These Things Prove That Money Can Buy Happiness

Money Lets You Give Back

Brian MacFarland, the creator of Lazy Man and Money, has been able to turn his passion for personal finance into a money-making blog. Since he created the site in 2006, he’s learned a few things about the connection between money and happiness.

“Studies show that having $75,000 is a magic number for those who say they are happy,” he said. But he added that more money doesn’t necessarily buy more happiness. However, having money does give you the ability to give back to others — and having a purpose through volunteerism and charity is also often cited as a key to happiness, he said.

If you don’t already have a favorite charity, you can find one you’d like to support with a little online research and introspection. Chances are there’s at least one cause that is close to your heart. From animal rescue charities to groups focused on civil rights or fighting diseases, there is no shortage of worthy causes.

“I’ve found all that to be instrumental to my happiness … though, I’m still working toward the $75,000 number,” he said.