Jeannie
Mongan
Mrs.
Heisler
English
III AP, Period F
11
February 2015
Wealth – Money or Happiness?
If one is to type the word “wealth” into
the search bar of Google Images, only one concept pops up: money. A plethora of dollar bills, gold coins, and
dollar signs continue endlessly from page to page with the occasional image of
a private jet, a shiny Lamborghini, or a smiling Oprah. Today’s society automatically links wealth
with this utopian lifestyle of exclusive fame and overwhelming fortune,
forgetting that wealth can mean more than the materialistic conceptions. To see beyond the stereotypical view of
wealth is to see wealth as a flexible word that describes not only one’s financial
worth and power, but also one’s interpretations on happiness and well-being.
The literal definition of wealth has
become more fixated on the idea of financial riches over the past
centuries. Dictionary.com states that in
the mid-thirteenth century, wealth specifically translated to mean “well-being”
or “health” with also a relation to “happiness” (“wealth”). By the fourteenth and fifteenth centuries,
the idea of wealth as more of a description of “possessions and prosperity”
began to stick as the social norm ("wealth,
n"). According to Roget's Thesaurus, words like affluence,
abundance, richness, revenue, and security all have a similar meaning to wealth,
while words like debt, poverty, and scarcity are considered contradictory
(“wealth”). With these definitions,
synonyms, and antonyms, one can begin to escape the narrow definition and
expand on the understanding of wealth as both a word of welfare and affluence.
Besides money, another word that is often
lumped in with the interpretations of wealth is power. Society considers men like Steve Jobs, Bill
Gates, and Warren Buffett as not only wealthy people but also as authoritative
individuals. This general assumption is
based off of the fact that all three men are loaded with cash. Did the public consider them powerful because
they are rich in family relationships?
Did the population say they are wealthy because all three are involved
in a profusion of charitable works? When
asking the students of Notre Dame Preparatory whether they considered Bill
Gates to be wealthy and/or powerful, all replied yes; when questioned why they
believed this, all answered with a reply regarding his abundance of money. Society’s limited view of wealth exposes this
naïve public awareness. There is more to
wealth besides money and power.
As one can observe in the modern world,
the “possessions and prosperity” aspect of wealth continues to be today’s
belief. The wealthy in society are the
ones who have money or assets and investments.
But how much money truly declares a person to be “wealthy” in financial
terms? Time took a survey of people with assets between one million to
five million dollars in 2013 and found that only twenty-eight percent answered
yes to the question: “Do you consider yourself wealthy?” (Tuttle). When asked what it takes to be considered
wealthy, fifty percent replied, “having no constraints on activities” (Tuttle). With this said, one must clarify what
qualifies as these so called “activities.”
If these activities include going on shopping sprees in Paris, traveling
the globe for pleasure, or renting a house in the Hampton’s every summer, than
one’s financial income would most certainly fall in the group with assets
between one million to five million. But
if these interests are representatives of a simpler lifestyle, such as being
able to put food on the table for a family of four daily, paying for typical
medical expenses, or shopping at Target for new clothes when needed, than one’s
income would not be as high. With the
interpretation of what makes a person wealthy comes the interpretation of what
activities create an enjoyable lifestyle.
Wealth does include a description of financial stability, but one’s view
on stability does, as cliché as it may sound, depend on the “eye of the
beholder.”
Wealth is related to happiness. Gandhi once said, “Seek not greater wealth, but simpler pleasure; not higher fortune, but deeper felicity” (Ghandi). Instead
of measuring one’s wealth through the amount of possessions, wealth can also be
gauged by how delightful relationships are, how enlightened one feels after
attending school, or how fun it is to be a part of a sport. How happy one feels is also a measure of how
wealthy one is. Personally, I feel
extremely wealthy because I have a loving family, a school I can thrive in, a
team to play with daily, a bed to sleep in, and a faith religiously that
grounds me. All these aspects of my life
are the source of my happiness and well-being.
There are many factors that bring about diverse interpretations of one’s
well-being, such as culture, age, religion, location, social status, and
economic status. A homeless man in
Phoenix will have a different gauge of happiness than an entrepreneur of Upper
East Side New York City. In some
instances, there can be excessive wealth in the midst of poverty. Yes, money can also be the source of one’s
happiness and health, but that does not mean it is the only object that defines
one’s wealth. The ideas, feelings, or
objects that are responsible for the joys in life are the points that can help determine
how wealthy one is.
Even someone with an abundance of money
and assets can struggle to find joy in life.
So are unhappy people truly wealthy?
Is one’s genuine happiness more important than materialistic possessions?
Can money buy anything that will bring
happiness? But does cash buy lasting
relationships or a loving family? Those
who have money but no happiness are not truly wealthy. Money can definitely bring temporary joy for
oneself, but soon one will need more money to replace that temporary
pleasure. The only proven evidence of
money buying happiness is when the beholder of the financial riches invests in
others, or donates parts of his or her earnings to benefit an individual or
group. Authors Elizabeth Dunn and
Michael Norton of nonfiction book Happy
Money: The Science of Smarter Spending found the typical ratio of people
choosing to spend on themselves versus others is ten to one (Flynn). No wonder society has a misconception
regarding the relation between one’s earnings and one’s well-being. Dunn and Norton also went on to mention how companies
like Pepsi and Google boosted their employees’ moral through the partnership
with DonorsChoose.org (Flynn). If giving
back can create a happier environment for these gigantic companies, than
donating to others can bring a lighthearted mindset to any individual. To come to a sense of true wealth, maybe
looking into improving the lives around oneself is the best way to go.
Wealth has a much deeper meaning beyond
its monetary definition. The idea of
wealth can also be an adjective in describing the how happy one feels in his or
her life or a depiction of one’s well-being.
Both thoughts work off one another through the sense that money can buy
happiness only if it is being used to improve the life of another. Each person’s personal view on what makes him
or her wealthy has a lot to do with the type of lifestyle he or she chooses to
live. Society must remember to have a
flexible perspective on these definitions; otherwise the misconception of
wealth as only as description of one’s financial worth will cloud one’s
judgment on the true values in life.
Works Cited
Flynn, Francis J. "Research: Can
Money Buy Happiness?" Stanford Graduate School of Business.
Stanford University, 25 Sept. 2013. Web. 8 Feb. 2015.
Gandhi, Mahatma. "Quotes About
Wealth." Goodreads. Goodreads Inc., n.d. Web. 8 Feb. 2015.
Tuttle, Brad. "What It Means to Be
‘Wealthy’ in America Today." TIME. Time Inc., 24 July 2013. Web. 8
Feb. 2015.
"wealth."
Dictionary.com Unabridged. Random House, Inc. 08 Feb. 2015.
"wealth." Roget's
21st Century Thesaurus, Third Edition. Philip Lief Group 2009. 08 Feb. 2015.
"wealth, n." OED
Online. Oxford University Press, December 2014. Web. 8 February 2015.