How Can We Apply These Principles? - Deepstash

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How Can We Apply These Principles?

How Can We Apply These Principles?

• First, be aware that these principles aren’t mutually exclusive: apply as many of them as possible for the maximum boost to your happiness.

For example, if you treat a friend to a delicious cappuccino, you’re both giving a gift and spending on an experience – a happiness double-whammy

• Second, take a look at your expenses and see if you can reallocate some of your spending to happiness-increasing items.

• Third, start saving and investing money.

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MORE IDEAS FROM THE SAME BOOK

• The greatest pleasure we gain from a purchase lies in the anticipation of that purchase. Studies show that vacationers tend to be happier in the weeks before a trip than on the trip.

• When something is abundantly or easily available to us, we appreciate it less.

Spend less on material things such as cars and electronics and use your cash to have experiences, like attending an open-air concert or having dinner out.

Other people’s happiness is contagious: when we see the smile of someone to whom we’ve just given a gift, we too feel happy. This deepens our connection with that person.

• Having money can help you save time by outsourcing chores, for example, such as house cleaning to a service provider, so you don’t have to dust and mop yourself.

The key message in this book: How to spend money for happiness:

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