This is one of the many excuses a “poor-minded” people use why they are not yet rich.
I want to quote something from the book Nice Girls Don’t Get Rich: “Of course, money doesn’t buy happiness. And neither does poverty. It’s not wealth or poverty that makes you happy or unhappy, it’s how you live your life. Money simply gives you choices that you might not otherwise have.”
Money cannot buy happiness but it can buy freedom. Freedom from your boss who nags you everyday. Freedom from the worries of tomorrow because you have enough saved and invested. Freedom to do whatever you want because money is not a problem. Freedom to go on a vacation when ever you wanted. Freedom to attend school activities with your kids because you can afford to do so.
You may recall an old line from Sophie Tucker: “I’ve been rich and I’ve been poor; believe me, honey, rich is better.”