How To Spend Money to Buy Happiness

"If money doesn't make you happy, you're probably not spending it right."

In this episode of Journal Club, we explore nine principles pulled from scientific research papers that'll help us to get more from our money.

00:00 Intro
00:19 Spend money on experiences rather than on things
01:43 Spend money on friends
02:21 Spend money on health
04:24 Spend money on small things rather than big ones
05:20 Delay consumption whenever possible
06:56 Spend money to buy back your time
08:30 Spend money to remove salient negatives
09:53 Spend money on things that enable interesting activities
11:07 Spend money on charity

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[brianfracaro]

"Spend money to buy back your time" - To have freedom of my time has been the most important goal of my life. I'm glad to know I'm not the only one who values this!

[khalilahd.]

The first tip is truly all you need to know for elevating happiness levels through money. It’s so important to create experiences and memories. That’s what life is all about. 💛

[laneatkinson]

I can attest that these tips really do work!! I'm fresh out of college, still living with my parents, and working two jobs. Even though I don't make a lot of money, I can still use what I have to make my life better. For example, I recently saw that my FAVORITE artist was on tour and I immediately bought a ticket. I had never been to a concert before and I went alone, but it was one of the BEST days of my life! I've also invested a lot of money into my physical and mental health, I finally have health insurance from my job and I'm taking full advantage of it. I'm saving my future self money and pain (and possibly adding years to my lifespan) by taking care of myself now instead of waiting until later to deal with my health problems.

[CelCreates]

I had facial acne treatment for the first time after years of being embarrassed about my skin. It has improve after I consulted a doctor and taking treatment for my PCOS. Truly, money can buy happiness - or even confidence - if we know how to spend it.

[heynicolas]

About the last point. I really think doing stuff you don’t like in doses is important too. It gives you time to think and value other things more. It grounds you in a certain way.

[GreatBritishDoc]

This is a great discussion. My only critique would be the focus on happiness at the expense of classical "character building" can make us happier, but also weaker and meeker in character. Raising children for example, it's important they have chores for that reason. Modern societies focus on being individually happy isn't always healthy.

[Squintillions]

Yes on the cleaner! Got a cleaner when pregnant with my second son and she cleaned our place once every two weeks for 12 years. Also worked as a babysitter for us sometimes!

[sahithakarapitiya]

This is just what I spoke with my friend today. If you not spending your money on things you love and just save; that's also a wastage of money

[GrowthMindsetChannel]

"Wealth is the ability to fully experience life." ~ Henry David Thoreau 💪🏻🚀

[SahajTalwar]

What a brilliant video idea! Everyone wants to make more money. But it might be one of the most common sayings that "Money can't buy happiness."
Well, lets find a way to combine the two, and help people spend the money that they worked so hard to get, on the rarest commodity possible, happiness!

[PhillMac]

Mate, this is the best video you have ever made. So much VALUE in 12 minutes, absolutely fantastic. Much appreciated, keep it up Ali!

[shrajaldubey]

Thank you so much Ali for change in perception towards the money.

[neetuyoga]

Thanks for the great tips, Ali! I'd love to know if you've ever invested in yoga or meditation and if this has played a role in happiness for you personally. Thanks and keep the great videos coming! 😄

[mindofzyzz]

Thank you so much for this video! It was something I really needed instead of drowning out my emotions through work

[dabi_]

The slower delivery of this video is noticeably better than the Ultimate Productivity System video 👏 so it’s way way better. Nice one. This relaxed speaking style definitely suits you better dude.

[poulomichakraborty]

Oh my god I love that you're doing journal club on YouTube!!

[ivinitmittal]

Anticipation is like a drug!! Enjoy it many times more than the experience/thing itself!!👀💯

[raphaelthomas]

Hi Ali ! Here's a try for the poem about skillshare you asked for ! :)

Grandpa died yesterday
It’s 2 A.M And I’m full of emotion
I stare into the sky and universe
Asking me a lot of questions

Who will teach me life now
Who will reply to my « why? » and my « how to? »
I need a night out
Feeling high, strolling on the avenue

After a few steps
An idea pops in my head
Looking on internet
For a place where knowledge is shared

My heart was full of love
When I discovered skillshare
People from all over the world
Spreading their know how for the other

Knowledge is not worth anything on it’s own
It gains values by passing it on
So I think I found the treasure
A website with infinite ressource

I thought I was a dreamer
But if I follow Fatih I can become a drawer
If I listen to Zak I can be a filmmaker
And if I take inspiration of Ali, no doubt, I will be better

Providing so much courses, is it still fair ?
Personal development to kill scare
Aim for gold not for silver
It’s the success that you will flair

My grandpa can be reassured cause now I got skillshare

[viralex]

This is by far the most argued topic we all see things differently but this video has given a clear answer to the argument.

[rickiodious]

This is the kind of content that we should watch early in the morning 💜