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The Downside Of Getting Rich Quick

Money can buy happiness — just not all at once

We’ve all heard the phrase, “Money can’t buy happiness,” and, in spite of ourselves, we can’t help but wonder: Why not? Sometimes it seems like the answers to our problems really could be money—after all, money would provide more travel opportunities and relaxation, and less stress. Surely that would lead to happiness, right?


Of course, it doesn’t seem to work that way. After all, the things that sustain our happiness over long periods of time—love, friendship, family, companionship—cannot be bought. While we may experience short-term happiness from material goods or shopping, it almost goes without saying that an expensive coat won’t keep you happy for decades, nor will the latest iPhone model. In fact, research has shown that people who are substantially richer than others aren’t any more emotionally satisfied. One study showed that in modern America, a person who makes an average of $225,000 a year has no extra day-to-day happiness than a person who makes $75,000 a year. The reason is quite simple—once your basic needs are fulfilled, extra money only purchases things, but not love.

[quote position="right" is_quote="true"]When (someone) suddenly strikes it rich, the impact is profound on every part of their life.[/quote]

Additionally, it turns out that sudden wealth actually leads to loneliness—the exact opposite of happiness. According to a BBC article, people who become rich overnight often find the experience to be extremely isolating, resulting in immense sadness. Dr. Stephen Goldbart explains, “When (someone) suddenly strikes it rich, the impact is profound on every part of their life. It can become a painful psychological experience for some people.”

Experts say that this psychological impact is largely due to strained relationships with family and friends after a sudden increase in wealth. Some family members might treat the newly wealthy differently, or try to “ride on their coattails.” The rifts can lead to the newly rich person alienating himself or herself.

Goldbart coined a term for this experience: Sudden Wealth Syndrome. The phrase is used to explain the stress, guilt, and social ramifications of becoming rich very quickly. Goldbart has come up with four stages of SWS, almost like the stages of grief: Honeymoon Phase, Wealth Acceptance, Identity Consolidation, and Stewardship. Within the four phases, people experience a wide range of emotions and ideally end up with a mature resolution.

Money
via The Howard Stern Show / YouTube

Former Secretary of State, first lady, and winner of the popular vote in the 2016 presidential election, Hillary Clinton, sat own for an epic, two-and-a--half hour interview with Howard Stern on his SiriusXM show Wednesday.

She was there to promote "The Book of Gutsy Women," a book about heroic women co-written with her daughter, Chelsea Clinton.

In the far-reaching conversation, Clinton and the self-proclaimed "King of All Media" and, without a doubt, the best interviewer in America discussed everything from Donald Trump's inauguration to her sexuality.

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Politics
Pixabay

Offering parental leave for new fathers could help close the gender gap, removing the unfair "motherhood penalty" women receive for taking time off after giving birth. However, a new study finds that parental leave also has a pay gap. Men are less likely to take time off, however, when they do, they're more likely to get paid for it.

A survey of 2,966 men and women conducted by New America found that men are more likely to receive paid parental leave. Over half (52%) of fathers had fully paid parental leave, and 14% of fathers had partially paid parental leave. In comparison, 33% of mothers had fully paid parental leave and 19% had partially paid parental leave.

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Bans on plastic bags and straws can only go so far. Using disposable products, like grabbing a plastic fork when you're on the go, can be incredibly convenient. But these items also contribute to our growing plastic problem.

Fortunately, you can cut down on the amount of waste you produce by cutting down on disposable products. And even more fortunately, there are sustainable (and cute) replacements that won't damage the environment.

Coconut bowls


Cocostation

Who says sustainable can't also be stylish? These cute coconut bowls were handmade using reclaimed coconuts, making each piece one of a kind. Not only are they organic and biodegradable, but they're also durable, in case your dinner parties tend to get out of hand. The matching ebony wood spoons were polished with the same coconut oil as the bowls.

Cocostation Set of 2 Vietnamese Coconut Bowls and Spoons, $14.99; at Amazon

Solar powered phone charger

Dizaul

Why spend time looking around for an outlet when you can just harness the power of the sun? This solar powered phone charger will make sure your phone never dies as long as you can bask in the sun's rays. As an added bonus, this charger was made using eco-friendly silicone rubber. It's win-win all around.

Dizaul Solar Charger, 5000mAh Portable Solar Power Bank, $19.95; at Amazon, $19.95; at Amazon

Herb garden kit

Planter Pro

Put some green in your life with this herb planter. The kit comes with everything you need to get a garden growing, including a moisture meter that helps you determine if your herbs are getting the right amount of food to flourish. All the seeds included are certified to be non-GMO and non-hybrids, meaning you can have fresh, organic herbs right at your fingertips.

Planter Pro's Herb Garden Cedar Planter, $39.00; at Amazonedar Planter, $39.00; at Amazon

Reusable Keurig cups

K & J

Keurig cups are convenient, but they also create a ton of plastic waste. These Keurig-compatible plastic cups are an easy way to cut down on the amount of trash you create without cutting down on your caffeine. Additionally, you won't have to keep on buying K Cups, which means you'll be saving money and the environment.

K&J Reusable Filter Cups, $8.95 for a set of 4,; at Amazon

Low-flow shower head

Speakman

Low-flow water fixtures can cut down your water consumption, which saves you money while also saving one of the Earth's resources. This shower head was designed with a lighter flow in mind, which means you'll be able to cut down on water usage without feeling like you're cutting down on your shower.

Speakman Low Flow Shower Head, $14.58; at Amazon

Bamboo safety razor

Zomchi

Instead of throwing away a disposable razor every time you shave, invest in an eco-friendly, reusable one. This unisex shaver isn't just sustainable, it's also sharp-looking, which means it would make a great gift for the holidays.

Zomchi Safety Razor, $16.99; at Amazon

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