3 Things to Do With Your Money for Greater Life Satisfaction

Science says money can make you happier.

Haris Mohammad
Nov 21 · 5 min read
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Photo — Simon Maage /Unsplash

The Cost of Value-Seeking

Most of us carry a scarcity mindset when it comes to money. It’s just the story we tell ourselves. We believe that money is limited and hard to earn. And so one must hold on to it very tightly.

Buy Experiences

If you want to be happier, a much better choice, as found by several studies, is to focus on buying experiences. Experiences differ from the stuff we purchase in many ways.

Spend on Others

It may come as a surprise but spending money on others makes us happier than keeping it for ourselves.

  1. Make it a habit to give thoughtful presents to those you value. It will not only make you and the recipients happy but also make the relationship stronger. And again, you might want to opt for experiential gifts like tickets to an event they would enjoy or a box of rare and tasty cookies.

Have Some Idle Money

To protect your money from the effects of inflation, it’s wise to invest your savings into assets that grow in value over time.

In a Nutshell

People work hard for their money. And it would be a shame if that money didn’t make them happy.

  1. Spend on treats and presents for your friends and family. And give to charitable causes that you feel strongly about.
  2. Have some savings in your bank accounts.

The Ascent

A community of storytellers documenting the journey to happiness and fulfillment.

Haris Mohammad

Written by

Coach, Trader & Engineer. I write about personal growth, money, and business.

The Ascent

A community of storytellers documenting the journey to happiness & fulfillment. Join 138,000+ others making the climb on one of the fastest-growing pubs on Medium.

Haris Mohammad

Written by

Coach, Trader & Engineer. I write about personal growth, money, and business.

The Ascent

A community of storytellers documenting the journey to happiness & fulfillment. Join 138,000+ others making the climb on one of the fastest-growing pubs on Medium.

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