Sunday, May 24, 2015

Invest in Memories

I'm adding this to my booklist:
Happy Money: The Science of Smarter Spending by Elizabeth Dun and Michael Norton

"Explains why you can get more happiness for your money by following five principles, from choosing experiences over stuff to spending money on others. And the five principles can be used not only by individuals but by companies seeking to create happier employees and provide 'happier products' to their customers"--Dust jacket flap

Classic economic theory implies that more money will make people happy, but in fact this isn't true. People who earn $55K are not twice as happy as those who earn $25K, only 9 percent happier. And above $75K in income, more money has no impact on happiness at all.

Only leisure activity - trips, movies, sporting events - made a measurable difference to Americans over age 50. 

So enjoy your vacation, and have a Happy Memorial Day!

Happy Investing!

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