Can money buy you happiness?

August 27, 2012, 12:28 pm Louise Bedford Yahoo7

Sometimes children can cut right to the chase with the questions they ask.

Sometimes children can cut right to the chase with the questions they ask.

After a particularly nice win on the sharemarket, I rewarded my little boy by getting him a new computer game. He ran around the house like the excited 9-year old that he is, and swept us all up in his laughter and pleasure. It was impossible not to be caught up in the moment.

Then, he stopped in his tracks, looked me straight in the eye and said "Mummy - Can money buy you happiness?"


I paused for a moment to collect my thoughts.

"Well..." I started. "I guess I'll need to think about that. What do you think?"

Generally I'm a pretty happy sort of person... not in a feverish laughing, maniacal happy-clapping sort of way - but I guess I derive a lot of satisfaction about what I'm doing in life.

Helping you become a better trader, being a good Mum, and pursuing trading excellence for myself - these are all things that give me pleasure. Executing a trade exactly to my trading plan, the laughter of my kids, and enjoying a great conversation over good food and wine. Pretty simple stuff really.

I generally find that I go to bed with a smile on my face and wake up anticipating a good day - so I yes, I would define myself as an optimist.

After my nine-year old and I chatted about it for a while, I told him a quote that I had once heard: "You'll have problems with money, and you'll have problems without money - but I know which type of problems I'd prefer".

I like the freedom that money gives to me and my family, and the choices it opens up for me. It gives me the power to say "no" and "yes". "No" to a 9-5 job that sucks the very youth out of my cells. "Yes" to better education choices for my children and better holidays for my husband and me.

So, by my way of thinking, money gives me the ability to create my own world, where others don't dictate the terms. A world where I make my own destiny. Where I make decisions out of desire, not need. A world that you, as a student of the markets, can join - by following my footsteps.

That’s where the benefit of a trading Mentor comes into the picture. It also makes you realise the value of your Your Trading Edge subscription, when you get to shortcut your learning curve like this by listening to other successful traders strategies.

So... what do you think? Can money buy you happiness? What makes you happy? Are you doing what it takes to make you feel the type of motivation that it takes to pursue your goals?

This month, I challenge you to think about this topic, and if you've got kids, to bring it up with them. You're in an ideal position to influence your kids 'money scripts'. I'll bet you it will make for some interesting dinner discussions!

The Pursuit of Happiness. A Logical Goal for a Trader?

It seems that we in the West are pre-occupied with the pursuit of happiness. We expect happiness and chase it our entire lives. Really though, when you think about it, if you were born in a poverty stricken part of the world where there wasn’t even the guarantee of your next meal – other things would definitely take precedence.

Because of our affluence, we are free.

It’s natural to feel sad about things when events aren’t going our way. So often though we try to squash those emotions, and as a trader, the results can be perilous. Firstly, let me give you permission to be sad.

Just because you’re a trader, you don’t have to ‘act happy’ all the time? Often the traders who try to cover up their emotions find that the market will act as a mirror – reflecting their dark secrets by way of ripping profits out of your account.

Self-sabotage runs rampant with traders who seek to deny their true selves. You may have heard the Carl Jung statement: “That which we seek to deny, we empower”. This catches many traders who prefer a band-aid approach for serious problems that they would ideally like to sweep under the carpet.

Every trader should share the goal of self-awareness. Even if you’re not ‘up’ all the time, acknowledge this, and be aware of your emotions.

Louise Bedford has a free 5-part e-course waiting for you at She is also the author of The Secret of Writing Options, The Secret of Candlestick Charting, Charting Secrets and Trading Secrets.

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