You may not deserve happiness, but enjoy it anyway

Luck tends to come to those who save and invest for a long time. However, sometimes your luck exceeds expectations. In such situations, you may experience money guilt.

Money guilt arises when you don’t feel like you deserve your happiness. With literally eight billion people in the world, why should you have the job you have and make the money you do? Or why did you get to buy Uber during the seed round and now be hailed as an investment genius for the rest of your life?

Maybe you don’t deserve your happiness. But since there’s an endless amount of money to be made in this world, maybe you should enjoy it anyway. Because if you don’t make the money, someone else will.

Two somewhat unexpected financial positives

The reason I’m writing this post is because I’m feeling happier than normal. Like most of you, I saw my stock portfolio rebound after the 2022 bear market. Losing a lot of money on paper is never a good feeling.

But this stock portfolio rebound is not deserved. No effort was made to see my portfolio move back up. When you have done next to nothing to earn money, you may feel guilty. Ironically, the lack of effort is why dividend-paying stocks are one of them top passive income investments.

The second win is the decline in luxury home prices in San Francisco. When I was buying our current home in 2020, I had a strong feeling that it wasn’t going to be ours home forever. I mainly wanted a completely renovated place to stay during the pandemic because our previous place was under construction.

Depending on the price segment of the houses, prices in San Francisco are falling by 5 to 20%. Higher-priced homes are falling in part because no one really needs a 9th bathroom or 10th bedroom. Conversely, house prices near the median are only marginally lower because more people can afford them.

Last year I would have paid 18% more for it I have a contract at home buy today. The only problem was that I didn’t have enough funds to buy it last year.

Back then, I was so serious about buying a house that I was even willing to jeopardize the relationship borrowing money from a friend. Owing money to friends is embarrassing.

A 20++ rebound in my stock portfolio and an 18% drop in the price of the house I want to buy feels like double luck! The problem is that the double win also feels like a fantasy.

How to counter the bad feeling of good luck

All I hear from the media is how unaffordable housing prices are due to high mortgage rates and low inventory, but at the same time I wonder, “What about our higher investment portfolios and higher net worth? And what about the possibility to buy at lower prices? Don’t people also invest in fun money stocks?

Maybe not. So in a way I feel bad because shopping for a home with little competition is a great feeling. It’s like taking a first grade spelling test as an adult. Will I really be able to accomplish my goal? buy the nicest house I can afford if my children live with us? Damn Yes!

If mortgage rates ever fall, home buyers who buy today can refinance and avoid bidding wars in the future. That’s a good choice. I have been investing in real estate for over 20 years and when the market heats up, prices rebound quickly. I don’t want to buy in a crazy market.

To avoid feeling bad about my luck, I decided to write as many new posts as possible to help others. In other words, I wrote more to overcome the guilt of not working hard enough to deserve my situation. And you know what? It makes me feel less guilty.

Hard work is the key to eliminating money guilt

Let’s say you are a trust child or a not a child who has done next to nothing for your wealth. Tea Bank of Mum and Dad they bought you everything you ever asked for, even as adults.

If you feel guilty about your situation, then one solution is to go to work creating a trust fund work. It’s the best way to feel like you’re contributing to society.

If you can take your work a step further by doing work that helps others increase their luck, then even better! By working hard to spread the wealth, your money guilt will melt away as you nurture others as well.

Another way to take the bad feeling out of your happiness is to devote as much of your time as possible to helping others. The more you can directly help the people who need help the most, the better.

Giving money away is another way to reduce yours monetary guilt. However, it won’t be as effective as volunteering because you’re giving away money you didn’t earn. Therefore, you just find yourself back in a neutral position.

It’s easy for me to help people. I have the Financial Samurai platform and readers can subscribe to my newsletter without paywall. Listeners can also subscribe to my podcast at Apple and Spotify also free. I’m sharing what I’ve learned in hopes of helping others achieve financial freedom sooner.

Don’t forget the work you’ve already put in

If you’re not a trust baby or you’re not going to give birth, then don’t forget all your previous hard work. After a while it’s easy to forget all the sacrifices we made to build above average wealth.

Here are some examples:

  • Delaying having children to focus on your career, which made it harder to have children later
  • I worked 70 hours a week for five years so you could come up with a down payment to buy your house
  • He took it upon himself side hustles for 10 hours a week so you can go on a nice vacation with your family
  • He studied three hours a night in high school and five hours a night in college to achieve magna cum laude
  • He got up at five in the morning every morning for three years to work on his passion project
  • Every month for three years voluntarily in foster care
  • You have gone out of your way to mentor and help people in need

The more you can help others, the more happiness you will get. It’s a virtuous cycle that keeps growing over time. Some call it good karma.

On the other hand, if you always think of yourself first, then life may not be so kind. If you are born with great luck and great wealth but do nothing to help others, you will probably feel guilty.

Remember that bad luck will always come

Finally, it is important to remember that happiness does not last forever. Finally, something bad happens and you will curse your bad luck. When that time comes, be grateful for the good fortune you had before.

In my case, I assume that there is a 70% chance that the price of the house I plan to buy will decrease after the purchase. After all, it takes years for real estate to find a plateau once prices start to fall. I also expect to deal with random issues like storm leaks and broken appliances in the future.

Therefore, whenever I feel particularly happy, I remind myself of this this should pass too. I don’t want to get too excited about anything because things are always changing. At the same time, I try not to get too down when something terrible happens. Because this too shall pass.

The parable of the Chinese farmer illustrates my point perfectly.

The Parable of the Chinese Farmer

A farmer and his son had a beloved horse that helped the family earn a living. One day the horse ran away and their neighbors exclaimed, “Your horse has run away, what terrible luck!” The farmer replied, “Maybe yes, maybe not.”

A few days later the horse returned home and also led several wild horses back to the farm. The neighbors shouted, “Your horse has come back and brought some horses home with him. What great luck!” The farmer replied, “Maybe yes, maybe not.

Later that week, the farmer’s son was trying to break one of the horses and she threw him to the ground, breaking his leg. Neighbors shouted, “Your son has broken his leg, what terrible luck!” The farmer replied, “Maybe yes, maybe not.”

A few weeks later, soldiers from the national army marched through the town and recruited all the boys into the army. The farmer’s son was not taken because his leg was broken. Neighbors shouted, “Your boy is spared, what great luck!” To this the farmer replied, “Maybe yes, maybe not. We’ll see.”

Related Posts:

Your great wealth is mostly due to luck, be grateful!

The phone call that changed my life forever

Spend time being grateful

If you feel upset or angry that something isn’t going well, zoom out.

  • Be thankful if you live in a stable country that is not at war with its neighbors
  • Value your health or the health you have left
  • Get to know your friends who constantly spend time checking you out
  • Love your family despite all the frustrations they cause
  • Value your work and your colleagues, some have a it’s hard to find a job today
  • Appreciate the benefits of being able to earn money in more flexible ways
  • Accept the daily cries and screams of your young children, for they will not be young for long
  • Be grateful for every opportunity to try!

Questions and suggestions from readers

Do you ever feel bad about your luck? Have you ever gone on a winning streak and dreaded it because you know something bad will eventually happen? How do you overcome any financial guilt or guilt about your happiness?

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