As the Beatles pointed out in their 1964 hit “Can’t buy me love”, there are some things money can’t buy, at least not directly. Money can, however, influence happiness – if used wisely. Here are some tips on how using your personal wealth wisely can help to make you happier.
Money can’t buy good health, but it can be used in a variety of ways to maintain it or improve it. At a fundamental level, money can buy a good diet full of healthy, fresh foods. It can also buy exercise equipment. Being able to manage the family finances so that there is money available for day-to-day bills and savings available to cope with unexpected events can also save a lot of stress, which could arguably come under the heading of a health benefit. Money can assist with quality health-care. It can provide the option to pay for quick access to private treatment rather than having to queue on an NHS waiting list. It can also help ease any convalescence period by providing funds to pay for helpful equipment (such as mobility scooters) or personal assistance.
Education and development – investing in yourself
Money can buy you opportunities and experiences which can enhance your professional options. While employers will pay for mandatory training and may assist with training which has a clear relevance to your current career path, quite simply the more money you have at your disposal, the wider your range of options. You can choose to undertake personal study to further your goals or you can choose to do something else completely. Perhaps you might like to have the security of knowing that you have an alternative means of earning an income if you find yourself between jobs in your main career. Perhaps you have dreams of turning a hobby into a business. Perhaps you just want to do something different. In any case, having money can make this possible.
Getting the right advice and skills
Money can buy other people’s time, knowledge, and expertise to make your life easier. Whether it’s getting someone in to clean the house and mow the lawn instead of doing it yourself, or going to a professional adviser for financial advice, spending money on getting the right people with the right skills can save you time and hassle. That frees up time and energy for other activities, which can bring you a whole lot more happiness. Instead of washing the dishes, use money to buy a dishwasher and spend some extra time doing something you enjoy. Instead of spending all day in the garden doing basic tasks like mowing and weeding, get someone else to do them and focus on the tasks you actually enjoy. Instead of spending time and effort to try to work out the best way to manage your money on your own, get help from a professional adviser who can provide financial advice and take some time out with your friends.
Staying in touch
No amount of money can replace the people we love. Money can, however, make it much easier to enjoy their company. To begin with money can pay for useful communication equipment to keep in touch with people when it’s impractical to go and see them. Money can make the difference between having a basic phone or even smartphone and one which can handle videocalls comfortably. It can allow people to upgrade from basic TVs to smart TVs with internet access so that people can enjoy quality video calling on a large screen. It can also make it easier to go and visit people face-to-face to let them know how much you value them and their company.