Why Money Can't Buy Happiness - Common Misconceptions About Money (Misunderstand Money)
Channel: Practical Inspiration - Personal Growth & Success
Date: 25/01/2020

In this video on Practical Inspiration we look at why money can't buy happiness and common misconceptions about money, specifically how people misunderstand money. If you wonder whether you have any misconceptions about money, or want to better understand why money doesn't bring happiness.

I'm not going to say everything you know about money is wrong, but will explain why money won't make you happy, and why money can't buy happiness. Learn about why money doesn't bring happiness and more importantly, why money isnt everything.

As you understand why money isn't everything, and better yet, know what you need to understand about money, your whole perception of money will change. So learn to control your finances, not let your finance control you.

Also, consider checking out more on Practical Inspiration here: https://www.youtube.com/channel/UCzBzN37avxY3JKXeZgHcAIg/videos

Below is a summary of the video:

1. Making Money Your Why
- Money is a resource, it helps to you embark on new adventures and opportunities, but it shouldn't be the purpose you do what you do
- The reason is simple, if you chase money without loving the game you're playing, you will ultimately find it's unsatisfying when you reach your goal
- That's because money is an object, it doesn't bring happinness, love, value or meaning to your life, it's simply a tool
- ...and then of course there's always more money available, so you'll never feel fulfilled on reaching your goals

2. Enhance Self Worth
- A measure of a person isn't how much they earn, and placing such importance on it will ultimately lead to poor judgement of character and value
- An obvious example is the importance of doctors or teachers in society, as they play a pivotal role in health and education, yet there are a significant number of people who earn more
- If we enhance the worth of others over the importance of doctors and teachers, we would face massive issues within society
- So understand the same of yourself, if you aren't rich, it doesn't make you any less important or valuable as an individual

3. Early Or Comfortable Retirement
- Those who seek wealth to retire early or be comfortable after retirement have missed part of the point of living life
- You see doing what you hate for a huge portion of your life, just so that you can hope to live a little more comfortably at the end would be a waste of years of your life
- You're better off earning less doing something you love or feel passionate about, which you know you won't regret later down the line
- Those hoping to retire early also need to be careful, as earning money can result to addictive behaviour, resulting in changes in the brain comparable to those produced by cocaine

4. Believing it Will Remove Problems
- Let's not ignore the obvious point, with money you will be able to more easily deal with a number of financial problems you are faced with
- However, that does not mean you won't have problems, just that the problems you face will be different
- One of the biggest problems people with money face is they rely too much on using their money to outsource their problems to others
- While this might seem appealing, by not dealing with problems yourself, you become less capable in dealing with them when you need to, becoming dependent on having money, rather than it being resource available to you

5. Being a Good Provider
- We often want money to be a good provider for our families, providing security and opportunities to them in life
- However, money alone does not make you a good provider, as there's so much more providing to loved ones
- This might be emotional support, being a strong and positive role model, teaching and aiding the growth of children in various aspects of life for example
- Again, money is the resource to support your ambitions in life, but alone it won't value, meaning or purpose in your life

----------

// Subscribe for more content on Practical Inspiration: https://www.youtube.com/channel/UCzBzN37avxY3JKXeZgHcAIg?sub_confirmation=1

----------

Music provided by HearWeGo
Artist: Day 7
Title: Skyrocket
Listen on YouTube: https://youtu.be/ji27H3I-noY