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MONEY, HEALTH AND HAPPINESS
Written by: James LaddArticle Overview: If at this particular time in your life the accumulation of wealth is high on your priority list and you are spending the better part of your waking hours pursuing the almighty dollar, then perhaps you will be interested in a study that recently came out of the University of London. The University has created the financial equivalent for life's pains and pleasures. It has made some surprising and fascinating finding!
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MONEY, HEALTH AND HAPPINESS
If at this particular time in your life the accumulation of wealth is high on your priority list and you are spending the better part of your waking hours pursuing the almighty dollar, then perhaps you will be interested in a study that recently came out of the University of London. They managed to create the financial equivalents for life's pains and pleasures. For example, the study has attached an improvement in health from "very poor" to "excellent" provides as much happiness as an extra $631,000.00 a year. By contrast, a decline in health from "excellent" to "poor" has a psychic cost of $480,000.00 in financial losses.
In terms of interpersonal relationships, increasing time with family and friends to "most days" feels like getting a $179,000.00 raise, talking to your neighbours frequently is worth the equivalent of approximately $79,000.00.
The study found too that an individual who sees friends or relatives less than once a month to never would require an additional $133,000.00 annually to be just as satisfied as someone who sees friends or relatives on most days.
The point that I am trying to make here with the help of this unique study, is that the accumulation of wealth and the joy of material possessions doesn't last as long as the feeling you get from spending quality time with your family and friends, and the University of London's research seems to reinforce this assertion with a novel way of demonstrating it. Money buys happiness, but not a lot of it," says Powdthavee, a social economist at the universities Institute of Education. And I will take that one step further and suggest that what happiness money does buy is short lived.
The implications to ones health should be readily apparent in this discussion. A life led for too long without balance ultimately results in ill-health or "dis-ease," costing close to the equivalent of $500,000.00. Being able to balance ones time in ways that nurture the four dimensions of self; emotional, intellectual, physical and spiritual, is worth more than $600,000.00.
One disturbing finding in this study was that if given a choice between more time with family or friends, or its six figure psychic equivalent, most would take the money and run.
Would you?
According to professor Daniel Gilbert of Harvard University, almost all of us have affective forecasting; that is the sense that we mis-predict what would make us happier in the future.
Do you need some help in sorting through what you see as valuable to your health and happiness? As your personal coach I can help with that!
~James Ladd
Living a Life of Balance and Happiness is at Least AS Important As Financial Goals
12 Qualities of Happiness
Time, Money and Life-Balance, Part 3 Life-Balance
The Key to Health and Happiness Lies Far From The Workplace
Pursuit of Happiness
Article Tags: accumulation, almighty dollar, assertion, decline, economist, equivalents, family and friends, financial losses, happiness, ill health, institute of education, interpersonal relationships, material possessions, neighbours, nurture, quality time, relatives, time with family, university of london, waking hours
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About the Author: James Ladd RSS for James's articles - Visit James's website  Click here to visit James's website   THINGS YOU MIGHT FIND DIFFICULT THE PARADOXICAL WAY WE LIVE LIES EVIL AND NARCISSISM REINVENTING YOURSELF MOST OF US REMAIN STRANGERS |
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