Why Money Can Buy Happiness

How to identify how much you’d need to make to reach ‘peak money’

Money, as a vehicle to solve problems, relieve stress, and improve quality of life, on the whole, gets a bad press.

Coaching / Therapy

Life coaching, performance coaching, therapy, whatever you want to call it I think there are huge advantages in having someone more experienced than you in certain areas of life to help mull over problems, and find solutions to those problems.

General Therapy/Performance Coaching

This coaching would focus in on limiting beliefs, learned behaviors that no longer serve me, childhood issues and other personal problems. I think most people could benefit from someone to help us explore our shadow side. By developing our self-awareness we can surely learn to become happier, healthier humans.

Meditation / spiritual coaching

I’ve meditated for most of my adult life. It’s an incredible practice. When I’m in a period of life where my meditation is going well, everything else seems to fall into place. Unfortunately, these periods can be short-lived and sporadic in their appearance.

Mobility/Yoga Coaching

I find it hard to hold myself accountable to yoga and mobility work. Going to the gym — no problem. Running — no problem. But for some reason when it comes to improving my mobility, arguably one of the most important factors in maintaining a good quality of life in old age, I really struggle.

Buying Time

Probably the biggest advantage of being wealthy is the ability to buy yourself the ultimate of non-renewable resources — time. Often you can throw money at the issue of not having enough time by just outsourcing work you don’t particularly enjoy doing to others.


I don’t particularly enjoy cleaning. Perhaps this is just a problem of mindfulness. Alan Watts would argue there’s no difference between washing dishes and making love if you are fully mindful of your actions. Perhaps Alan is correct, but that doesn’t really help me, I’m just not mindful enough to enjoy washing the dishes…

Cooking / Grocery Shopping

I do enjoy cooking, but only when I can take my time with it. Realistically, the optimal amount of cooking I’d do in a week would be 1 or 2 really great meals. On weeknights I don’t care about what I eat, I just want to get something nutritious and fairly tasty down me.

Minimal use of Public Transport

Sometimes I don’t want to use my motorbike or pedal bike, and it’s quicker to get somewhere by taxi.

Lifestyle Improvements

Sometimes it’s just nice to have a bougie gym, a comfortable house, a weekly massage. They say money can’t buy happiness, it just lets you miserable in comfort. I challenge that, I think some targeted spending in the lifestyle department can help with mental and physical wellbeing

Bougie Gym

Have you ever been to a really bougie gym? You know the one with a sparkling clean steam room, warm towels, great showers and a bench press that you don’t have to fend off a dozen sweaty meatheads to use?

Nicer House

This is quite a big one. I like my current apartment — it’s just too small. My desk is right next to my bed, there’s no outdoor space, the kitchen is a little pokey, the area is a little rough. Clearly improving the place you live has diminishing returns, and a mistake I’m sure the rich make is thinking that a nicer house will solve some of their issues when the house they have is pretty ideal.


I love travelling. If I had bigger cash reserves I’d travel more. I don’t necessarily mean big adventures to exotic lands (although that would be nice), but more city breaks here and there, a country retreat somewhere fresh for a couple of days. If I could put more of a system in place for travelling and exploring new areas of the world I’m confident my life could be slightly more fulfilling.

An Extravagant Hobby

I think everyone should be allowed one extravagant hobby. Whether this is an extreme sport, a weird collectable habit or Hornby. It’s just nice to have one passion that is in no way related to your work life.

Total cost

I feel like I’ve included most problems that money could solve. The total cost of all this would be an extra £5340 month. This would mean to reach the upper limit of where I think money could solve problems I’d need to earn around £150,000. That’s assuming paying the maximum possible tax.

What’s Not on the List

Probably as important as what’s on the list is what isn’t on the list. If it’s not on the list it would probably be a mistake for me to direct any of my funds towards it

  • A nice car
  • A holiday home
  • First-class plane tickets
  • The best technology/gadgets
  • A gambling addiction


This has been a pretty practical exercise, I’d advise you to take some time and go through it yourself! We spent so much effort making decisions about money, without any number or northstar that to guide us. Quantifying to what extent money can solve my problems has helped to put into perspective what I should be going after, and what I shouldn’t.

Co-founder, Chief Product Officer, Lithium Ventures. Web 3.0 Enthusiast. https://www.tomlittler.tech/