Mike Norton – Happy Spending

Mike Norton (Harvard Business School) delivered his lecture on the science behind happiness and money. Money does not buy happiness: research shows that after people hit a certain amount of income (some estimates say around $75,000 a year), the next few thousand bucks really does not affect their day to day happiness all that much. What Mike suggests is that people should stop asking themselves “Do I have enough money to be happy?” but rather “Am I using the money I have now in the best way to wring the most happiness from every dollar?”

Before clicking the play button, ask yourself the following two questions:

  • If I have $ 20 to spend, how should I spend it to feel happier?
  • What’s the last thing I purchased that made me happier?

 

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