You're spending money the wrong way..

Money can buy happiness but only if you spend it the right way, today we will look at how you can be happier using your money.

Links from video
Ruuts work:

Pascal's work:

Michael Norton:

Elizabeth Dunn:

Kennon Sheldon & nSonja Lyubomirsky:

💵 The investment platforms I use:

Trading 212
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Timestamps:
00:00 - I'll be fine once I get it.
01:40 - Satisfaction
03:22 - Rats and happiness
05:35 - We just can't help ourselves
07:04 - The Daily Upside
08:02 - This will make you live longer
09:20 - The best way to do it
10:17 - Reverse Hedonic Adjustment
14:37 - The best way
16:15 - Outfit change.

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

[DamienTalksMoney]

Check out the daily upside here!


In keeping with the theme of this video I will be donated the fee I get from them to ‘Sean’s place’ it’s a charity local to me that does great work.

[jansher]

My advice - I’m a very happy 58yr old who will retire soon: 1. Build a balanced life career + friends + hobbies + sports + interests + family + children + marriage 2. Appreciate the free things nature has given us - sea, woods, trails, wildlife, air, rain, wind, body, senses, colours, 3. Save for rainy days/retirement 4. Stay fit & in shape, 5. Always leave toxic work environments/people

[grantross]

You should be so unbelievably proud of this video. Content, production, message. Thank you for putting this into the world.

[umarahabid]

This was such a good video with real practical advice as well as the more philosophical side of things. As a Muslim, charity is a huge part of my faith. In Islam, if you can't afford to give money away you're encouraged to view looking after your family as charity e.g feeding your loved ones. Even smiling at another person is classed as an act of charity. It doesn't cost anything to be kind!

[rosemaria]

Working as a care assistant has made me value the ability to walk around without needing assistance which seems so simple but it really is something to appreciate if you have that ability.

[Hali]

This video is so true. One thing I also recommend is learning to low-level enjoy the things you do every day like breakfast, shower, going to the loo, walking the dog, driving the car etc.

[DasJaegar]

"Rich people tell you money can't buy happiness, so you remain poor in your delusion", that's what my mentor told me.

[cotus]

Few years ago I had a horrible accident and spent a lot of time in the hospital. The only thing that helped me not to sink into a big black hole of misery was my loved ones and photos on my phone from all the wonderful times and experiences I had over the years. I’m glad I was always interested in this topic and really researched things like happiness, old age regrets etc very early in life. I think it really helped me not to put my attention in the wrong places. Became minimalist in my early 20, prioritized giving and making memories.

[charleedell]

My IVF daughter, the best 20k ever spent, by anyone, anywhere, ever ❤

[QoraxAudio]

Yes, I think money can buy happiness, because more money reduces the financial stress, improves the living standards and access to better healthcare.
I remember all too well when I was a student, I had a tooth that grew sideways and started to rot, but I had no money to get it removed.
For over a year I was dealing with the constant pain of that tooth slowly rotting away.
I didn't sleep well and got underweight by losing over 20 pounds because eating was painful.
When I finally had the money to get it out, it was such a relief; even when I think of it now, I remember how nice that was.
Finally almost no pain and being able to sleep much better.
However, while that was about 10 years ago, I still have pain in the jaw from time to time, because a nerve was permanently damaged as well.
I definitely learned a lot of it, most importantly that money actually does buy happiness and that people don't give a crap about suffering of others.

[alwAudio]

It's worth noting, in a time when giving money may feel challenging for many, that giving time can be every bit as rewarding. I started volunteering at a repair cafe and it's been so satisfying, I've met wonderful people who have become friends and the sense of joy I feel when we fix a visitors treasured item is lasting and satisfying. Use your skills to help others and be kind, I promise you will be rewarded for it.

[thesupergreenjudy]

As a Christian that doesn't come as a surprise. In our local congregation we help each other - sometimes just buying food for each other if someone is in a rough spot. Seeing the difference in that persons day makes all the difference. Giving makes happier than receiving. And if we do, it's likely going to be reciprocated when you yourself are struggling.

[AlisonWonderland]

I tend to realise in retrospect that I've been happy, but am often too wrapped up in things to notice at the time. Having a strong sense of purpose seems to be a key element.

[levifoster]

I've always gotten crap for focusing so much on the past, but where I am now I feel like my tendency to think about my past every single day is a blessing to my happiness. I have PTSD, and get stuck thinking about the traumas of my past and how horrific and miserable it was. But when I come back to reality, I look at my big house and my happy relationship and my disability support and how hard I've worked and how far I've come to build this peaceful life for myself after growing up miserable, and every day my appreciation for what I have is refreshed. I grew up impoverished and am now middle class, and that increase in income drastically improved my happiness, but since I'm often comparing it to where I started it doesn't really get old.

[benh]

This video is S tier. It’s the kind of life advice people used to get in Church. You are truly doing the Lord’s work. Bless you my son.

[loljockey]

I've been thinking about swapping a subscription like Netflix and replacing it with a monthly Direct Debit to charity. After watching this video, that's exactly what I'm gonna do. Perfect example of great writing, research and delivery. Amazing video, Damo - keep smashing it!

[withwilk]

In terms of consumerism though, I buy things through the lense of "is it useful, will it help me" so I might spend £500 on headphones, or £200 on hiking boots, but its not out of impulse, and they serve a person. Mindless consumerism to keep up with the Jones' is what you want to avoid. Consuming quality products that add value to your life is a useful endeavour, and also a byproducts of a consumerist society, we can't demonise everything.

[nicobass]

Thanks very much as this is an eye opener. Lost my dad last year and he was not a rich man but enjoyed helping others and this gave him a real buzz. I do similar - I grow loads of veg and fruit and just charge my costs, this gives people value for money and I really enjoy the helping people out . Again thanks for the insight and I think you are generally right, Cheers Nick

[rcrc]

It wasn't until I had a disk hernia that needed spinal surgery and almost cost me the ability to walk that I truly became grateful and happy just to be able to walk and move freely each day. Really interesting ideas in this video, thanks.

[padanfain]

When I bought my first car it was great. When I bought my 70 year old dad a car because I was doing OK in life it felt amazing, and it still does years later. Even watching this video and writing this comment reminded me of it. Thank you for paying a dividend Damien :-)