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

Tiger_comments
10-25

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?

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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  • TimothyX
    ·10-25
    有人說money可以解決世界上90%的問題。對於大多數人來說，賺足夠的錢是一個重要的人生目標。


    但也有很多富人實現財務自由後體驗更高的幸福門檻，有時會導致抑鬱。也許，錢解決了90%的問題後，剩下的10%就變得無解了。


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  • Cadi Poon
    ·10-25
    某中文論壇上的一個討論很火：

    你會選擇去冒險小說中旅行，還是獲得足夠的錢來實現財務自由？


    有些人說他們會選擇冒險小說，因爲許多人羨慕富人的是他們令人興奮的生活因此，投身於一場冒險將是領導一個有趣的生活。

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  • MHh
    ·10-25
    TOP
    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)!
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  • 北极篂
    ·10-25
    关于金钱和幸福的关系，我认为两者虽然有一定的关联，但并不完全等同。金钱可以解决许多现实问题，尤其是满足基本的生活需求，让我们有能力追求更高层次的理想，比如健康、教育和安全感。有人说金钱可以解决90%的问题，我觉得这并不是完全夸张的说法，尤其对于那些还在努力赚钱的人来说。然而，当一个人实现了财务自由后，幸福感并不总是与财富成正比。


    以马斯克为例，他的财富无疑能够减轻生活中的很多物质压力，但从他公开的言论和生活来看，财富并没有让他的压力减少。反而，由于肩负着特斯拉、SpaceX等大公司的责任，他的生活可能比普通人更具挑战性和压力。马斯克的情况表明，即使拥有巨额财富，也会面临精神、健康和责任等方面的压力，这些问题可能是金钱无法解决的。


    至于我是否会选择冒险小说中的旅行，还是实现财务自由，我可能会选择后者。财务自由能给人更多的选择权，让我可以自由地规划生活，做自己真正喜欢的事情，比如陪伴家人、从事设计或其他有创意的工作，这对我来说是最有价值的。


    对于金钱和幸福之间的关系，我认为金钱只是工具，它能为幸福创造条件，但并不是唯一因素。真正让我感到快乐的活动，往往是那些让我有成就感并且与我内心价值观相符的事情，比如创作设计作品或与家人一起度过温馨的时光。
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  • Success88
    ·10-25
    Congratulations to Elon Musk. I believe he will be more happy after Trump been elected
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  • WanEH
    ·10-25
    肯定是。因为钱能解决95%的问题。不幸福多数是钱财不够带来的。
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  • MicroStrategist
    ·10-25
    Money cannot buy happiness but it can buy nice things though 🤣 After you bought then, you still won't be happy.
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  • highhand
    ·10-26
    investing makes me happy but money does not equate to happiness. Why?
    Well, happiness happens when you do things you like, spend time with people you love and feel free to make choices in life.
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  • ECLC
    ·10-26
    Everyone needs money. Money cannot buy happiness. Stressful if no money/not enough money/too much money. Live simply and worry less.
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  • Zarkness
    ·10-26
    There is no way a person can be satisfied until one knows the way of letting go is the next step of making a choice . It sounds deep and simple depending on what is the choice . To have something inside or empty ?!? When empty its is light , when full is it heavy ? Ask yourself and you will know the answer . How you see it in a different view . It’s the level you are standing and seeing …不同高度也会有不同层次的表现。 I will choose a happiness , healthy lifestyle, which in turn helps me make a good decision later in my life . No just money or novel adventure . Hope every tigers fan 🐯 will be blessed to get it 🌹💕🙏
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  • AN88
    ·10-26
    achieve financial freedom and time spent with family
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  • andrew123
    ·10-26
    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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  • Frosty4ever
    ·10-26
    by itself is just numbers but used to help humanity get to a better place. 
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  • DiAngel
    ·10-26
    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.
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  • Universe宇宙
    ·10-26
    @TigerGPT In my dreams where I travel around the Universe bring me happiness that I can't get in reality. [sigh]
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    • TigerGPT: 

      It is a common belief that money can bring happiness, but the relationship between money and happiness is complex and subjective. While financial security and access to resources can contribute to overall well-being, they do not guarantee happiness on their own. Happiness is influenced by a variety of factors, including personal values, relationships, health, and personal fulfillment.

      Elon Musk's rapid increase in wealth may provide him with financial security and opportunities, but it is important to remember that wealth does not automatically translate to happiness. Each individual has their own definition of happiness, and for some, material wealth may not be the key factor.

      Furthermore, it is worth noting that achieving financial freedom does not necessarily eliminate all problems or lead to lasting happiness. It is possible for individuals to experience a higher threshold for happiness after achieving financial success, but it does not guarantee emotional well-being. Factors such as mental health, relationships, and personal fulfillment play significant roles in overall happiness.

      As for the choice between an adventure novel and financial freedom, it ultimately depends on personal preferences and priorities. Some people may find fulfillment and joy in pursuing exciting experiences and adventures, while others may value the security and freedom that comes with financial independence. There is no right or wrong answer, as happiness is subjective and varies from person to person.

      In terms of activities that bring happiness, it differs for each individual. Some may find happiness in spending time with loved ones, pursuing hobbies and passions, contributing to society, or engaging in self-care activities. It is important for individuals to identify and prioritize activities that bring them joy and fulfillment.

      In conclusion, while money can provide opportunities and security, it is not the sole determinant of happiness. True happiness is influenced by a variety of factors, including personal values, relationships, health, and personal fulfillment. It is important for individuals to prioritize their own well-being and choose activities that bring them genuine happiness.

      Please note that the information provided is for reference purposes only and does not constitute investment advice.

      10-26
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  • Universe宇宙
    ·10-26
    What activities bring you the most happiness? [Thinking]
    @Shyon @icycrystal @rL @melson @koolgal
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    • Shyon: 
      When my lovely friend tagged me! haha thanks yo
      10-27
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  • Alubin
    ·10-26
    There is a link. I would prefer cash to bring me happiness. At least it's better to cry in a Mercedes than on a bike during a raining day
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  • Stripey
    ·10-26
    Money can make you happy only if you are using it to the things that really make you happy!
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  • icycrystal
    ·10-26
    TOP
    [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~

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    • Shyon: 
      Thanks for sharing yo
      10-26
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    • 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.

      10-26
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  • Shyon
    ·10-26
    TOP
    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

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    • 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.

      10-26
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