Wednesday, January 16, 2008

Money can buy happiness

Most of us think happiness is not a commodity that you can buy. We always reasoned that we cannot equate material possession with joy and inner peace. But we have to remember that money is capable of buying not only tangible and fixed assets, but also intangible ones.

In the corporate world, they use their funds to purchase research & development, patents, goodwill, franchises, copyrights, among others. Things that big firms need to add more value to its corporate image and development.

In like manner, we as individuals could use our money to create a good public image and add value to our social and spiritual development. Hence, we buy intangibles like education, health and fitness, paying wages to our househelps and aides, helping the needy, supporting religion and advocacy, and such other unseen things that make us happy and valuable to the society.

However, in Maslow's Heirarchy of Needs, this liking to intangibles are already in the upper level of needs. Doing those "selfless" things without first satisfying your lower level needs, i.e., physiological, financial and safety needs, would often not result to happiness. In the same manner, that fulfilling your lower level needs without moving up to the next level would only suffer you from ennui, thus wouldn't make you happy either. In which case, wrong schedule of spending priority could make or break ones happiness.

Hence, whoever said that money can't buy happiness isn't spending it right!

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