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The happiness trap: How to win the battle between money and meaning

Two-thirds of us feel unfulfilled at work, and many of the rest struggle with making a living – and it’s high time this changed.

Laurence McCahill
Mar 4, 2018 · 6 min read

“Happiness is when what you think, what you say, and what you do are in harmony.” Mahatma Gandhi

Over the last 5 years we’ve met hundreds, if not thousands, of people that are seeking more from their work and life. Whilst the monthly pay cheque might be feeding their mouths, it’s not feeding their soul.

At the same time there are others that have found their calling, but struggle making a living from it.

We call this the happiness trap: for many it’s a straight choice between doing good or making money.

However it needn’t be that way.

We’ve been on an experiment to see what would happen if you built a business – and community of likeminded founders – where you follow your heart, not your head. Where decisions are made for reasons other than money.

Not the easiest path – we’ve had to make some tough decisions along the way – but certainly the most authentic and fulfilling.

What started out as an idea has now been borne out in reality. We and many others in our community are living proof that it’s possible to find a balance between money and meaning – and that it’s a lot easier together than alone.

We’ve learnt that when you put your heart on the line, more often than not the support you need comes your way.

“When you act with deep integrity, the universe conspires to support you.” Frederic Laloux, Reinventing Organisations

And entrepreneurship isn’t the only route. Some decide not to start a company at all, but rather use their new found knowledge and clarity to collaborate with others on theirs or work in a role that gives them something more. What binds everyone is a common set of values and a desire to change things for the better.

After coaching and mentoring many of these people, it’s become clear there are four discrete groups — each with different needs — but all with a realisation that something is out of balance and needs addressing:

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1. The rat racer

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Too many people are living other people’s definition of success, chasing the paper not the dream. They’re working for the man, on the hedonic treadmill or climbing the wrong ladder.

These people often see money as a means to an end, but know there’s something missing. You’ll typically here this group saying things like:

“I’ve tried doing what I love, but I guess it’s time to get a proper job.”

“Work is work, right? Fun is what happens at the weekend.”

Exercise: Get some perspective from Alan Watts in this video…

2. The purpose seeker

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This group that have found something they love doing that pays the bills – on the surface an incredible position to be in.

However optimising for your own happiness can eventually start to feel a little shallow. You might want that dream car, or crib in Bali, but if it’s all about you, you’ll never be truly happy. We’re social creatures and need to feel part of something bigger to develop a deep, lasting happiness.

“People who have meaning and purpose in their lives are happier, feel more in control and get more out of what they do. They also experience less stress, anxiety and depression.” Mark Williamson, Action for Happiness

It may be that you find purpose elsewhere – whether from family or a side project. But if you still have a nagging feeling of emptiness and want to do work that matters, there are some simple ways you can start to bring more purpose into your work and life:

  • Find problems that get you angry or frustrated
  • Use this new found fuel to make a positive difference to the lives of others, one step at a time

Exercise: Claim your free superhero glasses c/o Ole Kassow…

“We all have the power to transform someone’s life” Ole Kassow at Happy Startup Summercamp 2017

3. The martyr

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These people are making a living from something deeply meaningful. But while it’s a huge achievement and noble to put others first, many in this group – such as social entrepreneurs or charity workers – cite burnout as a problem, as they’ve failed to look after themselves. They’ve become a slave to the cause.

Rather than being selfless – or even selfish — in Adam Grant’s words it’s important to be otherish (taken from his book Give and Take):

“Otherish giving means being willing to give more than you receive, but still keeps your own interests in sight, using them as a guide for choosing when, where, how and whom to give. When concern for others is coupled with a healthy dose of concern for self, givers are less prone to burn out and get burned.” Adam Grant

Here’s how you can rediscover your mojo:

  • Better understand which of your fundamental needs aren’t being met
  • Get clear on what success looks like for you
  • Tune into your body so you can ensure you keep your energy high
  • Know your values and how they will help you to make better decisions

Exercise: Create a cheery postcard from the future in this free lesson

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4. The idealist

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If you’re using your passion and skills to help others, but not making money, then this is solely a hobby or pro bono work, not a business.

If you want to build a business, then you can’t avoid the fact that you’ll need to start making money. If you battle with charging for something you love doing, then you have work to do.

If you’re in this group it’s time you started to act, and think, more like an entrepreneur:

  • Develop a different money mindset
  • Learn about different business models
  • Discover proven approaches to boost your income
  • Get access to some simple yet powerful tools

Exercise: Better understand your relationship to money in this post

“Money is like a mirror, showing you who you want to be. In the mirror you see the reflection of the free you, the secure you, the enabled you. So you believe money really is those things. You see those powers when you look at money.” Tom Nixon

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In summary

Happiness and success doesn’t come by luck. It comes from a hard fought understanding of who you are and what matters to you.

The rest you can learn.

Deep down you probably know yourself if there’s something out of kilter, typically manifested through an urge to create or change something. Your tactics may just change depending on whether it’s a lack of money, meaning or wellbeing.

The first step is awareness. From there it’s about working to create — and maintain – a healthier balance that frees you up to work at your potential and make your biggest contribution to the world.

So, what are you waiting for?

Join our learning community of entrepreneurs, creatives and changemakers committed to building a life and business rich with purpose.

The Happy Entrepreneur

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Laurence McCahill

Written by

Co-founder The Happy Startup School. Building a global community of heart-shaped entrepreneurs and leaders, one event at a time.

The Happy Entrepreneur

For the new breed of entrepreneur that believes there’s more to business than making money

Laurence McCahill

Written by

Co-founder The Happy Startup School. Building a global community of heart-shaped entrepreneurs and leaders, one event at a time.

The Happy Entrepreneur

For the new breed of entrepreneur that believes there’s more to business than making money

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