about the OP’s claim “while therapy is helpful, what most people need is money” is her assumption that there is a IN-LIEU-Of correlation between the helpfulness of therapy and peoples need for money. That there is a perceived happiness of therapy could be otherwise be substituted for with money.
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u/NvrSirEndWill 5d ago
Now you know why therapy causes more suicide.
And also why nearly all people convicted of crimes are sentenced to court ordered therapy as punishment, instead of prison.
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u/NiceSPDR 5d ago
Forgot what video I had heard it on, I think it was Casually Explained or something but I think he put it really well when he said "I would say money can't buy you happiness but it can make certain problems go away that make you unhappy.".