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There’s an age old saying that money can’t buy love. Neither can it buy happiness. But is that true?

Well, it seems that it is true that things and having possessions can’t bring happiness, it is not true that money can’t make us happier especially if there’s a lack of it to go through our days. Research have indeed found out that happiness increases as people’s income increases up to a point and then beyond that there’s no longer a correlation. The point is $75K per month. People aren’t happy if they are poor up to if their income reaches $75K and then beyond that, the increase income doesn’t necessary make them happier.

Also, it is found that money can buy happiness if you use it in a certain way. So while you seek to increase your net income with your hard work and dedication to your trade to reach that point, be reminded that you can have happiness now if you use money for these 3 things.

1. Buy Things That Matches Your Personality

Don’t buy massively, buy what fits you personally. Research at Cambridge university shows this is true, that you are happier if you buy things that fits who you are.

2. Buy Experiences

Pay for experiences rather than buy things. Published study in the Journal of Personality and Social Psychology discover that money used to buy experience increases happiness.

3. Give to others.

It is well known and researched into that you’ll be happier if you buy things for others rather than yourself. Plan your budget with portions of it to give away. That’s one of the surest way to ensure a life balanced with joy and happiness.

Well, there you have it, go to give us some perspective about happiness. My recommendation is to work hard, seek for a level of income that is comfortable and that is your level of greatest happiness. At that level, likely its going to be that you can do point 1 of buying things that match your personality. Then the rest, increase your level of income so that you can do Point #3 to give it to others. Be involved in giving to charity and causes that makes you most happy.

That’s the formula for happiness for you.

Earn up to you being able to do point 1 and 2 and then earn the rest so that you can do point 3.

What do you think? Share your opinion about using money to get your happiness?