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The Happiness Myth: Why Money Can’t Buy What Matters Most (And What Actually Can)

Check out the 3-part series:)

What Are You Chasing?

We chase it relentlessly. We sacrifice relationships for it. We measure our success by it. Money, we’re convinced it’s the answer to happiness. Yet Harvard’s 80-year study on adult development tells a radically different story. After following hundreds of people from young adulthood through old age, tracking every variable imaginable, researchers discovered something that challenges our deepest cultural assumptions: the things we think will make us happy, and the things that actually do are often completely different.

The Illusion We All Believe

From childhood, we’re taught that financial success equals happiness. Get good grades, land a high-paying job, buy a house, accumulate wealth, follow this formula and happiness will follow. This narrative is so pervasive that we rarely question it. We see wealthy people and assume they must be happier than the rest of us. We believe that if only we had more money, our problems would dissolve and contentment would arrive.
The Harvard study included people who became extremely successful financially, such as business executives, lawyers, and doctors, earning impressive incomes. It also included inner-city residents who struggled economically throughout their lives. If money were the key to happiness, the pattern would be obvious. The wealthy participants should have been healthier, happier, and more satisfied across the board.

But The Truth Is

That’s not what researchers found. When they analyzed decades of data, financial success showed surprisingly little correlation with life satisfaction, health outcomes, or happiness in later years. Some of the wealthiest participants ended up miserable and isolated. Some who never achieved financial success lived deeply fulfilling lives surrounded by loving relationships.
The disconnect between what we believe about money and what actually predicts happiness represents one of the most costly mistakes we make. We spend our lives pursuing something that can’t deliver what we really want.

What Money Can and Cannot Do

This isn’t to say money doesn’t matter at all. Financial stability provides security, reduces stress about basic needs, and creates opportunities. Research consistently shows that money does increase happiness, up to a point. Once your basic needs are met and you have some financial cushion, additional wealth shows diminishing returns on wellbeing.
The problem is that we keep chasing more even after crossing that threshold. We sacrifice time with family for overtime pay we don’t need. We take high-stress jobs we hate because of the salary. We move away from our communities for career advancement. We’re so busy climbing the ladder that we don’t notice it’s leaning against the wrong wall.


Money Buys Comfort

Money can buy comfort, experiences, and temporary pleasure. It cannot buy the things the Harvard study identified as crucial: deep relationships, a sense of purpose, and feeling genuinely known and valued by others. You can hire people to be around you, but you cannot purchase an authentic connection. You can buy entertainment, but not meaning. You can afford the best healthcare, but loneliness will damage your health anyway.
The wealthiest participants in the study who prioritized career over relationships often found themselves successful but alone. They had impressive resumes and bank accounts, but nobody to share their lives with. In their final years, not one of them wished they’d spent more time at the office or accumulated more wealth.

The Real Currency of Happiness

If money isn’t the answer, what is? The Harvard research provides clear direction: relationships are the real currency of a good life. The quality of your connections at age 50 predicts your health at age 80 better than your cholesterol levels or your net worth. The satisfaction you feel in your relationships matters more than any other factor researchers measured.
This finding is both challenging and liberating. Challenging because we’ve built our lives around different priorities. We’ve neglected friendships, sacrificed family time, and delayed personal relationships, believing we should “get established” first. Liberating because the path to happiness is more accessible than we thought. You don’t need wealth or extraordinary circumstances; you need to invest in the relationships right in front of you.
Think about what this means practically. That promotion requiring 70-hour weeks might increase your salary but decrease your happiness if it costs you time with loved ones. The impressive house you can barely afford might provide status, but it creates financial stress that damages your relationships. The career move to a new city might boost your resume, but sever the community ties that support your well-being. We’re making these trade-offs constantly, usually without conscious awareness. We assume we’ll have time for relationships later, after we’ve achieved financial security. The Harvard study shows this is backwards. The relationships are the security. Everything else is secondary.

