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> Some people can work just for material benefit to themselves and their families. However, eventually that juice runs out because money is just not useful beyo

> Some people can work just for material benefit to themselves and their families. However, eventually that juice runs out because money is just not useful beyond a point. Admittedly, material benefit to myself and my family isn't the only reason I work. However, the argument that "money is just not useful beyond a point" isn't a strong one in my mind. I'm in my late forties right now and make a reasonable sum of money. I doubt I will ever get to the point where making more money won't get me more of what I want. Right now, I need to weight priorities when it comes to spending money (generator for my house vs something else). Getting to the point where I don't need to do that (for important things) would be my "more money isn't useful" point. I doubt I will ever get there.

nsomaru 8y ago
Right, let me clarify. Let's define three realms of experience for the sake of conversation: (physical/material), (emotional), (intellectual). For simplicity let's assume that all human experiences may be categorised thus. Now, what can money buy? Only things on the physical level, that is, _sense experiences_. Sights, sounds, smells, tastes and touches. That's it. Money can't buy love or knowledge. Maybe a library, but not knowledge :) So even in a naive examination money has limited uses which apply at the physical/material level. It's useful to note that happiness/wellbeing is largely a state of mind and thus you might find someone who is equally or more happy than you despite not having the generator. How is this possible? The point is that as inherent motivation money just isn't good. People who are incentivised inevitably want greater and greater compensation or they burn out. In contrast, those fired up by a higher ideal (which, of course, includes the wellbeing of the family) are motivated by an initiative to work which is not dependent upon something external. So, make your money, and install that generator. But don't make the mistake of thinking your wellbeing/happiness is dependent upon XYZ externally.
- selestify 8y ago
  > But don't make the mistake of thinking your wellbeing/happiness is dependent upon XYZ externally. What do you base your well-being or happiness in?
  - nsomaru 8y ago
    A metaphysical explanation would be lost here. Username at gmail
- syncmaster913n 8y ago
  "Now, what can money buy? Only things on the physical level, that is, _sense experiences_. " This is an oversimplification that detracts from the value of money. Your assumption that money can only buy sense experiences is incorrect. In reality, money can have a significant impact on the (emotional) and (intellectual) realms. # Example for (emotional): A couple with two children living together. The couple's emotional bonding is strained by feeling overwhelmed due to house chores. The strain can be significantly reduced by spending money on a nanny, ordering food when not in the mood for cooking, and other forms of domestic help. # Example for (intellectual) Working person with a family wants to pursue a second degree as a hobby. Unfortunately, they can't afford university. It's true that, beyond a certain point, the returns from having more money diminish quickly. And I agree that as an inherent motivation it probably doesn't work for many people - only as a means to an end. But to say that money can only buy sense experiences is untrue.
  - RHSeeger 8y ago
    As the quote goes... Money can't buy happiness. It can, however, buy many things that can make you happy.
Sebb767 8y ago
I don't think it is meant like "at some point you'll run out of things to buy", because, let's be honest, even the richest people still have things they can't buy. The actual meaning is in my opinion that at some point, when you can pay your bills easily and do not need to worry about money every day, increasing your income doesn't make you happier. Of course, buying more expensive things and increasing your income is still a good feeling, but after some time they become status quo and your happiness is back at the same level as it was before the pay raise (especially since there are now new, more expensive things to seek).
- shhehebehdh 8y ago
  > The actual meaning is in my opinion that at some point, when you can pay your bills easily and do not need to worry about money every day, increasing your income doesn't make you happier. That’s not actually true though. There’s pretty robust research to show that happiness is correlated with log money. It’s not a function that becomes flat after a certain point, at least not as far as any research I’ve read says. Although the correlation or causation question remains: do happier people make more money, or does more money make people happier, or is there some underlying third variable that affects both? But the fact that lottery winners do end up becoming happier suggests that there is a causal element in the money->happiness direction.

nsomaru 8y ago

Right, let me clarify. Let's define three realms of experience for the sake of conversation: (physical/material), (emotional), (intellectual). For simplicity let's assume that all human experiences may be categorised thus. Now, what can money buy? Only things on the physical level, that is, _sense experiences_. Sights, sounds, smells, tastes and touches. That's it. Money can't buy love or knowledge. Maybe a library, but not knowledge :) So even in a naive examination money has limited uses which apply at the physical/material level. It's useful to note that happiness/wellbeing is largely a state of mind and thus you might find someone who is equally or more happy than you despite not having the generator. How is this possible? The point is that as inherent motivation money just isn't good. People who are incentivised inevitably want greater and greater compensation or they burn out. In contrast, those fired up by a higher ideal (which, of course, includes the wellbeing of the family) are motivated by an initiative to work which is not dependent upon something external. So, make your money, and install that generator. But don't make the mistake of thinking your wellbeing/happiness is dependent upon XYZ externally.

selestify 8y ago
> But don't make the mistake of thinking your wellbeing/happiness is dependent upon XYZ externally. What do you base your well-being or happiness in?
- nsomaru 8y ago
  A metaphysical explanation would be lost here. Username at gmail
syncmaster913n 8y ago
"Now, what can money buy? Only things on the physical level, that is, _sense experiences_. " This is an oversimplification that detracts from the value of money. Your assumption that money can only buy sense experiences is incorrect. In reality, money can have a significant impact on the (emotional) and (intellectual) realms. # Example for (emotional): A couple with two children living together. The couple's emotional bonding is strained by feeling overwhelmed due to house chores. The strain can be significantly reduced by spending money on a nanny, ordering food when not in the mood for cooking, and other forms of domestic help. # Example for (intellectual) Working person with a family wants to pursue a second degree as a hobby. Unfortunately, they can't afford university. It's true that, beyond a certain point, the returns from having more money diminish quickly. And I agree that as an inherent motivation it probably doesn't work for many people - only as a means to an end. But to say that money can only buy sense experiences is untrue.
- RHSeeger 8y ago
  As the quote goes... Money can't buy happiness. It can, however, buy many things that can make you happy.

Sebb767 8y ago

I don't think it is meant like "at some point you'll run out of things to buy", because, let's be honest, even the richest people still have things they can't buy. The actual meaning is in my opinion that at some point, when you can pay your bills easily and do not need to worry about money every day, increasing your income doesn't make you happier. Of course, buying more expensive things and increasing your income is still a good feeling, but after some time they become status quo and your happiness is back at the same level as it was before the pay raise (especially since there are now new, more expensive things to seek).

shhehebehdh 8y ago
> The actual meaning is in my opinion that at some point, when you can pay your bills easily and do not need to worry about money every day, increasing your income doesn't make you happier. That’s not actually true though. There’s pretty robust research to show that happiness is correlated with log money. It’s not a function that becomes flat after a certain point, at least not as far as any research I’ve read says. Although the correlation or causation question remains: do happier people make more money, or does more money make people happier, or is there some underlying third variable that affects both? But the fact that lottery winners do end up becoming happier suggests that there is a causal element in the money->happiness direction.