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Short Summary

Short Summary

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

1. Buy Experiences

2. Make it a Treat

3. Buy Time

4. Pay Now, Consume Later

5. Invest in Others

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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.

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

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