4 Main Money Philosophies: Which One Matters To You?

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Money Worship

African american woman artist counting dollars at music studio

Source: AaronAmat / Getty

Money worshippers believe that money is what would make them the happiest. Their core belief is that most of their problems would just go away if they had more money. And they believe that spending money brings joy. Money worshippers tend to carry high credit card debt.

Research has actually shown that having lots of money is not the key to happiness. A study reported on PNAS shows that people experience diminishing returns of happiness past the point of making $75,000 per year.

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