4. Creates Opportunities

It is often said that the person who himself is happy can keep other have too. In the same way the person who has enough money can help someone in need of money. It could be your spouse, child or a close friend who needs money to fulfill his or her aims. Remember, the more money you have, the greater the opportunities we have to help others. As you know, money creates opportunities to help others as its gives you the ability to help them. Michael Norton, associate professor at the Harvard Business School, says it is far more rewarding in the long run if people use their money to aid others, instead of spending it only in fulfilling their individual needs.

More: Top 10 Principles of Investing

5. Experiences

Vanderkam says that money can buy happiness if used wisely. When you buy too much of something, the pleasure which you get out it start diminishing. Rather use your money for creating an experience that can be shared. This, she says, would help the happiness grow three-fold. It grows through the anticipation, the experience and the happy memories each time you remember it. Money can provide you the capital required to enjoy lasting experiences like traveling around the world, scuba-diving, paragliding and trying some of the most watering meals in the 5 star restaurants. Money can buy a ton of wonderful experiences which you can cherish lifelong.

Also Read: 8 Homeless People Who Turned Filthy Rich