Find out what matters: Having purpose in your life 171
The more you know what really matters to you and you have
meaning and purpose to your life, the more you will care about
what you invest in ﬁnancially.
Your purpose in life could be to become rich and many people
become rich living an authentic life using their talents and
strengths. However, if there is no meaning beyond the extrinsic
reward of money, the level of well-being and satisfaction with
life is not as great as for those who are doing what they love and
What you spend your money on is very often what you value. It doesn’t
matter how much you earn – if you don’t value money itself, it will ﬂy out
as fast as it ﬂies in, on the things you DO value!
As we noted at the beginning of this book, research shows that if we can
pay our bills and earn an average wage, the amount of income increase
after this has very little effect on happiness. People with more money are
only slightly happier and in fact when people get very rich their happiness
levels can actually reduce.
The cost of materialistic values
Several studies have found that the more materialistic people
are, the less happy and satisﬁed with life they are. They are also
more likely to be distressed, depressed, anxious, narcissistic, and
more unhealthy than people who are less materialistic.
Psychologist Tim Kasser highlights the cost of material values
not only to ourselves but to relationships. Materialistic people