9 Nov 2022

206

Discussion: Money and Happiness

Format: Other

Academic level: College

Paper type: Personal Reflection

Words: 508

Pages: 2

Downloads: 0

In my opinion, money can buy happiness to some extent. If a person attaches happiness to material possession, money can facilitate the achievement of that kind of happiness. Money is at the center stage of today’s society. The acquisition of the basic needs, which is key to an individual’s satisfaction and happiness, relies on the possession of money. The capitalistic setup of the world’s economy makes it impossible to access quality food, shelter, or healthcare unless one has money. Besides, a quick observation in the society shows a positive correlation between poverty and the lack of happiness. 

Furthermore, success in the present-day world is mainly based on how much money an individual has. Therefore, the greater the amount of money one has, the more successful he or she is deemed to be. Since happiness depends on the achievement of personal goals and success in life, money has an influence on a person’s happiness. Financial success often leads to the avoidance of stress and other mental health problems such as depression, and thus promoting the attainment of happiness. Happiness does not, however, entirely depend on the possession of money. Factors in life, such as relationships and social life, which influence an individual’s happiness, can be terrible despite the possession of money. A person can be wealthy but still experience problems at home or remain unsatisfied. Besides, the possession of money does not assure good health all the time. Therefore, while money might influence happiness to some extent, its possession does not always translate to the possession of happiness 

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According to Daniel Gilbert, the influence of money on happiness depends on how it is spent. When money is used to buy experiences rather than material goods, or when it is used for the benefit of others, it tends to bring more happiness. Gilbert also suggests that when used appropriately, money can increase the frequency of experiencing pleasure and thus result in happiness. Additional strategies when using money, such as delaying consumption, considering peripheral features of purchase, avoiding comparison shopping, and considering how other people attain happiness, can result in happiness. 

In summary, Gilbert supports the idea that money can bring happiness. However, he proposes ways in which money can be used effectively to translate into happiness. I agree with his suggestions. While my arguments focus on personal happiness and material possessions, Gilberts argues that money leads to happiness when used to buy experience and help others. 

Replies to Classmates’ Posts 

Classmate 1: 

Your post supports the idea that money can buy happiness to a given extent but does not guarantee happiness, which I agree with. While money can facilitate the attainment of happiness by making life better, it does not warrant happiness in some instances, particularly social interactions and good health. Furthermore, your assessment of Daniel Gilbert’s article outlines the ways in which experiential purchases are better than materialistic purchases in bringing happiness. However, you could also capture the strategies of how to spend money, as proposed by Daniel Gilbert, to attain optimum happiness. 

Classmate 2: 

Your post argues in support of the idea that money can buy happiness. I agree with your opinion that money can facilitate the purchase of various items and improve a person’s living standard, which eventually translates to happiness. Aside from emphasizing various strategies to use the money to buy happiness effectively, the article by Daniel Gilbert also informed us about the role of money in building strong social relationships and developing experiences through facilitating vacations, for example, and thus leading to the attainment of positive attitude towards life and happiness. 

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StudyBounty. (2023, September 14). Discussion: Money and Happiness.
https://studybounty.com/discussion-money-and-happiness-personal-reflection

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