Most of the people who live out there in the world believe that they can be happy if they have more money. If you are thinking the same, it is worthy to go through this article. That’s because we are going to analyze the relationship that exists in between money and happiness in detail. Along with that, you will be able to make important decisions, which can contribute to your personal happiness.
Understanding the fulfilment curve
We are living in a consumption-driven culture. That’s because media is influencing us to get cars, clothes, jewellery and all the fancy stuff. In fact, we are made to believe that those items can contribute to the level of happiness that we maintain. In order to learn the reality behind this, you must take a look at the fulfilment curve.
According to the fulfilment curve, spending more money can contribute to better fulfilment. However, that works only up to a certain point. When you go beyond that point and start spending too much money, you will be creating a negative impact on the quality of life that you experience. This is why it is important for you to learn how to stay connected with your life and figure out when you should stop. Then you can discover the perfect balance that exists in between money and happiness as well.
When you deep dive and take a look at the fulfilment curve, you will notice that it has got four different sections. They include:
Survival is the first section that you can find when you are climbing up in the fulfilment curve. In here, a little amount of money will be able to bring in loads of happiness to you. When you are at this stage, you have nothing. However, the stuff you buy can contribute towards your survival and wellbeing. For example, you will be spending your money on shelter, clothing and food. They can obviously help you to enjoy a happier life.
When your basic needs are catered, you move to the next section of the fulfilment curve, which is about comforts. This is where you invest your money to buy a comfortable pillow to sleep on and a comfortable chair to sit on. You will also be spending your money to buy a second pair of pants. They can contribute a lot towards increasing your fulfilment.
You will now notice that you are focusing on spending your money on luxuries. This is where you come out of your comforts. For example, you tend to move away from the small apartment to a bigger home. You will also spend your money to purchase a full wardrobe of clothing. On the winter evenings, you will find yourself sitting on a new sofa while enjoying hot chocolate. You have a full library of DVDs to enjoy as well. These are all the luxuries that you can buy for the money, which can eventually make you feel happy.
In this section, you are overcoming the peak. That’s where things start taking place out of your control. For example, purchasing a new sofa made you happy. However, you are also purchasing recliners to match with the sofa. The DVD collection that you have will reach from 20 DVDs to over 200DVDs. You will start looking for a premium coffee to drink in winter evenings, instead of hot chocolate. Eventually, you will notice that your house is too small to fit everything that you purchase. As a result, you will have to spend money and buy a bigger house.
However, you will also notice that the things you buy are not in a position to make you feel happy. You will notice that the things you have bought by spending your money have become a burden to you at the end of the day. They are not in a position to contribute towards your fulfilment. However, you are distracted by them.
Understanding the balance between money and happiness
As you can see from the analysis of the fulfilment curve, you will notice that you will be reaching your level of happiness when you come to the luxury zone. You have all the things that you need to live a comfortable and luxury life. Therefore, you should set up your mind to limit it over there. This is where most of the people fail. They tend to overspend their money and get into the overconsumption stage. This can make you feel unhappy with your life again.
When you reach the luxury zone, you are provided with everything that you need to cate comfort needs and survival needs. Along with that, you will be having a few luxuries in your life as well. Your life is a grand one. All your happiness and expenditures should be perfectly balanced. Then you will feel that you have achieved enough.
In the realistic world, you don’t have any visual aids to help you with understanding the relationship that exists between money and happiness. That’s where you tend to go beyond the limit. If you are caught in a rat race, you will never be able to figure out this relationship. That’s where you need to take a break and deeply analyze your life. Then you will be able to determine how to spot the perfect relationship between money and happiness.
How much money is enough for you to be happy?
You need to think about earning enough money, which can cater to all your survival and comfort needs while providing you with a bit of luxury. When you come to that point, you can everything you need to live a fulfilling life. You need to make sure that you don’t start overspending. When you are getting extra amounts of money, you can think about saving them. You will be able to use them for your needs in the future as well.