Increasing your well-being
A growing body of research shows we can reliably raise our well-being.
Reframing the way we think about money and making financial decisions can lead to long-term gains in life satisfaction. Just having money doesn’t necessarily mean greater happiness, but using it well can.
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"There's no money in poetry, but then there's no poetry in money, either." ~ Robert Graves
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Subjective well-being = Genes + Circumstances + Habits
- Subjective well-being is preferred by social scientists instead of happiness because it's not so vague and subjective.
- Research shows there is a big genetic component in determining the baseline you always seem to return to after events sway your mood.
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Considering How Much is Enough
You don't have to be wealthy to achieve financial well-being. Research shows that beyond a modest point, more money has a limited effect on happiness.
- Once our basic needs are met, we can quickly get used to increased wealth. Our financial status may...
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