The Success Stories Nobody Talks About

When the researchers looked at who thrived in their 70s and 80s, who was healthy, happy, and still engaged with life, they weren’t the wealthiest participants. They were the ones who maintained close relationships throughout their lives. They were people who prioritized family dinners over networking events. Who said no to career opportunities that would have separated them from their communities? Who invested time in friendships even when their calendars were packed.
One participant became a successful businessman but always made time for weekly dinners with his siblings. Another never earned a high salary but was deeply involved in his neighbourhood and religious community. In their later years, the businessman’s wealth couldn’t prevent his loneliness after prioritizing work over relationships. The lower-income participant with strong community ties thrived, surrounded by people who cared about him.
The study’s most important finding is that our lives don’t have to be extraordinary to be happy. We don’t need fame, fortune, or exceptional achievement. We need people who know us, care about us, and show up for us through life’s ups and downs. This is achievable for virtually everyone, regardless of income or circumstances.

Redefining Success

Perhaps the most radical implication of this research is that we need to completely redefine what success means. Our culture measures success by salary, title, possessions, and achievements. We celebrate people who sacrifice everything for career advancement. We admire workaholics who climb to the top of their fields.
But what if we measured success by different metrics? What if we asked: How many people genuinely care about you? How connected do you feel to your community? Can you name three people who would drop everything if you needed help? Do you have regular, meaningful conversations with people who know you deeply? These questions predict your future happiness and health far better than questions about your bank balance.
This shift requires courage because it means swimming against cultural currents. It means potentially earning less, achieving less conventional success, and appearing less impressive on paper. It means admitting that we’ve been chasing the wrong things and having the humility to change course.
The Harvard participants who ended up happiest weren’t those who never made mistakes. They were those who recognized their missteps and corrected them. Some prioritized career early in life but eventually shifted their focus to relationships. Others maintained balance throughout. The common thread was the willingness to value connection over achievement when the two conflicted.

Making the Shift: From Money to Meaning

So how do we actually change course when everything around us screams that money matters most? Start by recognizing that this isn’t about becoming irresponsible with finances or abandoning career ambitions. It’s about reordering priorities. Money and career success aren’t inherently bad; they become problems only when we sacrifice what actually matters to pursue them.
Evaluate your current trade-offs honestly. Are you working extra hours for money you don’t need while your relationships suffer? Are you living somewhere that maximizes income but minimizes community? Are you so focused on providing financially for your family that you’re not actually present with them?
Begin making small shifts. Turn down the project that would mean missing your kid’s events. Choose the job with a better work-life balance over the one with higher pay. Invest time in friendships even when you’re busy. Host dinners. Join community groups. Show up for people. These choices might feel insignificant compared to major career decisions, but the research shows they’re actually the most important decisions you’ll make.

Prioritize Relationships

Eighty years of research delivers a message our culture doesn’t want to hear: money doesn’t buy happiness, at least not the kind that lasts or the kind that matters. The participants who lived longest and happiest weren’t those who accumulated the most wealth. They were those who invested in relationships, who built communities, who showed up for people consistently over decades. This isn’t just feel-good advice; it’s hard science. Your relationships predict your future health and happiness better than your income ever could. The question isn’t whether you can afford to prioritize relationships over money. It’s whether you can afford not to.

Zsolt Zsemba

Zsolt Zsemba has worn many different hats. He has been an entrepreneur, and businessman for over 30 years. Living abroad has given him many amazing experiences in life and also sparked his imagination for writing. After moving to Canada from Hungary at the age of 10 and working in a family business for a large part of his life. The switch from manufacturing to writing came surprisingly easily for him. His passion for writing began at age 12, mostly writing poetry and short stories. In 1999, the chance came to write scripts. Zsolt took some time off from his family business to write in Jakarta Indonesia for MD Entertainment. Having written dozens of soap operas and made for TV movies, in 2003 Zsolt returned to the family business once more. In 2018, he had the chance to head back to Asia once again. He took on the challenge to be the COO for MD Pictures and get back into the entertainment business. The entertainment business opened up the desire to write once more and the words began to flow onto the pages again. He decided to rewrite a book he began years ago. Organ House was reborn and is a fiction suspense novel while Scars is a young adult drama focused on life’s challenges. After the first two books, his desire to write not only became more challenging but enjoyable as well. After having several books completed he was convinced to publish them for your enjoyment. Zsolt does not tend to stay in one specific genre but tends to lean towards strong female leads and horror. Though he also has a few human interest books, he tends to write about whatever brews in his brain for a while.

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