Money really doesn’t make you happy

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An Australian millionaire gave away his 2.7 million EUR fortune because he finally realized he was falling into a consumerism trap, and money didn’t make him happy.

Note to all readers: This is a EUROPEAN, ENGLISH from ENGLAND article written about an AUSTRALIAN man.

Hence all the conversions done in EUR or pounds. I am well aware that Austria and Australia are NOT in the same continent, let alone hemisphere.

I am not mixing up the two countries.

Rabeder claims he is happy living in a small flat and surviving on the equivalent of £800 a month.

‘My then-wife and I were on the plane together coming back from Hawaii in 2004 and I realised that I was dying through consumerism,’ he recalled.

‘It has taken me until now to realise that I don’t need money and possessions.

‘I learned as a child the value of money and how to get by without it.’

Rabeder’s father was a painter, his mother an office worker.

He founded his first company in 1986 and soon became rich, adding; ‘I thought the more money I had the happier I would become, but it was not the case.’

He now lives in a two-room flat in Innsbruck, is divorced and added; ‘The worst that can happen to me is that I have to take a small job to get by.’

Read the story here.

It’s interesting to hear someone who “has it all”, explain that it really isn’t all that and a bag of chips.

It makes me think about my life, and the ever popular question:

“What would you do with a million bucks?”

Me? Nothing.

I may pay off some mortgages on behalf of my family, but I’d probably just bank the rest, and keep working and living exactly the same as right now.

I like my life the way it is, and there’s nothing more I could want from it. I have everything I need and could possibly want.

About everydayminimalist

I'm a 20-something year old girl who lived out of a single suitcase in 2007, and now I'm living with less, but only with the best. You don't have to get rid of everything to become a minimalist! Minimalism can help simplify and organize your life, career, & physical surroundings. You can read more about me as a minimalist. Or come and visit my other blog Fabulously Broke in the City where I got out of $60,000 of debt in 18 months, earning $65,000 gross/year.