Feeling unfulfilled despite wealth? 4 smart ways to use your money for true happiness

When you’ve got an $11 million net worth and a happy, thriving family, most people would assume you have it all. However, if you find yourself bored or unsatisfied with your situation despite all you have, you may not have fully achieved that elusive American Dream.

While it’s easy to say you should just be happy with your wealth, the reality is that money can’t buy happiness or guarantee fulfillment. The good news is that with such a big pot of cash, you can learn to use your wealth in ways that will bring you joy. You just have to figure out how to do that.

Here are some tips to help you maximize your money and break out of the rut that’s leaving you unfulfilled, turning riches into a truly rich life.

One of the great benefits of having money is ability to eliminate everyday hassles. Research from the University of British Columbia and Harvard Business School shows that hiring help to do unwanted chores significantly boosts happiness compared to spending on material items.

Whether it’s yard work, house cleaning, filing your taxes or cooking dinner, hiring someone to take care of the tasks you don’t enjoy can free up time for meaningful activities. You’ll probably be surprised to find how much eliminating these minor hassles improves your overall outlook.

Spending time and money to help others has proven to have a significant positive impact on the giver’s well-being. Consider using your wealth to enhance others’ lives — this can improve your own mental health and happiness.

Treat loved ones to nice dinners or even a shared vacation. Help family members and friends with financial challenges, or engage in meaningful charitable giving. Seeing the positive difference your money and time make in others’ lives can foster a deep sense of fulfillment.

Read more: Cost-of-living in America is still out of control — use these 3 ‘real assets’ to protect your wealth today

Research has also shown that spending on experiences rather than things can have a greater impact on improving happiness. With your resources, consider planning memorable family trips, attending concerts with your kids, learning new skills or embarking on adventures.

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