In this day and age, money has become a particularly salient aspect of one’s life. As we all know, a myriad of people have a radically different perception of the same. Subsequently, it has been widely argued that many individuals consider money to be an important factor in gaining happiness in life. There can be no doubt that this notion appears to be valid due to the fact that with the help of money, one can buy a number of things. Moreover, it is undeniable that money can help individuals to improve their quality of life.
To begin with, it has been seen that money can help in fulfilling materialistic desires. In other words, one can’t be oblivious to the fact that having the latest technology, cars, and houses is considered equivalent to happiness. It should also be emphasized that many people desire the possession of luxurious things in their life. Having these would give them a sense of accomplishment which leads to happiness. For instance, some people like sports cars, but they are quite expensive so if you have infinite money, nothing can be off limits. Therefore, it is indubitable that many bring affordability which is directly linked to happiness.
Other than this, the key point to note is that money can improve the quality of life when spent intellegently. To elaborate, there is no denying that having a good standard of living, affordability for medical expenses, and having time & money for travel is equally comparable to happiness. With the inflation from last decade, medical and traveling bills have become quite expensive. It should also be noted that it is utterly impossible to afford these bills with average income. However, having access to more money can solve these problems hence improve the overall standard of living.
For example, money can help cover medical expenses out of pocket which are not included in most of the insurance policies. Admittedly, it is evident that money can improve the overall well-being of an individual which leads to happiness.
The obvious conclusion to be drawn is that financial freedom is an important factor for happiness as it increases the purchasing power of individuals. Apart from this, money has helped in achieving the materialistic things which are linked to happiness in life. It can also improve the quality of life by providing the access to travel and having the ability to pay medical expenses easily. Nevertheless, life would surely be a better place to live in if every person had enough money to fulfill their desires.