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Does a fat wallet make for a richer life?

It’s an age-old conundrum – Does money make you happier?

Paul McCartney once stated, when reflecting on the perks that money and fame had bought him, that his chart-topping song ‘Can’t Buy Me Love’ should have been renamed ‘Can Buy Me Love!’

What?! And he’s not alone. Most Australians seem to agree.

When posed with the question; ‘If you were given $100, what would you do with it to make YOU feel happiest?’ an overwhelming majority of the 1,200 Australians questioned, believed spending money on themselves would make them happy.

New research looking at brain-activity suggests altruism; the act of simply giving it away is the ultimate game changer and would in fact, actually make them happier. Much happier.

‘Performing an altruistic act releases dopamine and oxytocin otherwise known as the ‘love hormones’ explains Hailey Cavil, social entrepreneur. Did you know only other known activity that releases both these hormones at the same time is sex.

Blimey…. Perhaps it’s time to empty the wallet; and start feeling good!

Read full article here: http://bit.ly/Give_it_Away

This got us thinking. If giving feels so good; Is there a way to incorporate altruism into today’s social addicted world? Could simply giving things away make both giver and receiver extremely happy?

Famous red-headed supermodel, Lily Cole seems to think so. She’s currently in preparation to launch the world’s first ‘altruistic social network’ encouraging people to gift skills and services. Called ‘impossible.com’ it aims to create an alternative gift economy built on goodwill alone.

Backed by Wikipedia founder Jimmy Wales, (also a site where people ‘gift knowledge’) it’s being trialed on Oxford and Cambridge University Students in the UK, before being launched worldwide.

Says Cole, ‘Impossible is a utopian idea, but I do believe it’s possible.’

Mission Impossible?  What do you think?

 

By Circul8

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