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How Do You Define Happiness?

Outlook Money

|

November 2024

Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness

- LARISSA FERNAND

How Do You Define Happiness?

Ratan Tata’s recent demise brought to mind a very interesting interview where he spoke about what happiness meant to him and how his idea of happiness evolved over time. What struck me was the clarity with which he thought about the subject, and how he categorised it.

Accumulation Of Wealth

Tata spoke about how he was extremely happy as he accumulated vast wealth. No surprises there.  is would make any human being happy. More money never made anyone sad, for sure. But after a while, it failed to evoke the same happiness as before, he said.

End Use Of Money

Money is never an end in itself. Its value lies in what it can purchase. It could be a lifestyle, which is the most evident sign of wealth, or security and peace of mind (in matters of survival and comfort at least). It could even purchase experiences, such as a holiday in Iceland to see the Northern Lights, or a hot air balloon ride in Cappadocia, Turkey.

Tata’s immense wealth gave him the privilege of traveling wherever he wanted to, and purchase whatever he fancied, such as the Dassault Falcon private jet, along with his exotic car collection. He is also said to be a connoisseur of art, and bought exquisite paintings, manuscripts, textiles, arms, armaments, porcelain artifacts, and more such items from across the world. But after a while, when he was well acquainted with wealth, the appeal faded gradually.

Professional Achievements

FLERE HISTORIER FRA Outlook Money

Outlook Money

Outlook Money

Gold vs Real Estate: What You Should Know

Both gold and real estate have long been preferred investment choices for Indians. They hold sentimental value, too. We compare the two and assess if one or both assets can complete your portfolio

time to read

7 mins

October 2025

Outlook Money

Outlook Money

Strategic Vs Tactical Allocation

Fixed-income investments can be bucketed based on your time horizon. However, you can also tweak the allocation, tactically, in accordance with the market conditions

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Discipline Is Key, Shows This Retiree's Life

Pramod Agrawal, 64, a former banker, is an inspiration for active retirees who do not know what to do with their idle time post retirement. Pramod, who lives with his spouse in Ghaziabad, had the option of staying at home, like most retirees, but chose to use his expertise in new ways. Now, he is a visiting faculty at several institutes.

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Will The E20 Fuel Rollout Make The GST Benefit Ride Bumpy?

The GST rate cut will benefit most car and two-wheeler buyers, but the E20 fuel rule may upset your budget. Calculate well and plan ahead for a smooth ride

time to read

6 mins

October 2025

Outlook Money

Outlook Money

Input Tax Credit In Insurance

Health insurance premiums in India have become more affordable after the government removed the 18 per cent goods and services tax (GST) on them.

time to read

2 mins

October 2025

Outlook Money

Regulatory Roundup

A few regulatory changes in September 2025, and how they will impact you

time to read

4 mins

October 2025

Outlook Money

Frugality: A Smart Money Move

We often equate frugality with penny-pinching behaviour. But it isn't. It is about being smart with money, and spending it on things that give value and satisfaction

time to read

5 mins

October 2025

Outlook Money

Here's How To Make Health Insurance Claims

For many people, health insurance is the safety net that prevents a medical emergency from turning into a financial burden. Yet, policyholders often find themselves confused while filing claims.

time to read

1 mins

October 2025

Outlook Money

Outlook Money

Why Seniors Need To Know Their Legal Rights

Many senior citizens often end up in destitution after being abandoned by their kith and kin, typically after transferring their property. Can taking recourse to laws meant for seniors lend a helping hand?

time to read

5 mins

October 2025

Outlook Money

Advantage Of Low Cost, High Returns

If you want to stay away from the constant game of chasing outperformance or worrying about underperformance, exchange-traded funds (ETFs) can be a smart option. They provide broad market exposure, are cost-efficient, and eliminate the need to time the market. An index ETF allows you to invest in sectors and stocks of the underlying benchmark in the same proportion as the benchmark. If you want to invest in Nifty 50 companies, Nippon India Nifty 50 BeES could be a decent choice.

time to read

1 mins

October 2025

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