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John D. Rockefeller, an Ohio native, started Standard Oil.  Rockefeller was at one point the world’s richest man and first ever American billionaire.  Considering he was a billionaire in the early 1900’s he is still considered as the richest person in modern history.  When a reporter asked him, “How much money is enough?” He responded, “Just a little bit more.”

How much is enough money?  If John Rockefeller always needed a little more will you ever have enough?  And how will you know when you have enough money to make you happy?

Here is a little background to on the money and happiness relationship.  Studies have shown, economic growth in almost all developed countries has brought only a very small rise in the subjective well-being.  Richard Easterlin, an economics professor at the University of Southern California, has researched and “found no significant relationship between happiness and time over a period in which the GDP (gross domestic product) per capita grew by one-third, from 1972 to 1991.  If you follow a single person over time as they move from lower income to higher income, you find no increase i their happiness.”

The most remarkable research is one done between the worlds richest and world’s poorest.  Forbes 400 “richest” list was given a survey and their satisfaction was rated at exactly the same level as did the people of Masai of Kenya and Intuit people of northern Greenland, who have no electricity or running wanter.

Money is a necessity to live but apparently it can’t buy happiness that’s for you to decide.  And as the old saying goes, “Money can buy you a house but it can’t buy you a home.”

One Comment leave one →
  1. Iain Bryant permalink
    February 10, 2010 3:18 pm

    Great article, thanks for sharing. This is truly the antithesis of all that is promoted to us through work/advertisement/media and many individuals.


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