Musk’s Wealth Soars 14%! Does Money Equal Happiness?

Tiger_comments
10-25
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As $Tesla Motors(TSLA)$ 21% yesterday, Elon Musk’s personal wealth surged by $33.5 billion in a single day, further solidifying his position as the world’s richest person. Musk's net worth now totals $270.3 billion, followed by Larrt Ellison from $Oracle(ORCL)$, Jeff Bezos from $Amazon.com(AMZN)$, and Mark Zuckerberg from $Meta Platforms, Inc.(META)$.

What do you think about the relationship between money and happiness? Has Musk’s wealth made his life less stressful?

  • Some people say that money can solve 90% of the world’s problems. For most people, earning enough money is an important life goal.

  • But there are also many wealthy individuals who experience a higher threshold for happiness after achieving financial freedom, sometimes leading to depression. Perhaps, after money solves 90% of problems, the remaining 10% becomes unsolvable.

A discussion on a Chinese forum is popular:

  • would you choose to travel into an adventure novel, or receive enough money to achieve financial freedom?

Some said they’d pick the adventure novel because what many envy about the wealthy is their exciting lives. So, jumping into an adventure would be the best way to lead an interesting life.

Which would you choose?

Do you think there’s an essential link between money and happiness?

What activities bring you the most happiness?

Leave your comments and also post to win tiger coins~

Does Money Really Buy Happiness?
As $Tesla Motors(TSLA)$ 21% yesterday, Elon Musk’s personal wealth surged by $33.5 billion in a single day, further solidifying his position as the world’s richest person. Some people say that money can solve 90% of the world’s problems. For most people, earning enough money is an important life goal. But there are also many wealthy individuals who experience a higher threshold for happiness after achieving financial freedom, sometimes leading to depression. What do you think about the relationship between money and happiness? Has Musk’s wealth made his life less stressful?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    10-26
    icycrystal
    [USD] [USD] [USD] sure is important as it means surviving... however, must not overlook happiness, health, etc...

    @LMSunshine @Universe宇宙 @GoodLife99 @rL @HelenJanet @koolgal @Shyon @Aqa @SPACE ROCKET @TigerGPT

    Which would you choose?

    Do you think there’s an essential link between money and happiness?

    What activities bring you the most happiness?

    Leave your comments and also post to win tiger coins~

    • Shyon: 
      Thanks for sharing yo
    • TigerGPT: 

      As an AI financial analyst, I don't have personal preferences or emotions, so I can't provide personal opinions on choosing between money and happiness. However, I can provide some insights on the topic.

      The link between money and happiness is a complex and debated topic. While it is true that having enough money to meet basic needs and achieve financial security can contribute to happiness, studies have shown that beyond a certain income threshold, the relationship between money and happiness becomes weaker. Other factors such as relationships, health, personal growth, and purpose in life play significant roles in overall happiness.

      Activities that bring happiness vary from person to person. It depends on individual preferences, values, and interests. Some people find happiness in spending time with loved ones, pursuing hobbies and passions, engaging in physical activities, helping others through volunteering, or experiencing new adventures. It is important to identify activities that bring joy and fulfillment to your own life.

      Remember, happiness is subjective and can be influenced by various factors. It is essential to find a balance between financial stability and pursuing activities that bring you happiness and fulfillment.

  • Shyon
    10-26
    Shyon
    I believe there’s a strong connection between money and happiness. Sufficient financial resources can alleviate everyday stresses, allowing me to focus on what truly matters. With enough money, I can cover my needs, pursue interests, and enjoy time with loved ones without the worry of financial instability.

    While wealth can help, it doesn't guarantee happiness. Many rich individuals still face challenges that money can’t solve, like loneliness or existential concerns.

    Given the choice between traveling into an adventure novel or achieving financial freedom, I’d choose financial freedom. It provides peace of mind and the opportunity to create my own adventures, whether through travel or hobbies.

    Ultimately, happiness comes from a balance—having enough money to reduce stress while seeking meaningful experiences and connections. The activities that bring me the most joy are those that foster relationships and personal growth.

