If Money Doesn't Make You Happy Then You Probably Aren't Spe...

If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right

Money and happiness are explored through eight principles - experiences over things, prosocial spending, small pleasures, less insurance, delayed consumption, considering the overlooked, caution in comparison, and social influences.

scholar.harvard.edu

updated 1mo ago

dentify small purchases that make you happy, and don’t feel guilty about spending money on them. Ignore financial experts who tell you to save by not buying coffee or minor indulgences. Those purchases are not going to make a difference in your longterm financial goals, but they can have an impact on your immediate happiness.
Nick Bennett added
According to Frank, the desire for many to indulge in luxury “possessions” is motivated less by the gratification they may bring than by what others are buying or want to buy. We try to achieve happiness by improving our relative social status. For example, if your neighbor didn’t buy his new Mercedes Benz, you wouldn’t probably feel the need for t... See more
from Conspicuous Consumption and The Era of Excess // Book Summary of 'Luxury Fever' - Right Attitudes
James Stevens added
'…invest in meaningful experiences that bring you joy.’ - THIS.
people to think back to a time when they spent more than a hundred dollars with the intention of increasing their happiness and enjoyment. One group of subjects was asked to pick a material possession; the other was asked to pick an experience or activity they had paid for. After describing their purchases, subjects were asked to fill out a questio
... See more
from The Happiness Hypothesis by Jonathan Haidt

from Conspicuous Consumption and The Era of Excess // Book Summary of 'Luxury Fever' - Right Attitudes

from The Happiness Hypothesis by Jonathan Haidt