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The Psychology of Money

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The Psychology of Money

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Quantifying happiness

Happiness has always been difficult to quantify because it is subjective, depending on if you have a short- or a long-term outlook on life. Recently, researchers have started to distinguish between two types of happiness: 

  • Hedonic happiness that provides a mental high;
  • Eudaimonic happiness, a sense of well-being which involves a life well-lived.

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The staples of happiness

People will always be happy when they see their children prosper when they feel loved, secure, and well-fed.

But, this formula for happiness is so obvious that most people dismiss it. They would rather look for a secret ingredient. The answer is that there is no secret.

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Struggling to connect in a overly connected world

Struggling to connect in a overly connected world

We live in an increasingly networked society online, but we struggle to connect with our relations around the dinner table. We sacrifice conversations close to us for a mere connection online.

The result is that we drive ourselves toward a lonely future.

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Human nature is more than biology

The level of happiness is part of our genetic makeup - we have a set level and cannot rise above or fall below it.

Some scientists envision the day that we can manipulate our happiness genes with precise nanoscale technologies. These mood bots will travel inside us to a part of the brain...

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We are wired for personal connections

The quality of people's relationships is more important than we imagine.

Material success and psychological feelings of well-being are linked to good relationships. So is physical health.

Close relationships and connections keep you happy and healthy.

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Technologies and human relationships

Research has found that people who use different mediums, like talking on the phone, emailing each other and also seeing each other, tend to have stronger relationships with one another.

Even though technology might become more and more invasive, the reality is that the source of happine...

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The importance of quality relationships

The most compelling evidence on the importance of relationships comes from a long term study that started in 1938. Selected college sophomores who seemed to be destined for success, were followed.

In 1967 the files were merged with the Glueck Study that followed a group of poor, non-delinq...

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holdenioo

How we talk to each other determines a big part of how we live.

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Happiness

Happiness is when a person feels satisfaction, contentment, and elation in their life. It is a fulfilling feeling to have despite it having varying definitions.

The term is generally used to explain one's present moment or how they feel about their life in a broad sense. P...

Money: Happiness Vs Misery

  • Happiness is a really difficult topic to study, because it’s subjective, unstable, and intangible.
  • Affluence has a certain impact on our well-being when it comes to satisfying our basic needs and standard of living, but in general, research...

Routines and Discipline

Go to sleep early. Having a sense of discipline in our life patterns and routines provides us with a sense of happiness, even if it means depriving ourselves of certain pleasures in the short-term.

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