As I scrolled through my favourite writers on LinkedIn today, Noami Simson’s post on the Five strategies on Money and Happiness caught my eye.
Her post was based on the book: Happy Money: The Science of Smarter Spending. Catchy title!
Quoting from Naomi and the book the 5 main points of the book:
(1) “Time Affluence” – if money can buy time, make sure that you use your time to do the things you like and things that promote your well-being e.g. being with friends/family, volunteering, and hiking in nature.
(2) Make it a treat – “Abundance is the enemy of appreciation.” “Have delightful things occasionally to really appreciate them.” [Think about having caviar everyday – not good!]
(3) Bigger is not always better – e.g. buying a bigger house does not make you happier if there is no one to share with you. “People who spend their money on enhancing their leisure activities report significantly greater satisfaction with their lives.”
(4) Do more have less – “The research shows experiences provide more happiness than material goods in part because experiences are more likely to make us feel connected to others.”
(5) Invest in others – “Volunteer, help, listen, assist, give, donate… and make friends.” If you have a good friend at work, it makes work much more fun, doesn’t it?