Money and Happiness? My journey so far

by maya on September 22, 2009

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It has been a long time - and more than ever before, I have had blog posts sitting in my head.

I have had no excuse - except that I am so insanely busy that I have turned into somewhat of a scatterbrain.

And the fact that I have been thinking about money. Since after all the comments I had on my last post, I am really not so sure what my relationship with money is. Writing that post about money and happiness was rather powerful on me. I re-evaluated my relationship with money, tried to alter it, push it around and really just experiment with it.

I had to think of all kinds of things -
Is money taking too much importance in my life?
Am I too dependent on my relationship with money?
Even if money does not define my happiness, is it defining my life?
Do I need to let go of the stories I told you about money from my childhood?

I have truly enjoyed reading the comments. I have read them over and over again.

I told myself a story that the collective story the comments in my last post told me.

This been a hard time for me. Not financially at all - although I am still not earning any money, but because I have been hard at work on a “self imposed money therapy” - trying to focus on changing my relationship with money and seeing where that takes me. Like Marelisa said to me on my last post, I had to adjust to my new role. I challenged myself to see in what other way I can add value to my own life and family. I truly removed money out of the picture for the past few weeks.

JD Meier dropped his wisdom and creatively pulled my focus away from money and towards wealth. While I focused on money, JD seemed to say that there in lies the problem. Once we have money for basics,we should be thinking of wealth and not money. And I did that.

So, I told myself it is okay. It is really really okay that I do not make money at this point. I am a mom and a wife and an entrepreneur. And all those roles are about anything but money.

When I did the two things above - disconnect from my past, try to adapt to the new situation and see beyond money and into wealth, like Dani says, I did see that more money or stuff does not mean more happiness.

So, I focused on a lot of local non profit work. I am entrenched in Social Media, so I try my best to help non-profits locally - be it through fundraising, engagement and education.

As I did that for a little while, I started to see how I focused more on my passions and truly did something only because I was passionate about it. Life got simplified a lot. It was great. I started doing things because of my passion for education. My passion for children. My passion for making a difference.

But as Vered says, I also started to realize that i was missing on some luxuries. And also started to be aware, as always, the luxuries that my money allows me. A nanny for my kids to let me do what I enjoy once in a while - even if that happens to be a short peaceful nap …

I simplified my life a lot more. My life has always been simple but I simplified it all the more - in my head.

Ram and Ankur both seemed to say that they would donate money if they had more. I thought I might try that too. I have started to donate to causes through Memetales. I really do not save a lot, so I started to give more of my time to my passions. And yes, it has been wonderful. Stop focusing on the money and the money starts to come — like Nicole very simply put it. I am not so sure yet, but I do see a LOT of work (and hence potential money) coming my way. Earning respect, being invited to speak at conferences and so on might not be money, but it certainly qualifies as wealth.

And after all this, I do not know, what is real and what is a perception. It is all blurry to me now. I might need Natalie’s help :)

And then I wondered - Am I becoming the person Sara talks about in her post? By thinking less about money, am I becoming irresponsible? Is it okay to care less about making money?

But then, Ann Marie said it beautifully - and I think I am getting there too. It is more about the cash-flow for me and less about the money in total.

As I get to that point, I wonder, just as Lori says, if me being content with less takes away from my ability to seek abundance.But I am quite certain this is not the case. Abundance is about wealth - and not money.To me, it is about abundance and wealth. If I focus on abundance, wealth and value, the money will come.

It has been a long but wonderful ride - my experiments with money. And it will continue. I am still confused about a number of things - I know that children on the streets would be so much better off with the facilities that money can provide. I know that money is the reason so many “normal” people become homeless in the US. And I know that there is only so much I can do for anyone else if I do not make enough money to pay my own bills ….

But then, I also know that extending my time, efforts and energy has made me feel wealthier than money could ever have. And yes, if I put THAT wealth back into my life, I for sure, will end up making money “money” that I would have done simply. I am sure of that.

In the end, it is about starting an all-new relationship with money. And doing it every so often. I feel SO much calmer on the money front now - not all rectified but just calmer. And I have also understood that it is good for me to be a little paranoid. I have responsibilities (kids) and would hate to be cold and/or homeless. But after a basic point (which is very very minimal) , it is about the wealth I can create in my life. And wealth is all about creating internal abundance, not the stuff.

