2024-01-23 14:54:57 ET
Summary
- Money can buy happiness if spent on the elements of the good life like relationships, shared experiences, and health rather than material possessions.
- Research shows that spending money on others can also increase happiness.
- The key to using money to increase happiness is knowing how to prioritize and allocate it effectively.
- I discuss some investments from my own portfolio that combine yield and growth with the goal of eventually rendering the "optimal" income for happiness.
You have heard versions of the saying many times:
Money can't buy happiness.
Money can't buy me love.
The love of money is the root of many evils.
Alright, alright, we get it. Money isn't everything. But it isn't nothing either.
We all want more money, but we also all know in the back of our minds that money alone won't make us happy....
Read the full article on Seeking Alpha
For further details see:
How Much Money Do You Need To Buy Happiness? Let's Talk About It