Does Money Make One Happy?

 Money is kind of weird sometimes, it does get you what you want and other times, it does not help at all. But how much money will truly make one happy? Turns out a crew of researchers has actually figured that number out.

A new study shows the further a person’s salary falls below 75,000 a year, the more unhappy they are. That puts most women behind the 8-ball. The median income for women with a bachelor’s degree runs less than $40,000 bucks per year. Men at the same level make nearly $60,000 a year.

Money can equate with -- for some people -- with power, with security. Experts say women can boost pay even in this economy. The top tip: justify a pay raise by showing-off your accomplishments. Second: work smart -- those who impact the bottom line get the biggest bonuses. And lastly: know the "going rate" for your position. Researchers say making less money makes people feel more helpless, especially in terms of health and relationships. While the U.S. ranks 5th amongst 151 nations in terms of happiness of residents -- it also ranks 5th in overall stress level, too.

So does money really make you happy?

Fulfillment, pride in achievements and work is what makes Forbes list members happy. Not their money. Their money is a means to an end rather than the end in itself. And it gives you additional perks too. For example:

·         Additional status and respect - people look up to you.

·         More control - you can avoid or delegate unpleasant tasks. 

·         Increased fun - like shopping, travelling and other leisure pursuits. 

·         Special moments - especially with others. 

·         Unique opportunities. If you're wealthy you can help others and achieve amazing things. Like Bill Gates, Warren Buffet and James Martin.

And here are some of the things that can actively detract from one’s happiness in relation to money:

·         Aspirations that don't match your means.

·         Perceptions about wealth which are untrue in relation to your real situation. For example thoughts like ‘I don't have enough money' when you do.

·          Materialism - expecting extrinsic things like status, possessions or money to boost short term happiness rather than intrinsic things like purpose which builds happiness long term.

In short having money and using it to buy experiences boosts happiness while wanting stuff detracts from it.