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Money Does NOT Buy Happiness


 

"If you want to feel rich, just stop and count the things you have that money can't buy."


-Unknown

 

I'm eating alligator while watching a group of musicians play street jazz in New Orleans. I've never been to the Big Easy before. It's really fun; it was kind of like the jazz version of Austin or Nashville - music everywhere. I'm in town for a wealth management conference. 


I've done a lot of studying in the world of economics and investments and it kind of feels like everyone should make rational decisions; after all, that's what we assume in economics. At a session on behavioral finance, the speaker tells us that most humans compare themselves to one another, whether they know it or not. What he said next stuck with me. He said that most people don't care if they make more than person A; they only care that they don't make as much as person B. 


It made so much sense but I've never heard it articulated before. It's difficult for us to be happy with what we have. Instead, we spend our time and energy chasing more and more in the hopes of finally being happy.