Next Peak Podcast

Maybe Money Can Buy Happiness

September 28, 2021 Season 3 Episode 74
Next Peak Podcast
Maybe Money Can Buy Happiness
Show Notes

We've all heard the expression— "money can't buy happiness." That may not be entirely true. Psychological science suggests that how we spend can significantly impact how happy we are with our lives.

Research shows that spending your money in specific ways is much more likely to improve your level of happiness and life satisfaction. Today, we will learn what those things are.

  1. Purchase experiences, not things. 
  2. Spend your money on others. 
  3. Align your spending with your values. 
  4. Schedule things to look forward to. 
  5. Live within your means. 
  6. Buyback time with your money. 
  7. Invest in yourself. 
  8. Get rid of stuff and make more room for what truly matters.
  9. Remember, oftentimes the best things in life are free.

Action Items:

  • Take 15 minutes this week to identify one area you want to change above. Then experiment with a new way of spending right away. Write down what you experience.
  • Use this list at your next family budget meeting to see how your spending habits line up!

Suggested Resources:

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