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The Rules of Wealth, 3rd Edition by Richard Templar

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RULE 15

Money and happiness – understand their relationship

There are lots of things that will make us miserable – losing a partner, being made redundant, getting sick. And loads more. There are quite a few related to money and gaining or spending thereof.

Remember:

  • too little money can make you miserable
  • too much money can make you miserable
  • too much stuff can make you miserable
  • not having enough can make you miserable.

I think what we have to grasp pretty well from Day 1 is that money and happiness are not necessarily the same thing. Money doesn’t buy happiness. This is a common mistake people make. It isn’t going to be one you make. You can be poor and happy. You can be rich and happy. You can also be either poor or rich and miserable. ...

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