Five Ways to Ensure Your Money is Bringing You Happiness

cheerful man in park

Money makes us happy, doesn’t it? Well, not necessarily. Money and happiness researcher Elizabeth Dunn says there are five key principles to live by if you want to derive maximum happiness from your money. In her book Happy Money: The Science of Smarter Spending, co-authored with Michael Norton, Dunn says there are five keys to money happiness:

  1. Buy Experiences
  2. Make it a Treat
  3. Buy Time
  4. Pay Now, Consume Later
  5. Invest in Others

Dunn doesn’t try to convince you to spend less, just to make sure you’re getting the most intrinsic happiness possible from your spending. Let’s delve deeper into each of her five principles.

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WellAcre Global Wealth Advisors is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where WellAcre Global Wealth Advisors and its representatives are properly licensed or exempt from licensure.  This website is solely for informational purposes.  Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WellAcre Global Wealth Advisors unless a client service agreement is in place.