Does money buy happiness? Does being rich lead to more happiness? David Jaffee with BestStockStrategy.com
and in this video we are going to look at the best way and the
easiest way for regular people to be happy. In my opinion being rich does
definitely help people be more happy as long as being wealthy and rich leads to
less stress. There are many situations where during the journey of becoming
wealthy people have to make tremendous sacrifices and also they endure a
tremendous amount of stress. In those situations, in my opinion, people would be
better off for going the extra wealth because the wealth is not worth the
incremental stress that the attainment of the wealth is going to bring along
with it. As a result I, while I recognize that our society values wealth and it
also values people people with high social status, I can tell you that being
wealthy and rich definitely allows you to be happier as long as it is not
directly correlated with those individuals having more stress in their
life. Remember that less stress plus better habits equals a better life. Let
me repeat that: Less stress plus better habits equals a
better life now wealth is one component of less stress because when you're
wealthy then you have one less thing to worry about that is going to bring about
stress for example you do not have to worry about paying for food or
paying for car insurance or health issues or paying
your rent but at the same time it is the sacrifices that people make especially
when they sacrifice their own integrity and their own free will. The necessary
sacrifices that many people have to make in order to obtain wealth are what I
have seen led to a strong degradation in people's overall quality of life. I saw
this happen when I was working as an investment banker where a lot of the
managing directors and the the more experienced bankers were extremely
unhappy whether whether they were vice president's executive vice presidents or
managing directors many of them had unhealthy coping mechanisms whether it
was alcohol drugs or excessive womanizing so while I definitely believe
and in an ideal situation you would have a lot of money a little bit of stress
and amazing habits if I had to choose I would definitely choose having better
habits and less stress than having more money and having more stress because
from my experience what I have seen has a direct correlation to a
better life is by optimizing your habits and by reducing your stress. A few other
things that are really important in this day and age is extremely easy to engage
in comparisons you go on Facebook you go on Instagram I view those social media
channels as a way of engendering and bringing about substantial unhappiness
in our society I view those channels as ways for people to value and view
themselves in comparison to other people they look at how many likes and other
photo gets and then they compare that picture from another person against how
well liked the content that they produces they look at another girl's
airbrushed photo or another person's Photoshop photo
where someone travels to and then they look at that as a status symbol and then
they compare their life against the perfect portrayal of someone else's life
I can tell you that you should never engage in comparisons with anybody else
Now in a way I am extremely hypocritical in this specific regard because on my
youtube channel I put out a lot of exposing scammer videos now in a way
this is a little bit of a comparison because I'm telling you that these
people's products are in my opinion scams and they're oftentimes fraudulent
Like in my opinion as I've said on numerous occasions all the day traders
all the forex traders all the penny stock gurus are in my opinion fake gurus
and their fraudulent now I will eventually stop putting out these videos
and by me telling you to not engage in comparisons and them by me putting out
these videos I am definitely being hypocritical however at the same time I
recognize that I do need to be practical and when I put out these videos they are
oftentimes my most popular videos some of them get upwards of 50,000 views and
it increases my brand and it also increases the you know the amount of
exposure that I receive on my channel so I figure that as long as I provide my
opinion on these people and it's rooted in substantial truth and it also is
helping people because I receive a lot of emails and a lot of positive comments
from people that are extremely grateful and thankful that I am exposing these
scammers but at the same time it's important to recognize that these videos
do take their toll on me and I will eventually stop publishing these scammer
and spammer exposed videos because I simply want to
focus on myself I want to be selfish and focus on on aggregating and marketing
myself and showing that what I provide provides the absolute
best benefits to everyone out there. That by me increasing the awareness of how
much I care for my students and the amount of results and the results that
we frequently receive that we frequently get for all of our students this is in
my opinion the best way of not only increasing the awareness but also making
me feel good. So even though I'm telling you to not engage in comparisons I do
think that in my specific situation where I am putting out videos that if I
do it for the short-term future it's not something that I enjoy but I will
continue to do it probably for the next I would say six to twelve months and
then you will see that I will no longer publish those videos but from your
perspective you should not engage in comparisons unless it is part of your
job and the reason is that it is not going to bring you any happiness and if
anything it is just going to add incremental stress to your life.
Regarding myself I have OCD and when I was younger the OCD was a lot worse
thankfully now it is a lot better and it is under control what I can tell you is
that health is wealth so maybe you don't have a million dollars in the bank maybe
you are in debt but as long as you're healthy and as long as you have good
habits then you are extremely wealthy. Health + good habits equals wealth do
not judge yourself in comparison with anybody else because you do not know
what is going on behind closed doors you don't know how those people spend their
time when nobody is watching. A lot of them are addicted to opioids or they eat
bad food or a lot of them are they're alcoholics you need to judge people
based upon their habits based upon their intent
and actually not judging people at all is for all intents and purposes the best
way to not bring any stress into your life. If you can be selfish and focus on
yourself and develop and learn important and valuable skills and also
precipitate and learn very positive habits and you can also reduce your
stress then in my opinion that is how you can be extremely wealthy. So just try
to keep it as simple as possible and reduce your stress and improve your
habits and you will be wealthy. So to answer the question that I asked at the
beginning of this video because being wealthy and being rich lead to more
happiness the answer is yes it can but it must also be accompanied by a reduced
amount of stress and extremely good habits and if the pursuit of that wealth
increases the amount of stress that you introduce into your life then I would
highly recommend not pursuing that wealth because the pursuit of that
wealth is going to degrade the overall quality of your life. David Jaffee with
BestStockStrategy.com you can go to BestStockStrategy.com enter in your
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you believe wealth and being rich leads to increase happiness in life I answer
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comment below and I appreciate your attention.