Well said. Anyone who says something like "money buys happiness" hasn't spent any time around multi-generational wealth. There are many unhappy people in the world who have never looked at a price tag or receipt in their life or known 1 day of lack. Of course this is the .01-1% of the population so it's not exactly known by most......
Money is like water - for most people, it fills a deficiency need. For instance, someone who's spent their entire life in a desert, every single day having to ask "when will I get my next drop of water....why do I always have to worry about water, etc." will literally spend most of their life thinking
"boy if I had enough water, my life would be so perfect".
This isn't far off from how many people live. About 1 billion people a day don't have clean drinking water and if you spend any time around these people, you will see that they talk about water the way the average person
talks about money.
What people really want is a)options and b) freedom from lack/more abundance. Aim to have all the money you need with plenty to spare for whatever lifestyle you want - that and that alone.
Because like most things in life, too much money can be more of a burden than a blessing. Find yourself a very wealthy mentor and he/she will break it down for you....
After a certain money threshold, money DOES become work. How?
1) fear/constant concern constantly about your loved ones - you have to start worrying about their safety (just ask Pierre Omidyar whose kids are accompanied to school by an ex member of the Foreign Legion)
2) law suits - for a couple of tho' you can buy a list of the 30k or so ultra-high net worth individuals in the usa (net worth minus homes of $30 million or more....) leeches out there make a living off of figuring out how to sue you
3) you can't up and meet new people just like that - almost always people have an agenda to meet you and you have to constantly be on your guard
4) full-time job just giving it a way - if you have a bit of a soul, you don't want to hoard it all; this means you need a structured giving plan in place so that you aren't cheated and so that the resources are directed to their highest and best use - imagine that! a semi-full time job just giving money away - can be more work than you really wanted....
the list goes on and on.......
I think Ray Dalio has it outlined quite well in his letter to employees (arguably the world's best fixed-income investor -
Bridgewater - Philosophy ) the importance of money and what really leads to happiness - the pursuit of excellence as he believes
I personally think having enough funds to do what you want to do in life is the key, but don't get trapped into the cycle of needing more, more, more because you'll always lose in the end....
PS
Here's a great doc by Jamie Johnson whose a member of the Johnson family called "The One Percent" that you might really enjoy and find most insightful...
YouTube - Broadcast Yourself.