Summary of Happy Money
The Science of Happier Spending
From HAPPY MONEY by Elizabeth Dunn & Michael Norton. Copyright © 2013 by Elizabeth Dunn and Michael Norton. Reprinted by permission of Simon & Schuster, Inc., N.Y.
Money can buy happiness – but only if you spend it right.
Having money won’t make you happier – but spending it might. The right spending habits can produce measurable changes in your physical and emotional well-being. Elizabeth Dunn, an associate professor of psychology, and Michael Norton, an associate professor of marketing, distill their findings in this field into the five principles of “smart spending.” Among their tips: Don’t buy stuff; buy experiences. You’ll get more happiness out of a trip overseas or a visit to a museum because you’ll connect with other people and accumulate memories. This quick, breezy book balances anecdotes and corny jokes with a broad survey of current economic research. getAbstract recommends its tales and advice to those seeking insight into the psychology of spending – your own and your customers’.
In this summary, you will learn
- How your spending habits can affect your sense of well-being,
- How five spending principles will help you get the most happiness value for your money, and
- How businesses can use these principles to make their employees and customers happy.
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