Money Can’t Buy Happiness -By Tife Owolabi

Money is often considered the key to a happy and healthy life, but it is not the only factor that determines our well-being. In fact, having a lot of money does not guarantee happiness or good health. The rich and famous, who seemingly have it all, often struggle with the same problems as everyone else, and sometimes even more so.

Despite their wealth and status, many celebrities and business moguls have struggled with mental health issues, addiction, and feelings of loneliness and isolation. Some have even taken their own lives, leaving behind a trail of shock and disbelief. This shows that money is not enough to keep us alive and healthy, and that the storms of life can affect anyone, regardless of their bank account.

For instance, celebrities like Robin Williams and Kate Spade, who appeared to have it all, struggled with depression and ultimately took their own lives. Similarly, billionaires like Tony Hsieh and Chris Lighty, who seemed to have achieved the ultimate success, struggled with mental health issues and died by suicide.

In 2021, Ibrahim Mantu, a Nigerian businessman and former Senator, died by suicide
and Richard Uzuh, a Nigerian businessman and CEO of the defunct Continental Bank, died by suicide in 2011.

Most recently is the former Konga CEO, Nick Imudia ends it all.According to reports, Imudia, who was until his death, the CEO of D.light, a leading innovator in the distribution and financing of residential solar energy solutions and transformational household products, killed himself Tuesday night by jumping from the balcony of his Lekki, Lagos apartment.

The report said: “Before making the jump, he had called his US-based brother to give him instructions on how to distribute his wealth should anything happen to him.

“He also called his young daughter from a previous relationship and told her he would always be there for her and that all she needed to do was to look to the sky and he would see her.”

Moreover, research has shown that once basic needs are met, additional wealth does not necessarily lead to greater happiness. This is known as the “Easterlin paradox.” People may experience a temporary high from a new purchase or achievement, but it wears off quickly, leaving them feeling empty and unfulfilled.

Lastly, money is not enough to stay alive and healthy. The rich and famous are not immune to the struggles of life, and their wealth and status do not guarantee happiness or good health. True fulfillment and well-being come from a sense of purpose, meaningful relationships, and a positive outlook on life. As the saying goes, “Money can’t buy happiness,” and it’s important to recognize that true wealth goes beyond our bank accounts.

Jumm’a Mubarak!

Tife Owolabi is a Development Studies enthusiast and he writes from Yenagoa, Bayelsa.