We like to think that we are in control of the money because it seems easy to control, but in reality money controls us. Take a look around to see how the world works. Money is capable of making us rethink our own principles and everyone is vulnerable to the influence of corruption. You might think that’s not true … Okay, everyone but you!
The psychology behind money and greed
But it is not me who claims it, but a whole set of studies straddling psychology, economics and sociology, which study our relationship to money and what are the psychological consequences of the possession of fat sums of money.
In this sense, a team of scientists from the Universitat Jaume I de Castellón concluded, after a study, that rejecting a bribe is more stressful than accepting it. Does it still seem strange to you that many politicians and businessmen are corrupt? Seen this way, money is like a drug and as such is addictive.
People change their behavior because of the money
People change their behavior if there is money in the middle. A study from the University of North Carolina found that if they offered money to a group of subjects, they could increase their scores on a verbal test.
Not only that, but money can make us behave like “fools”: for example, mortgage us for life or make us buy things that are not useful. But even though some are stubborn in believing that money brings happiness, there are several studies that show that once we have met our basic needs, earning more money doesn’t make us happier.
Money also changes the way we think
Stephen Lee, professor of psychology at the University of Exeter, believed that the theory that money is just a tool to get what we want is incorrect. Well, this one raised a few questions in this regard: How is it that in many cases money is the end in itself and not the process of getting there? Why can money blind us even to our own well-being? Why are we humans able to have too much extra money and not distribute it?
So it seems that we don’t just have the money to be able to subsistBut with money, as with drugs, the dose must continue to increase. In fact, various research has shown that the mere thought of making money activates the same areas of the brain as these substances.
On the other hand, research from the University of Minnesota has shown that money changes the way we think. According to the results of his study, just by looking at a photo showing money, our brain acts as if we are going to win a prize. In other words, our brain areas related to mathematical memory and attention are considerably activated.
Money can make you a worse person
The vast majority of people surely think that if the lottery ever hits us, the problems will end and we will be the happiest people in the world, especially since the economy will be the way it is. But in a report by Manfred Kents de Vries, a distinguished professor at ISEAD Business School, he states that having a well-stocked wallet doesn’t make you happier.
In addition, other studies, unlike those that claim that money increases self-confidence, seem to confirm that it makes people less charitable, more disagreeable, and harms social relationships.
Now, if you have the money or one day you get rich, you better spend your money on other people. A study by Michael Norton, professor at Harvard University School of Business, showed that when money is spent on other people it makes you happier than when you spend it on yourself.