- Hardcover: 224 pages
- Publisher: Simon & Schuster (May 14, 2013)
- Language: English
- ISBN-10: 1451665067
- ISBN-13: 978-1451665062
- Product Dimensions: 5.5 x 0.9 x 8.4 inches
- Shipping Weight: 11.4 ounces (View shipping rates and policies)
- Average Customer Review: 151 customer reviews
- Amazon Best Sellers Rank: #274,595 in Books (See Top 100 in Books)
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Happy Money: The Science of Smarter Spending Hardcover – May 14, 2013
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"If you think money doesn't buy happiness, then you're just not spending it right. In this lively and engaging book, Dunn and Norton use the latest scientific research to show how you can get a bigger emotional bang for your hard-earned bucks. HAPPY MONEY isn't a purchase; it's an investment—and a shrewd one at that." (Dan Gilbert, author of Stumbling on Happiness)
“No one understands how to get more happiness out of our money better than Liz Dunn and Mike Norton. Their research is not only on the cutting edge — it changes where the edge is. Like stand-up comedians of science, Dunn and Norton take ordinary observations that everybody experiences and craftily distill them with a clarity that makes us laugh, and then makes us think. They have done us a great service by sharing their knowledge with us in the easy-to-apply principles they present in this book.” (Dan Ariely, author of Predictably Irrational)
“How to spend smarter? Read this book!—a rare combination of informed science writing, rollicking good fun, and practical pointers for a more flourishing and compassionate life.” (David G. Myers, author, The Pursuit of Happiness)
"Many books have been written to tell you how to make money, save money, and invest money. Now there's a book that can tell you how to spend it. Wisely." (Chip Heath, co-author of Decisive: How to Make Better Decisions in Life and Work)
" ...wise and entertaining... moves beyond whether money makes you happy to how and what spending and lifestyle choices affect your well-being. Dunn and Norton provide practical and well-evidenced insights for all of us, from individuals, to communties, to governments." (David Halpern, Behavioural Insight Team, No10, and author of The Hidden Wealth of Nations.)
"University of British Columbia psychology professor Dunn and Harvard Business School marketing professor Norton, friends from graduate school, offer a witty, lively guide to changing the philosophy behind spending so that it brings you true joy.... Readers cannot help but be charmed by this funny, warm guide to creating the good life from scratch." (Publishers Weekly)
"This small, snappily written book is focused on five points, all directed at enabling people to get more bang for their bucks... Buy [this] book, read [it], take the advice [it] offer[s] to heart, and you’ll be a happier person." (Barry Schwartz Los Angeles Review of Books)
“Each of Dunn and Norton's five principles offers a scientifically validated means of increasing happiness. Like asking a surgical expert to perform your heart transplant, following their principles might be better than just winging it. And luckily, spending money is a lot easier and much less messy than major surgery.” (Guy Kawasaki LinkedIn.com)
"Packed with tips...people will come away from this book believing it was money well spent" (The Economist)
“Dunn and Norton strive to show how to spend money in less typical but more pleasing ways. They offer five principles you can use to buy happiness…. I love the five principles of happy money because they aren’t about getting more money but getting more out of the money you have.” (Michelle Singletary The Washington Post)
About the Author
Elizabeth Dunn is an associate professor of psychology at the University of British Columbia in Vancouver, Canada. At age twenty-six, she was featured as one of the “rising stars” across all of academia by the Chronicle of Higher Education.
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* Principles are good. Worth reading, or skimming, main points
* Never felt substantial enough for a book. Long article.
* Some cases used are not convincing. Needs more support, even though I agreed with principles
* Tone seemed off, authors reference themselves too many times. Just seemed out of place.
* Last chapter advocated too much government intervention
Overall, some good principles. I would look for a summary or article by the authors and read that, you will save some time and get 95% of what there is here.
I ordered it and read it. My takeaway is that I never consciously related happiness with spending money besides the obvious material things. The five principles of happy money are :1. buy experience vs. materials (buyer remorse occurs with materials rarely with experience) 2. buy time (don't spend 4 hours in a layover to save a hundred bucks) spend money so you could have more time to do things you enjoyed. 3. Make it a treat(if you have latte every day is no longer a treat but if you have it only Tuesday, that changes)4. pay now , consume later( it means buy things that you experience positive expectations I.e. Vacation, also called the French term Se Rejouir getting pleasure now from something that will happen in the future or also called the drooling factor. And 5. invest in others, pay it forward, studies after studies show giving makes you happier then always spending on yourself.
"Happy Money" features insights on how to get the most from a product not based an item's price tag, but by its psychological value. For instance, ditch the BMW and go for a trip to Bora Bora. Because novelty creates more pleasure than repetition, make things a treat like dinner outings. While many of these pointers seem like common sense, they're also deceptively profound--if everyone adopted these tactics, we'd be living in a much more sustainable, value-driven society. The point on investing in others is particularly crucial: the authors point out that one of the most gratifying uses of money is improving the well-being of others. Some authors expound upon this subject beautifully (Lynn Twist's "The Soul of Money" is one such book), but it's wonderful seeing Elizabeth Dunn and Michael Norton mentioning these points in a more matter-of-fact way.
I highly recommend this book to people of ALL income levels. Those who work hard to stretch a dollar will be given great advice on how to "feel" rich even if the bank balance indicates otherwise. Those with resources can learn how to have a wealthy spirit, as it's clear that this does not always coincide with being financially well-off.
Though written by two accomplished academics, it contains no jargon but plenty of humorous self-deprecation. It's an easy read.
My only complaint was thinking I had 40 percent left of the book, only for it to be the "reference" portion. Of course, I should've expected nothing less given the extensive use of scientific studies to back assertions.
One of my favorite books of the year, for sure.
Most recent customer reviews
The book, Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton, summarizes current research on how you spend money changes how happy...Read more