What Can Money Buy You?

Are you saving for retirement. We’ve all heard it before: money can’t buy you happiness. After all, you can be as rich as Croesus and still be miserable.

But that’s not the whole story. In fact, if you use it wisely, money can certainly help bring joy.

Money is a bit like health; having it is not a guarantee of happiness, but not having to worry about it makes life a whole lot easier.

What’s more, if you learn to spend your money wisely – on products and services that bring you joy – you can use it to boost your happiness.

Take a leaf from author Gretchen Rubin’s book. She used her wealth to shamelessly purchase an expensive food processor. As you’d expect, splashing out brought her immediate joy. After all, who doesn’t love a bit of retail therapy? But, more importantly, because she used the food processor to make healthy fruit shakes for herself and her family, this purchase helped increase her energy and her happiness in the long term.

So long as you don’t overdo it and buy things just for the thrill of it, spending money can leave you in a happier state. So, if you’ve got the money to spare, think about what products will really add value to your life.

That said, many of you may be saving for retirement, or just want to save for the future, perhaps via your pension or perhaps via your ISA.  In both cases there are a few fundamental rules you should follow.

  1. Make sure your chosen investment meets your risk expectations. Chasing the big returns can often be caught up by the big losses.
  2. Diversify, Diversify, Diversify and,
  3. Take advice. What do you want to achieve? Why? When? How? And with whom?


If you would like to chat these things over, give us a call.  I’m sure we can help.