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Scientific Essay from the year 2016 in the subject Psychology - Work, Business, Organisational and Economic Psychology, grade: 1(A), , course: Academic Writing, language: English, abstract: This research defines the concept of financial well-being and explores how to establish it with the connection between money and happiness. Also, the study shows that financial well-being can be achieved through the combination of earning and spending money in a right way, which is earning from the suitable quadrant (Employee, Self-employed, Business Owner or Investor) and spending on experiential goods and on other people. The research primarily includes Abraham Maslow's "Hierarchy of needs" to prove its points and show the steps required for achieving overall welfare. This has been done by examining Robert T. Kiyosaki's book "Cash Flow" as well as other articles intended to show how more money can make a person happier. As a result, a deep analysis of money-happiness connection has been made; the steps required to be taken to reach financial happiness and overall satisfaction of life have been described. This will allow individuals to get a better understanding of the nature of money; and how it can be used to create more happiness for oneself.