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Money + Success = Sadness?

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By on Career and Money Smart Living

Orlando, Fla. (Ivanhoe Newswire) — We all chase success — financial security, career milestones, bigger goals. But for many, the higher they climb, the less satisfied they feel. one report shows 73 percent of professionals set sky-high expectations for themselves, and more than half admit they rarely meet them, taking a toll on their happiness.

Money, promotions, success. Most of us believe these things will deliver happiness, but research shows the payoff may not last. Studies find that happiness rises with income, up to about 500 thousand dollars a year but beyond that the boost levels off.

“There is no single answer for enough,” said M Clark Canine, MA, LMHC, NCC, The Counseling Group.

In fact, two-in-five adults say money actually harms their mental health, even among higher earners. promotions feel great until the glow fades and the chase begins again.

“Oh, well I just don’t have enough success, so I guess I need to have another promotion,” said Canine.

Experts call it the hedonic treadmill. Each achievement resets your happiness baseline, leaving you running toward the next milestone.

“That can create a self-defeating cycle where there’s never enough,” said Canine.

And it’s not just emotions, the WHO (World Health Organization) warns that working 55 plus hours a week raises the risk of heart disease and stroke by 35 percent. So, what’s the solution? Redefine “enough.”

“I have enough to take care of my family. I have enough to go bowling. so, it’s okay to walk away from the hustle and grind and instead enjoy the family and enjoy the bowling,” explained Canine.

True success, experts say, is finding enough and knowing when to stop the chase.

An 85-year Harvard study finds the happiest people aren’t those with the biggest paychecks, but those with deep relationships and meaningful connections. Success is rewarding but love and friendship are what last.

Contributors to this news report include: Cliff Tumetel, Producer; Bob Walko, Editor.

To receive a free weekly email on Smart Living from Ivanhoe, sign up at:  http://www.ivanhoe.com/ftk 

Sources:

https://vitaleandco.com/perfectionism-research/

https://www.cbsnews.com/news/money-happiness-study-daniel-kahneman-500000-versus-75000/

https://www.bankrate.com/banking/money-and-mental-health-survey/

https://www.athenacaptain.com/blog/when-success-feels-empty#:~:text=This%20is%20called%20the%20dopamine,from%20Within%2C%20Not%20Business%20Achievements

https://www.weforum.org/videos/harvard-conducted-an-85-year-study-on-happiness-here-s-what-it-found/#:~:text=The%20study%20found%20that%20people,%2C%20social%20class%2C%20or%20IQ.

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