May is Mental Health Awareness Month. While it’s often said that “money can’t buy happiness,” financial stability can alleviate some of the stress and anxiety related to economic uncertainties. Financial planning allows individuals to manage their resources better, prepare for emergencies and achieve personal goals, which can lead to improved mental well-being. However, the pursuit of financial independence (aka “retirement”) should also be balanced with the understanding that wealth alone does not lead to personal fulfillment or happiness.
True contentment often comes from experiences, relationships and a sense of purpose rather than the accumulation of assets. Taking time to reflect on what brings genuine satisfaction and how best to utilize financial resources to support those endeavors can lead to a more meaningful and intentional living. This perspective promotes a richer and more rewarding life experience, proving that while money can provide some comfort and security, it is the personal and emotional investments we make that truly enrich our lives.
So, in the words of Mary Oliver, “Tell me, what is it you plan to do with your one wild and precious life?”
