Investing in Happiness

Money has the unique ability to move economic value through time; money made from work done today can be used to fund spending in the future. Time and money are both finite resources that we have to make allocation decisions about on a daily basis. There is no objectively optimal way to allocate time and money, but I am going to argue that for human investors these decisions should be anchored in the objective of living a happy life, so we need to know where happiness comes from.

0:00 How much is enough?
1:03 What is Happiness?
4:04 PERMA and Well-Being
6:22 Time, money, and happiness
9:48 Spending money for happiness
11:42 The Four Cs
13:13 Setting anti-goals and the Five Factors of Well-Being

Sources in order of mention

Functional imaging of neural responses to expectancy and experience of monetary gains and losses
The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom
Positive Psychology: The Science of Well-Being
PERMA™ Theory of Well-Being
Thinking Fast and Slow
Happiness, income satiation and turning points around the world
Time Smart
If Money Doesn’t Make You Happy Then You Probably Aren’t Spending It Right
The Geometry of Wealth
The End of History Illusion

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