I am excited to share my money-detox program in my next post. Can you say I am loving this “poor but wealthy state” ?

Have you every challenged yourself to a lifestyle not driven by money? Can you relate to my experience in any way?

  • To answer your questions, no. :) I value the peace of mind financial independence brings, do not think it contradicts at all with simple living, and agree with Marelisa (especially on her last post) that the desire to be rich is completely normal.

    In fact, this is one of the few areas I feel completely at peace with!
  • thinkmaya
    Thanks Vered. It is very interesting to me - people's perspectives as well as my own experiments. I think this journey for me is more about being comfortable with my need to earn money (which means independence and self esteem really).
    But I have also grown aware of HOW much I can do with so little money. And i think it is more about being comfortable with the aspect of money - no matter what our relationship with it is.
  • Davinahaisell
    Hi Maya. I continue to dance with money issues. Lately things have been "comfortable". I honestly don't have a reason why. It just happened. About a month ago I decided to keep two $50 bills in a small wooden box. I "tune into" it every morning. Sometimes I pick it and hold it. Might sound silly, but it's comforting in a way. To leave it there and not spend it.
  • thinkmaya
    I totally understand that actually. I have never done that myself but having a bank balance has always meant SO much to me. It is a license to not have to worry about money.
  • I love the photo! Without money, we'd all be rich. I'm constantly working on my new "relationship" with money. It's an ever evolving thing for me, and for most people I think. :) Being aware of it is half the battle.
  • hi ma'am ... i keep asking myself the aforementioned questions all the time and i think the last few days have forced me to think harder .. i have just returned from a wonderful vacation to jaipur, which was made wonderful partly because we stayed in a 5 star hotel ( not boasting here .. we're just lucky coz my dad is in the finance ministry and has contacts).
    Nevertheless, i was lectured by my parents during the whole trip about how money/power can buy you so much and hence i should work harder and build a good career.. i remained unconvinced by most of their arguements, but later that night before i retired to my bed. i thought honestly and realized that i like to explore places, explore life in general. for example, had it not been for my stay in that hotel, i would never have known about the latest bathroom fittings( which took me 10 minutes to understand how to use) , i would never have known how people behave socially the way they do, i would never have known how 'cheese souffle' or chocolate mousse' tasted .. the list can go on ..

    i have always liked a simple lifestyle, but the standard of that simplicity keeps rising .. i dont know, im quite confused .. wish i had a magic wand which me made me visit places, explore life and got me back to being poor/austere .. maybe, i am coming round to the view that apart from meeting your requirements, you need money to increase your knowledge about life,people,the world.. and to improve your personality..

    there are no general rules of course as everyone has different tastes and opinions .
    regarding the challenge to lead a completely non-materialistic life.. that is hard ... in my opinion, if you are interested in something that is not very financially rewarding , you will still enjoy your job more than a guy who is minting millions but curses his life every single day..

    having said all of that, i am just 22 years old.. maybe, i have to experience much more to actually form a solid view about the importance of money.. because i may not have seen all the facets of life yet.

    PS: this subject is always debatable !!
  • Nicolas123
    Hi,

    interesting thoughts!

    I believe it’s not possible to make a general statement on whether money makes people more or less happy. Money comes with a whole set of new elements that may have good or bad impact on our happiness, and depending on how susceptible we are to every one of them, the conclusion will go one way or the other (i.e. different from person to person).

    I recently made an effort to provide a more comprehensive picture of what these ad- and disadvantages are. I invite you to have a look at http://www.spreadinghappiness.org/2009/08/money... and tell me what you think!

    Thank you,

    Nick
  • Ramkumar
    Lovely post! You have created a really fascinating narrative out o the hodge-podge of comments to your last post. Oh, and I also absolutely love the picture you've prefaced the post with. Touche!

    I have a question - what exactly do you mean by abundance? To me "abundance" suggests "having a lot more of something than one needs". When put that way, it is not a desirable place to get to, for me. I feel that having an "abundance" of something makes us lose respect for its value - in other words, it cheapens the experience. But maybe you are not talking about "material abundance" but something else.

