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Money Is Not Everything: Importance of Other Life Factors

  • March 13, 2022
  • Marina Avramovic
Money Is Not Everything

Money is not everything. This may be a difficult thing to accept, especially if you are someone who is always chasing after the almighty dollar. There are many other things in life that are important, and you should never forget that. 

In this blog post, we will discuss the importance of other life factors and why they are so important.  

Money Makes the World Go Around

People often say that “money is not everything but everything is money.” And it’s true – in the grand scheme of things, money doesn’t mean all that much. But that doesn’t mean it’s unimportant. In fact, having a lot of money can make a big difference in your life. 

Think about what you could do with an extra $1,000 per month. You could afford to pay for a nicer apartment or travel more often with your family. You could even save up for a down payment on a house! Money certainly isn’t everything, but it definitely makes life a lot easier.

Moreover, the results of a new study on money suggest higher earners (that make $75,000 per year) are much happier in their lives.

Does this mean that money should be our number one priority? As mentioned above, being financially stable is important, but to understand the money is not everything meaning, we need to dig much deeper.  

The Mythology of Money

In the wealthy vs. rich debate, you might think that being rich is the most crucial thing in the world since it’s often associated with earning a lot of cash and becoming a millionaire. However, this kind of mindset also creates a false perception of what it means to be wealthy.

Enter king Midas. You’ve probably heard the story of King Midas, who was given a unique gift by the god Dionysus. Everything he touches will turn to gold. Sounds like an excellent plan for early retirement, right? Especially when you know that today a ton of gold amounts to a whopping $55,582,130.

But, again, money is not everything in life. While our hero, Midas, became wealthier than ever, he could not eat or drink, and he even turned his precious daughter into a golden statue once he touched her.

The moral of the story? Be careful about what you wish for and understand your intentions before taking (financial) action. 

The Scrooge Syndrome

If you’re an avid reader, you’ve probably stumbled upon the money is not everything maxim in a book by Charles Dickens, A Christmas Carol.

Here, the main character, Ebenezer Scrooge, neglects everything with his bah-humbug attitude, including his family, in order to accumulate wealth.  

In an alternative future, he dies alone and forgotten. 

A Christmas Carol teaches us that our personal growth and being authentic are the things that make us wealthy. This is more important than the size of our annual income.

Changing the Money Paradigm  

Money isn’t everything since it can’t buy us the essential things in life: health and love.

Love Doesn’t Cost a Thing

One of the most important things in life is your relationships. Friends and family are the people who will be there for you through thick and thin, and they are worth more than any amount of money. 

If you don’t have a strong network of support, then you need to work on building one. Spend time with your friends and family, go out for coffee or dinner, and just enjoy each other’s company.  

The First Wealth is Health 

To understand the money isn’t everything meaning, we’ll talk about another important area of your life — your health. 

True, if you’re rich, you’ll have access to the best dietitians and personal trainers on the planet, but they won’t be able to save you from all the illnesses in the world. 

For example, the famous Beatle, George Harrison, lost his battle with cancer, although he had a net worth of $400 million at the time of his death. Not even Steve Jobs could fool death, though that famous speech about the worthlessness of money is not really his.

Money is not everything, Warren Buffett would say, i.e., “Money will not change how healthy you are or how many people love you.”

Strive Not to Be a Success, but Rather to Be of Value

Your personal growth is another area that is important in life. You should always be working on becoming a better person. This means learning new things, challenging yourself, and growing as an individual. 

If you don’t work on your personal growth, you will stagnate and never reach your full potential.  

You Deserve to Have a Job That Fulfills You

Since it’s tightly linked to our careers and finances, is money everything in our life? While both are important, they should not be the only things you focus on in life or you may burn out and end up hating going to work. 

Make sure that you are taking time to enjoy your hobbies and interests, and do not put all of your eggs in one basket. If you focus too much on your career or finances, you will miss out on other aspects of life. 

Moreover, ask yourself, is working at a job that doesn’t fulfill you worth it? Even if you make 60k per year, you’ll never be truly satisfied if your job negatively affects your personal life.  

Conclusion

This phrase about money not being everything is cliché for a reason. While money can buy you some happiness, it doesn’t always equate to a good life or a meaningful existence. So what does make us happy? 

Things like strong relationships, feeling connected to something bigger than ourselves (like being part of a community), and having a purpose in life. 

FAQs

What does money is not everything mean?

This maxim suggests that no matter how much money you have in your bank account, this doesn’t necessarily mean you’ll lead a happy and fulfilling life. As you can see from our post, money can’t buy you love, friends, or health. 

In other words, money doesn’t define you. It’s simply one of the means to reach financial security. 

Why money isn’t the most important thing in life?

Money is an integral part of our lives, but it’s not the most important thing. There are many other factors that are just as — or even more — important. 

Some people might think that having a lot of money means you’re successful, but that’s not always the case. Many wealthy people are unhappy.

So what are the most important things in life? Here are just a few: happiness, family and friends, health, and passion.

Who said money is not everything?

Many famous people quoted this maxim, like the American professional baseball pitcher, Earl Wilson, and actress Zsa Zsa Gábor. However, one person made this term more popular than ever. 

That person is Warren Buffett, an American investor, philanthropist, business magnate, and the CEO of Berkshire Hathaway. Buffett is one of the most successful investors and the eighth-wealthiest person in the world. His net worth amounts to more than $114 billion.

He said that money is not everything and that one saying the opposite had better first earned a lot of money in order to give such a statement.  

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Marina Avramovic

Marina is a content writer and a film-maker who spends most of her time in front of the computer, writing articles and blog posts on various subjects, learning fictional languages or editing avant-garde movies. This compulsive penchant for learning new ways of dreaming and writing became her dream job. When she's not obsessing about work she tries to cook, read dystopian novels and go on adventures with her dog.

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Table of Contents:
  1. Money Makes the World Go Around
  2. Changing the Money Paradigm  
  3. Conclusion
  4. FAQs
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