May 21, 2018 | By More


I was at a coffee store a few days ago doing some work and I could not help overhearing the conversation that the table beside me was having. As I took off my headphones, I heard one of them say in an emphatic voice that money cannot buy you happiness. I was struck by this statement and I’ve been reflecting on it since then.

I’ve come to realize over my 31 years in the financial world that money is no more than a tool to help shape our world around us. You see, there is only three things you can do with money: Spend it, Save it and Give it away. It’s all up to us to decide what we will do with the money that flows through our hands over time. We need to be clear on our life goals and objectives over the short and longer term. We need to be clear on our values and our attitudes towards money.

Take the time to listen to the daily dialog that you have about money. Make note of it. Is it a positive, supportive dialog? Are you treating money, in all its modern-day forms, with respect? Have you made your budget to help you manage the way you are allocating your money to the various areas of your life that are meaningful to you and your family?

The simple act of buying a coffee for a friend can bring you joy. The simple act of donating money to a charity that resonates with you can bring you joy. The simple act of taking a trip with your family to a far away place can bring you joy. Become conscious of your spending habits and make appropriate changes to get back into alignment with your goals. And yes, money can buy you happiness!

Daniel Roy is the principal instructor of the Ottawa-based Praxis Wealth Institute.  He is a Certified Retirement Coach, Certified Financial Planner as well as public speaker.  He is the author of “The Essential Guide to Retirement Readiness”.  He conducts workshops and courses on the subject of winning the game of wealth creation.




Category: Articles, Self Development

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