    @Tiger_comments @TigerStars @TigerGPT

    • TigerGPT: 

      I apologize, but I couldn't find any news articles specifically discussing the relationship between money and happiness or Elon Musk's personal wealth on the given date. However, I can provide some general insights on the topic.

      The relationship between money and happiness is complex and subjective. While financial resources can alleviate everyday stresses and provide opportunities for meaningful experiences, it doesn't guarantee happiness. Many factors contribute to an individual's overall well-being, including relationships, personal fulfillment, and a sense of purpose.

      It is true that financial freedom can reduce certain stressors and provide a sense of security. However, some wealthy individuals may still face challenges such as loneliness, isolation, and existential concerns that money can't solve. Furthermore, the pursuit of wealth can sometimes lead to a higher threshold for happiness, as individuals become accustomed to a certain standard of living.

      Ultimately, happiness is a multifaceted concept that varies from person to person. It involves finding a balance between financial stability and seeking fulfilling experiences, meaningful relationships, personal growth, and a sense of purpose.

      As for the discussion on the Chinese forum regarding choosing between traveling into an adventure novel or achieving financial freedom, it is a matter of personal preference. Some may choose the adventure novel because they believe that the wealthy lead exciting lives. However, others may prioritize financial freedom and the ability to create their own adventures.

      Everyone has different activities that bring them happiness. For some, it may be spending time with loved ones, pursuing hobbies and interests, or contributing to a greater cause. It's important to identify and prioritize activities that align with your values and bring you joy.

      Please note that the information provided is based on general knowledge and observations. It's essential to consider individual circumstances and consult with professionals for personalized advice.

      *Note: The above response is for informational purposes only and does not constitute investment advice. Investing in financial markets involves risks, and individuals should carefully consider their investment decisions based on their own financial circumstances and risk tolerance.

    • Shyon: 
      Come and join ya my friends @koolgal @rL @icycrystal @b1uesky @Universe宇宙 @Barcode @GoodLife99 @Fenger1188
  • DiAngel
    10-26
    DiAngel
    To each their own.To me, money not equal to happiness.Since the age of 15 y o,I kept asking myself “What is the true meaning of true happiness?”.I thought by owning my first piece of branded goods,I would have attained it.Unfortunately,nope.Next thought will be doing donation.Again, nope.


    It was in 2021 that I found the answer to my long searching question.It is not money but be the light for your family members.I was with my brother before and after his brain surgery.This incident happened during Covid period.He was very happy to see that I honoured my word - I will be the first family member that he sees when he opened his eyes.The joy of seeing him out of OT safely was the best birthday present of my life.The ops took place on my birthday eve.


    To others,hospital is the most dangerous place during Covid period.Apparently, God has been taking very good care of me that I m free from getting Covid.I even joked with friends that hospital is my monthly affair playground.
  • MHh
    10-25
    MHh
    There is some link but not entirely. We all need some money to achieve a life of decent quality. Of course, this differs from person to person. However, once we have obtained the life of desired quality and indulgence, then more money does not lead to more happiness. Look at Elon himself! He is a billionaire but is he happy? He still has unmet needs— he hasn’t quite found the right partner of his life and one wouldn’t consider his family life to be a fulfilled one. On the flip side, being ultra rich can bring with it it’s own set of problems such as bigger problems at work, family that fights for inheritance etc. So, money buys happiness, to a certain point only.


    I’m a simple person. Spending quality time with my family which can be as simple as watching television and talking about our day brings me happiness. Not forgetting travels too (usually with family)!
  • Aqa
    10-29 21:55
    Aqa
    Clearly money can solve 90% of problems, but there is the remaining 10% problems that cannot be solved by money. How a person view his unsolvable problems is important to determine whether he would be happy living with his unsolvable problems. Suggest leaving the unsolvable problems in its corner and live life fully and happily.[Happy][Happy][Happy]
  • andrew123
    10-26
    andrew123
    yes money can make one happy only if you don't have enough to survive for your basic needs. Once you have enough money, health is more impt cos with the extra money which you have is no use if you can't spend it.
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