financial independence and happiness
Share this post

How Financially Independence Makes You Feel Freer and Happier

Financial independence and happiness. We all know how important it is to be independent. No matter how tough times maybe, most of us don’t want to be in our thirties and living at our childhood home, or seventy and still working.

Whether we like it or not, financial independence is key to happiness. It gives you the ability to decide where you want to be—where you want to live; where you want to work. It gives you the ability to travel and explore the world. It can give you flexibility for when you retire. It can even help you provide happiness for others through generosity.

As the comedian, Bill Hicks once said, “If you think you’re free, try going anywhere without money and see how far you get.” Financial independence is key to our overall well-being by giving us the feeling that we have freedom and the ability to do what we want when we want. In other words, financial independence is key to a strong sense of autonomy.

Read on to learn more about five ways that financial independence can specifically contribute to your sense of happiness.

Financial Independence and Happiness

Ultimately, financial independence equates to freedom. And it sure is hard to be perfectly happy when you don’t have freedom. And while money never guarantees happiness, it sure can help. Here are five ways that financial independence and happiness are intimately linked.

Deciding Where You Livefinancial independence and happiness

Having financial independence can really open up your possibilities. While being financially independent doesn’t necessarily mean that you’re super-wealthy, it means that you have enough financial comfort to have much greater freedom.

And what is more freeing than deciding where you live? Even if you’re somewhat limited geographically speaking, simply getting to live on your own is a powerful feeling and can be an important part of financial independence for many people. It’s much harder to be happy when you’re living with family or roommates who drive you up the wall, rather than on your own or with a best friend or significant other.

Deciding Where You Work

On a similar note, deciding where you work is another real privilege. So many people absolutely detest their 9-5 grind. If you establish a significant degree of financial independence, however, you’ll have more freedom in deciding when and where you work.

Although you may be limited based on your education and experience, the simple fact of having financial independence can help buy you time in between jobs or allow you to take the time to pursue a degree or a new field. Without financial independence, this type of thing is impossible without taking out loans, which can end up costing you financial independence for a lifetime.


Happiness can be a difficult thing to achieve, and there’s nothing wrong with struggling to be happy: One beautiful part of financial independence, however, is the ability to travel. Getting out of your comfort zone, meeting others, and experiencing foreign cultures is a sure way to feel energized and get a new perspective on life.

With financial independence, you have this incredible possibility. Without it, it’s much, much harder. It’s as simple as that, and one big reason why financial independence is so essential to our happiness and overall well-being.

Retirementfinancial independence and happiness

For those of us who are still working, we may often think about retirement. After all, it seems like life’s pinnacle—simply no longer being obliged to work to pay the bills. Ideally, we could all have jobs that we love and that we’re happy to work until we’re seventy, but that’s just not the case.

So, financial independence once again can make a huge difference in happiness and the quality of your life. If you have the degree of financial independence where you can decide to retire or continue to work for another few years if you want to, that’s a massive blessing. Many people are desperate to retire, and if you’re able to retire early or delay it simply because you enjoy your work, that’s a privilege that is sure to make you feel much happier overall.


“Philanthropy,” from Greek, means love of “anthros,” or “man” (i.e. people). Many of us may love our fellow humans, but it can be hard to show this recognition without money or time. If you’re freed from the responsibility of having to constantly work and save every single penny, then you’ve already achieved a significant measure of financial independence.

When you can donate to those who are less fortunate or simply be generous with friends, family, or strangers, you will certainly reap the benefit of feeling happier. It can be a beautiful, rewarding feeling to give without expecting anything in return. In fact, it can be downright addicting.


Financial independence is an amazing feeling, especially when you’ve worked hard for it and earned it on your own. That way, you know both what it’s like to struggle and to be financially independent. You’ll have a more grateful perspective on the world, which often leads to a more philanthropic mindset.

Whether it’s about deciding where you want to live, where you want to work, when and where you want to travel, when you want to retire, or how much you want to donate to a given cause, financial independence directly contributes to greater feelings of security, freedom, independence, and happiness. Taken together, it’s a sure recipe for greater mental well-being.

Article by

Alla Levin and developed in partnership with BetterHelp

Seattle business and lifestyle content creator who can’t get enough of business innovations, arts, not ordinary people and adventures.

About Author

Alla Levin

Hi, I’m Alla, a Seattle business and lifestyle content creator who can’t get enough of business innovations, arts, not ordinary people and adventures. My mission is to help you grow in your creativity, travel the world, and live life to the absolute fullest!


movies for entrepreneurs

Boudoir photography allows women to celebrate their sensuality through graceful, intimate photographs...

I Recommend

All the information you need to understand the business world, your career, and marketing. All the information you need to understand the business world, your career, and marketing.

My favorite tools for creators

My favorite Tools for Content Creation

I recommend

Be Informed, Be Inspired - Join Today


Fact-checked with real-life-backed research

Written by small business experts and seasoned journalists

Updated to reflect the latest modern trends and advances

Reviewed by board-certified tech and lifestyle professionals