Money can buy you happiness, as long as you spend it on travel

As residents of modern-day life as we know it, we have become somewhat obsessed with all of the technological developments that now play a central role in our everyday. It is only normal then that we have become more materialistic in our attempts at happiness as well.

There is a noticeable trend leading us away from first-hand experiences and towards a world orchestrated by the technological commodities everyone seems to be trying to get their hands on in pursuit of some form of personal pleasure.

And while I love the smell of a new gadget as much as anyone else I have come to realise that while the immediate impact of those things may be relatively high, they do come with greatly diminishing returns over the long term.

It turns out money can buy you happiness, but like any other investment, to succeed, you need to do it right!

Dr. Thomas Gilovich, a psychology professor at Cornell University, who has researched the effect of money over happiness for more than two decades comments: "We buy things to make us happy, and we succeed. But only for a while. New things are exciting to us at first, but then we adapt to them."

Don't let that scare you into browsing for investment funds though, because you don't need to look much further than your last trip.

It’s those unexpected adventures that you find yourself in while traveling, like chasing after nothing but a distant glimpse or a vague piece of music that take you to the most vibrant and enchanting carnival imagineable that you should be focusing on.

Even negative experiences can have a positive effect

In his studies, Dr. Gilovich also found that even poor experiences can have a positive long-term effect when looking back on them. Similliraly, I think those who keep traveling close to their heart can tell you it’s about tackling the unknown and being able to tell the story of your thrilling adventures, even the ones that didn't seem as good at the time.

And while I'm not one to dismiss the art of salesmanship I think even the most gifted in the trade will have a hard time convincing me there is any better way for me to spend my pennies.

Traveling broadens the mind and carries a value that transcends beyond the material. The benefits of your investment are incremental and, unlike that new TV you desire so badly, will not depreciate but only get better as time goes on and the memories you built become eversomuch dearer.