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.
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We’ve all heard the saying, “Money doesn’t buy happiness,” and, empirically, it’s true. Research shows that money protects against sadness but doesn’t buy joy.29 Once we make enough money to pay our bills, save for the future, and have at least some fun on the weekend, making more does little for our happiness. In data from 1.7 million people in 16
... See moreChanneling Gertrude Stein, money can buy happiness if you shop in the right places, both physically and mentally. When money is spent to underwrite the sources of contentment detailed in the previous chapter, then—yes—money buys happiness. “Money is an opportunity for happiness, but it is an opportunity that people routinely squander because the th
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