Article: Don't confuse money with happiness

A small excerpt from a great article on CNN.com today, which gave me peace having made the tough choice to give up a lucrative career to pursue something I know I'm going to love:

[The economy] is what it is.

And when we wake up in the morning we are left with the question, "Now what?"

It's actually a great question, because in a situation in which we've lost control, it gives us a little back. "Now what?" means we have a choice, in this moment, to do something. What's it going to be?

I think it's a mistake to try to rebuild what we've lost. We have less now and I think we can do better with less. Having less forces choices. And consciously making those choices can bring us closer to the things we care about. Which can make a poorer life richer than a rich one.

Because the research is clear. Above a basic threshold, more money doesn't make us happier. But we think it will, so we do all sorts of things that make us unhappy in order to get it.

A senior leader in an investment bank called to tell me she was leaving her job. She realized she wouldn't make much money in the next few years and didn't want to miss her children growing up. Did you get that? She was willing to miss her children growing up if the money was good enough.

People act in ways they'd rather not in order to make money that doesn't make them happy. Maybe, if we do this downturn right, we can get out of that cycle.

So, what makes you happy? Is it spending time with people you love? Working on a pet project? Having the time to exercise? Being part of a community and feeling cared for? Knowing the answer enables you to make decisions that will prioritize those things.

Of course, losing money can break people apart; we fight about money, people lose jobs and get depressed; tension rises as mortgage bills sit on the kitchen table unpaid; resentment builds when one person doesn't live up to his own and others' expectations.

But I am also seeing the opposite. Losing money can bring you closer to your values; can actually bring people together. It's hard to appreciate in the midst of our loss, but embracing the forced reduction in lifestyle can be positive.