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Can money buy happiness? It’s easy to get trapped in a cycle of working more and more hours, chasing more and more money, in the hopes of getting happier. But after a certain point, despite our hard-wired belief to the contrary, more money doesn’t bring more happiness. In this episode, Arthur and Ceci discuss the sometimes complicated relationship between money, happiness, and satisfaction. They also share how, at any income level, with a little knowledge and practice, we can actually use money to buy a little more happiness.
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Happiness Survey: I’d love to hear from you about your thoughts on happiness and current practices to improve your well-being. If you can spare five minutes, I’d appreciate your participation in a short survey to help guide my future happiness work. To get started, go to arthurbrooks.com/art-of-happiness/ and click on the survey link. Thank you!
References and further reading:
How to Buy Happiness | Arthur Brooks
High income improves evaluation of life but not emotional well-being | Daniel Kahneman, Angus Deaton
Experienced well-being rises with income, even above $75,000 per year |Matthew A. Killingsworth
Time Smart: How to Reclaim Your Time and Live a Happier Life | Ashley Whillans
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I first caught Brooks at the Ricochet podcast convention in Washington several years ago. He did the Keynote address to the attendees on how to have disagreements with people. He then started a podcast where he elaborated on that theme. Having seen him address the Ricochet audience I eagerly consumed the entire podcast. I thought to myself “finally here’s a template for how we can talk to each other beyond our political differences”. And then we had the Brett Kavanaugh nomination. In all its ugliness. And my naïveté melted like a snowflake on a hot July afternoon. It became obvious to me that no one was interested in conversation. It was all about warfare and winning at any cost regardless of collateral damage. While I agree with almost everything that Brooks said in his first podcast series I think the practical nature of applying it is rather limited in the current environment.