Can luxury make one happy? Or how valid is the concept of the 'Luxury Trap'? Are higher-priced goods of higher quality? Are brand items that much needed? Everyone says it doesn't, but a whole lot of people spend their lives pursuing it.

Yes, we need money – maybe more than just to survive in today's modern world. But this is also true that one cannot be happy once there is enough money to reach our goals. This is what decades of scientific study has shown.

It is hard to believe that too much wealth does not influence happiness much, although knowing that 'the beauty of simplicity of life!' Why does being human, we complicate everything? Because, a lot of us don't always act in our own best interest.

A number of modern behavioural psychology studies have revealed that humans don't always act rationally. Even some of them who buy luxury goods are not in a financial position to be able to afford those. In reality, one who understands the difference between 'more and enough' is the happiest person. The most beautiful form of happiness is not money or wealth, rather it is soundness of mind and soul and doing good deeds for others. Everything in moderation means that there is a healthy balance to one's life.

Research is uncovering how wealth impacts our sense of morality,  relationships with others, and our mental health. Our wellbeing is made of many parts. Money is just one of them. It has some power to bring health and happiness into our lives, but its effects are limited.

Today, scientists found that happiness is the ultimate goal of virtually all the decisions we make in life and suggested that the measure of a good decision depends on whether that decision brings us pleasure, a sense of wellbeing or contentment.

Our happiness prescription may actually be within our power to control. A recent study from Harvard reveals that luxury goods make many people who own them feel terrible.

E-mail: rubaiulmurshed@shomman.org