22 of 23 people found the following review helpful
Maybe money can buy happiness afterall...,
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This review is from: Happy Money: The New Science of Smarter Spending (Kindle Edition)
But only if you spend that money in the right way. This is another well researched and evidence based, scientific look at the how we spend our money and why we so often spend on things that actually make us less happy. I like the authors admission at the end of the book that even though we know what science says it still isn't easy to overcome our natural instinct to spend for ourselves and in the moment.
Happy Money has lots of excellent examples and a is written with great humour. With US and UK co-authors the book caters well with examples form the UK, Europe and the US (rather than being more US biased which many business/ personal growth books tend to be). The authors are also clear we should start small, just changing the way we spend out pocket change can be enough, this realistic approach adds greatly to the chance that people can actually apply these ideas.
Happy Money builds on many of the ideas developed by positive psychology over the past few years and brings them bang up to date with the latest research and findings. The five specific ways to spend money are deceptively simple, counter intuitive and more difficult to master but the evidence is there following these ideas will make you happier.
My short summary of the 5 principles:
1. Buy Experiences. Spend money on experiences rather than more 'stuff you don't need'.
2. Make it a Treat. Ration the things you enjoy to make them back into an occasional treat.
3. Buy Time. Think about how any purchase or spending decision you make will change how you spend your time.
4. Pay Now, Consume Later. Reverse the current trend of buy now, pay later to enjoy what you do much more.
5. Invest in others. Think about how you spend your next £5, make others happier through acts of kindness and spending on them rather than yourself.
If more people read this book and applied just a few of the ideas I'm sure the world would be a kinder and happier place, for that reason this is a 5 star book and highly recommended. Thank you to Daniel Pink the author of Drive for the link to this book, if you enjoyed this book I'd highly recommend Drive too.