Financial Health – Can Money buy Happiness?

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Are Finances impacting your Health?


So your probably wondering where “cash flow” fits within the realm of health and wellness?

If you are worried about money, you are not alone. It’s a very common worry. Financial stress can affect your relationships and your health, so it’s very important to seek help and support as early as possible.

We have a Financial Stress problem…


Lots of situations can cause financial stress. You might have lost your job or been retrenched, you might be unemployed or unable to find sufficient work, you might have debts you cannot pay or you might feel worried about expected financial pressures. Your financial problems might be a result of problem gambling.

Some signs that financial stress is affecting your health and relationships include arguing with the people closest to you about money, difficulty sleeping, feeling angry or fearful, mood swings, tiredness, muscle pain, loss of appetite, lower sex drive and withdrawing from others.

While these are normal reactions, they can affect your health if they continue for more than a few weeks. You could be at risk of developing anxiety or depression. Some people use drugs or alcohol to help them cope. Some have thoughts of self-harm or suicide.




Do you have an ABUNDANCE Mindset?

The Abundance Mentality, on the other hand, flows out of a deep inner sense of personal worth and security. It is the paradigm that there is plenty out there and enough to spare for everybody. It results in sharing of prestige, of recognition, of profits, of decision making. It opens possibilities, options, alternatives, and creativity.

Do you have a SCARCITY mindset?

Most people are deeply scripted in what I call the Scarcity Mentality. They see life as having only so much, as though there were only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else.

The Scarcity Mentality is the zero-sum paradigm of life. People with a Scarcity Mentality have a very difficult time sharing recognition and credit, power or profit – even with those who help in the production. The also have a a very hard time being genuinely happy for the success of other people.




Do you understand DEBT and what “money” is? 

6 Mindsets of Debt – Global, National and Personal

Do you understand Cashflow?

 Cash Flow Quadrant with Robert Kiyosaki

Once you do, let us then focus on you.


Start with GLOBAL view


The truth is that the world is not fair and equitable for all. Our luck of birth right determines many factors for an individual before a new born even takes a breath. Consider if you had been born in a developed versus a less developed country? What would your life look like, what types of opportunity would you have for education, health, connection, business, finances and growth?


  • The statistics are clear to see. We have a Wealth distribution inequality
  • Despite this progress, the number of people living in extreme poverty globally remains unacceptably high. According to the most recent estimates, in 2012, 12.7 percent of the world’s population lived at or below $1.90 a day. That’s down from 37 percent in 1990 and 44 percent in 1981.
  • Global Public debt is 59 Trillion and counting (who to?)

Now, take a NATIONAL view


Using a developed country like Australia “the lucky country” as an example


  • Australia is the 15th Richest in the world relative to income, per person per capita.
  • Australia is the 19th richest country by GDP (Gross domestic product)
  • The ABS says the average individual wage in Australia in November 2013 was $57,980 before tax.
  • The average full-time wage is $74,724 before tax.
  • Money, while it cannot buy happiness, is an important means to achieving higher living standards. In Australia, the average household net-adjusted disposable income per capita is USD 33 138 a year, more than the OECD average of USD 29 016 a year
  • But there is a considerable gap between the richest and poorest – the top 20% of the population earn more than five times as much as the bottom 20%

Are Australians LIVING within our means?

  • Average Australian household debt is four times what it was in 1988, rising from $60,000 to $245,000 after inflation. The ratio of household debt to disposable income has almost tripled, from 64% to 185% during the same time.


Know this, Money does not necessarily buy happiness

  • The average Australian wage for “happiness” is around $70-75,000 to provide the resources you need to lead a reasonable life in Australia as a single independent person with no children.
  • Research from psychometric testing company Onetest found people who earn between $100,000 and $124,999 a year are the happiest, with 86 per cent of those earners saying they are satisfied with life.
  • But the satisfaction rate starts to drop for those who earn more than $125,000, and again for those who earn more than $150,000.
  • Those with an annual household income of less than $15,000 experienced a significant jump in happiness when their income rose by $6,000.
  • However, those earning $151,000 – $250,000 require an extra $156,000 to enjoy a similar boost.
  • And it’s actually better to earn between $75,000 and $99,999 than it is to earn more than $150,000, with 82 per cent of the lesser earners “satisfied” compared with just 80 per cent of those on the higher income.

What about other factors?

  • Do Men need more? Despite the fact that Australian men continue to earn significantly more than women (averaging $62,699 versus $40,312 per year) it is still not enough to keep the average Aussie bloke happy. While Australian women only need an annual income of $15,000 – $30,000 to be happy, Australian men require at least $100,000!
  • Single Parents? It is only when their income hits the $61,000 – $100,000 range that Aussie single parents reach the average level of happiness.
  • Does Location matter? Finding the money you need to be happy is easier in some parts of Australia than others, with the highest average wages found in the Australian Capital Territory ($60,987), Western Australia ($57,365), and the Northern Territory ($54,082). But interestingly, the residents of Melbourne and Brisbane were found to be the happiest in Australia,



The 3 key components for better financial well being (in the developed world)?

Melbourne researchers have pinpointed an amount of money that does actually make people happy. Deakin University has spent 13 years surveying people across Australia as part of its happiness index.

Professor Robert Cummings says they are a

  1. A Meaningful relationship (Connection)

  2. an annual household income of $100,000 and a (work and lifestyle integration)

  3. Rewarding hobby.  (passion and purpose)

The Solution?


“Having enough money, of course, and having an activity that gets you out of bed in the morning, a passion.”

Professor Cummings says a gross household income of $100,000 is important.

“It provides the resources you need to lead a reasonable life,” he said.

The elephant in the room….

How does this apply to less developed countries?




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