Another oldie but goodie on Money not being the root of all evil (DEBT is). Thus lack of debt must assuredly make you happy?
My real opinion on the money and happiness thing is:
Lack of Debt makes you VERY happy
Now you might think that is the exact same thing as “Money can buy happiness”, but no, not at all (in my estimation). Money buying happiness is sort of the diametric opposite of my pithy concept, since buying things is where DEBT (BOO!) comes from (well buying and not paying for it). I suppose if you had enough money to pay for all your things and stay out of debt, you could be VERY happy, but my guess is there are not that many folks out there like that.
Think of it, every time you look at your pay stub (if you are out of debt), most (if not all) of that money is yours. You have to pay your monthly bills, but you don’t have to then take what is left and figure out how to service your debt, you can instead plan on how to save it (the opposite of servicing the debt). How can this not make you happy?
No, I am not saying that all folks who are out of debt are happy (people can find ways to be miserable no matter what their circumstance), but I am saying you have one less thing to make you UNhappy, if you are out of debt.