Why Happy People Earn More

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

It turns out that income and happiness are related. No, the rich also cry. But happy people earn more. Let's figure out why this is happening.

There is a misconception that great wealth can make a person happier.

Several studies have sought to determine the magic level of income required for happiness. One of them is an often cited study by Princeton University. In 2010, scientists found that happiness increases with income. But once the income level reaches $ 75,000 a year - that's all, even if you earn more, happiness will not increase from this.

But the fact that happiness leads to increased well-being is true: several recent studies support this. For example, work published by the US National Academy of Sciences suggests that adolescents and young adults who report higher levels of life satisfaction earn more in the future.

So, you want to be happy and make more money, but how do you do it? Let's try to understand why happy people earn more. It turns out there are at least six reasons.

Happy people are optimistic

Employees who are happy earn more because their optimism allows them to be more open to new opportunities and experiences. Lynda Spiegel HR Manager, Coach and Founder of Rising Star Resumes

Happy people are willing to take on the challenge and take risks, and this provides more opportunities for earning money. In addition, they view their bad decisions as opportunities to gain new knowledge, rather than as personal failures.

Happy people are less likely to take sick leave

Happiness has a significant impact on overall well-being. Happy employees tend to spend more time at work and take sick leave as little as possible.

According to a study by the University of Illinois Wesleyan, happy employees spend 15 days less at home than unhappy employees and live 10 years longer.

“Poor health negatively affects a person’s productivity and hours of work, which in turn leads to lower income levels,” writes Satya Paul, professor of economics at Western Sydney University.

Happy people are more productive

Scientists from the University of Warwick in Coventry (UK) have found a relationship between happiness and productivity. Economics professors Andrew Oswald, Eugenio Proto, and Daniel Sgroi experimented with randomly selected people, and those who felt happy were 12% more productive than others.

There are certain advantages to being a productive person at work. If your boss notices your performance, he creates conditions for you to advance in your career and increases your paycheck.

Happy people get higher performance scores

“Happiness is contagious,” said Idowu Koyenikan, author of Wealth for All Africans and lead consultant at Grandeur Touch on recruiting and business strategies for consulting firms. "It extends to your colleagues and, most importantly, to your customers." For this reason, happy employees receive good reviews, which tend to lead to higher wages.

Employers want to have happy people on their teams to boost morale and create a supportive work environment. That is why employers will do everything in their power to ensure that such people remain in the team, so they are promoted, their salaries are raised, benefits are provided, and so on. Dan Stotridge motivational speaker

Happy people solve problems, don't create them

“Most people love to create problems from scratch, complain about the workplace, bosses, colleagues,” writes Lynda Talley, leadership development coach. In contrast, happy people tend to seek solutions to problems.

Confidence and problem-solving behavior is invaluable in the workplace because it leads to increased productivity and results. Lior Krolewicz Founder and CEO of Yael Consulting

Happy people invest in themselves

“Happy people earn more because they constantly improve, engage and invest in their future,” writes Elle Kaplan, CEO and founder of LexION Capital.

In addition, when you invest in yourself, your level of happiness rises. “This is probably one of the best things you can do for yourself,” Kaplan is convinced.

5 tips to be happier and earn more money

1. Be sociable

Shawn Achor, author of The Benefits of Happiness and founder of Good Think, has found that connecting with others makes people happier. People who invite colleagues to lunch, organize something in the office, help others open up, are more passionate about their work than those who do everything just for themselves. Therefore, it is highly likely that it is an active person who will receive a promotion.

2. Do small exercises daily

Achor also recommends doing activities that set you up in a good mood once a day to train your brain: write three things you are grateful for in 10 minutes, or meditate for two minutes. This will add optimism and satisfaction with your life.

3. Praise yourself

Leo Willcocks, author of DeStress to Success, recommends writing five compliments to your loved one every day for 30 days. This will help you understand your strengths and feel more confident.

4. Look for the bright side of everything

There are many things that you cannot control, but at the same time there are many things that you can change, including your attitude to what is happening. “Learn to look for the bright side in everything. You will be the happiest person if you can change your perception,”says Daryl Cioffi, owner of Polaris Counseling and Consulting.

For example, to feel good at work, try to think about how you enjoy doing what you do, and you will find yourself performing better and more efficiently.

5. Stop comparing yourself to others

“You won't be happy if you try to live the way others tell you. Only you know what is right for you,”says Jene Kapela, president and founder of Jene Kapela Leadership Solutions, a consulting firm specializing in leadership and organizational skills. Instead of comparing yourself to others, make choices that align with your own values and act in ways that achieve well-being as you see it.