Day 1: Popular Money Myths that We Need to Identify and Escape!


Chuck Bentley explains the reasons why money will not buy you happiness.

A popular money myth is that money can indeed buy happiness. The saying goes, “Whoever said money can’t buy happiness doesn’t know where to shop! ” This myth is built upon a belief that our material comfort is the ultimate path to achieve our personal satisfaction in life.

First, this myth is contradicted by the Bible – Hebrews 13:5 says - Keep your lives free from the love of money and be content with what you have, because God has said, "Never will I leave you; never will I forsake you." The Lord is saying that your stuff will leave you and forsake you but He will not.  Materialism – placing our hope and joy in things - is actually the road to emptiness and misery, not joy.

Second, the myth is contradicted by scientific studies. According to a study from Princeton University, money sort of buys happiness — but only up to about $75,000 a year. But no matter how much more than $75,000 people make, they don't report any greater degree of happiness.

Certainly we need money to pay our bills and take care of our family, but our greatest source of happiness comes from learning to be content with what we have and trusting God for our daily needs regardless of how much or how little.   

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