    It is neat idea to periodically re-evaluate one's relationship with money and do a reset every so often. I think I'll give that a try!

    I cannot say I have challenged myself to a lifestyle not driven by money - my income is a key reason why I manage to afford my current state of affairs - but I have definitely attempted to actively disconnect money from several choices and decisions - with mixed success. Some of them actually end up being luxuries (such as choosing to organic produce and shop at a local store instead of a big box supermarket) - I can do these only because I can afford it. Other decisions included things such as sticking with our old furniture, old TV, or purchasing used stuff on Craigslist and such not because we can't afford new stuff, but because what we does the job fine, and I'd rather not contribute to waste/trash if I can avoid it.

    Can't wait to hear about your money-detox program and see if there are any cool ideas I can borrow! Poor-but-wealthy sounds like a lovely state to be.
  • Arun Radhakrishnan
    Hey Mayu,
    Great post! Read your blog once in a while and it is always interesting. I quit my job in June 2009 and haven't been earning any money either, so have also struggled with similar issues. I think we are all conditioned to a great extent as to the things that we value from when we are young. You said it well - money is important, but only to an extent. I saw a great PBS program a few days ago called "Finding Happiness" which came to the same conclusion among others. I was earning a nice fat salary doing something I stopped enjoying years ago for three reasons I can think of : money, social contact and no clear alternative. I have saved up, so it isn't really an issue like you point out but I find I have become more frugal. In some ways, I like it because it forces me evaluate what I really want and need. There are tons of things to do which are fun which don't involve much money but there are other factors that hold us back from expressing ourselves fully - fear is a big one. I also see interesting "money balances" - a few books at Half Price Books for a coffee at Starbucks, a new musical instrument for a vacation. For me, the choice of what enriches my life more is pretty clear most of the time. At the same time, I do indulge myself once in a while. In some way, I am trading money for time. I now have the time to enjoy some of the things I bought - time to learn/play music, time to read, time for photography, time for some projects around the house. When I was student several years ago, I had time and no money. Then I was working, and I had money and not much time. Now I have enough of both, but no "cash-flow" like you say. The main thing I felt that was lacking after I left my job is social contact. I have learned to come to terms with this over time. When I was working, I had a crazy long term money goal which would allow us to be "free" :) This didn't materialize but I'm not disappointed either. At my job, I was very stressed out and ended up destroying my health.
    I was surprised to read that you think of yourself as having grown up in mild poverty. Having grown up with you, I always thought of your family as being rich. You had a nice big house, one of the first cars in the neighbourhood ( I remember the Dolphin and later the Maruti), you used to take classes outside school, you had Walkmans, etc. I think that was the nature of your dad and so he was truly wealthy in his generosity. I was not aware of the financial difficulties. I used to think of ourselves as poor, at times my dad asked my mom not to buy biscuits, certain vegetables, etc. He was also very strict with spending money. I remember him resoling our shoes, etc. But there were ebbs and flows. Finances improved a lot much later. I think some of these early experiences help us handle money more carefully.
    Anyways, I have rambled on :) On a broader note, the PBS program eventually came to a conclusion that "happiness is a result of shared experiences with people you love". Having just returned from a Vipassana meditation session, perhaps happiness is being equanimous with whatever experience we are having.
    take care
    Arun
  • thinkmaya
    Hi Arun,
    It is so good to see you here!!
    Yeah, if you ask my sisters about how wealthy we were growing up, I am sure you will get very very different answers. I guess I was more aware of the cash flow issues my dad was having :) I have grown to realize that cash flow is what matters to me - true reason I was getting so stressed as a non-earning memeber of the family was that I am not contributing to our cash flow the way I used to - and with two little kids - more money goes out than in.
    My dad was very generous yes. He still is. I am and will always be a lot more frugal than he was. But he did teach us to value experiences as a family. Travel, eating out once in a while etc. And yeah, our parents got a lot richer after we all left home :) Glad we all got scholarships etc for grad school eh?
    To add to your final point, I have to agree that happiness is mostly in experiencing the present. I have been happier than I have ever been in my life - even at a point when a lot of my family and friends think I am crazy to go the entrepreneurial route :)
    Would love to know what else you have been doing ...take care!
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