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How To Spend Money to Buy Happiness

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"If money doesn't make you happy, you're probably not spending it right."

In this episode of Journal Club, we explore nine principles pulled from scientific research papers that'll help us to get more from our money.

00:00 Intro
00:19 Spend money on experiences rather than on things
01:43 Spend money on friends
02:21 Spend money on health
04:24 Spend money on small things rather than big ones
05:20 Delay consumption whenever possible
06:56 Spend money to buy back your time
08:30 Spend money to remove salient negatives
09:53 Spend money on things that enable interesting activities
11:07 Spend money on charity

MENTIONED IN THE VIDEO:
๐Ÿ‘“ Read the research paper for yourself: https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
๐ŸŽ™ Michael Norton's talk at TedX Cambridge: https://www.ted.com/talks/michael_norton_how_to_buy_happiness
"Giving Without Sacrifice?" from Andrea Mogensen: https://go.aliabdaal.com/givingwithoutsacrifice

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๐ŸŽ™ Deep Dive podcast - https://www.youtube.com/c/DeepDivewithAliAbdaal/
The podcast that delves into the minds of entrepreneurs, creators and other inspiring people to uncover the philosophies, strategies and tools that help us live happier, healthier and more productive lives. You can find it by searching โ€œDeep Diveโ€ on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).

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PS: Some of the links in this description are affiliate links that I get a kickback from ๐Ÿ˜œ

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By: Ali Abdaal
Title: How To Spend Money to Buy Happiness
Sourced From: www.youtube.com/watch?v=wsT2bBo4XT8


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