Money and Happiness

StrategicPlan

Money and Happiness

Does more wealth lead to more happiness? Researchers have tackled this question for decades, and although the results have differed, one fact is certain: The relationship between money and happiness -- or "well-being," as many researchers put it -- is complicated.

In their book, Happy Money: The Science of Smarter Spending, Professors Elizabeth Dunn and Michael Norton summarize their own and others' research. What they found is that it's not necessarily how much you make that matters to overall happiness (although that certainly contributes), but what you do with your money. They boiled down the findings to five "key principles of happy money."

Source:
http://www.forefieldkt.com/kt/HtmlNL.aspx?type=nl&id=460543&mid=217322&pn=0&iplf=td&ciid=1295639&emailid=086158d4-e3c4-4b33-86ee-012d761c6ee7

Vision

More happiness

Mission

To help people spend smarter

Values

Happiness

While some experts differ on whether higher incomes result in greater levels of happiness, they tend to agree on the following: Increasing debt levels are detrimental to happiness, and keeping up with the Joneses can lead to a general sense of dissatisfaction. Instead, actively managing debt while finding ways to appreciate what you already have on a day-to-day basis may help you make well-thought-out saving and spending choices that support your overall level of well-being.

Appreciation

Abundance is the enemy of appreciation.

Goals

Goal 1: Experiences

Invest in memories.

Goal 2: Treats

Spread experiences out.

Goal 3: Time

Free up time to participate in activities you enjoy.

Goal 4: Payment & Consumption

Pay for treats and experiences up front.

Goal 5: Investment

Spend money on others.