Happy Money: The Science of Smarter Spending - Elizabeth Dunn, Michael Norton

Written by Elizabeth Dunn, Michael Norton
Format: MP3

Written by: Elizabeth Dunn, Michael Norton
Narrated by: B.J. Harrison
Length: 5 hrs and 29 mins

Format: Unabridged

Release Date:10-21-13
Publisher’s Summary

If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness - if you follow five core principles of smarter spending.

Happy Money offers a tour of new research on the science of spending. Most people recognize that they need professional advice on how to earn, save, and invest their money. When it comes to spending that money, most people just follow their intuitions. But scientific research shows that those intuitions are often wrong.

Happy Money explains why you can get more happiness for your money by following five principles, from choosing experiences over stuff to spending money on others. And the five principles can be used not only by individuals but by companies seeking to create happier employees and provide “happier products” to their customers. Elizabeth Dunn and Michael Norton show how companies from Google to Pepsi to Crate & Barrel have put these ideas into action.
4.0 out of 5 stars Not What I Expected, But I Like It., September 6, 2013

By

Mother of Two - See all my reviews

This review is from: Happy Money: The Science of Smarter Spending (Hardcover)
The title, “Happy Money: The Science of Smarter Spending”, gave me the impression that this was another book about clipping coupons and recycling cereal boxes. Cynically, I opened it up.

The first sentence of the prologue shattered that preconception immediately. This book aims squarely for the “money can’t buy happiness” idiom, with the idea that it can…if utilized properly.

Not in the usual ways, either. It’s not necessarily how much you spend, or saving tons of cash for a rainy day so you feel more secure about the future.

There are five principles that can lead to monetary happiness:

1. Buy Experiences
2. Make it a Treat
3. Buy Time
4. Pay Now, Consume Later
5. Invest in Others

“Buy Experiences” essentially means to spend money on memorable experiences instead of expensive toys, because you are able to relate to those experiences on an emotional level for much longer that with objects.4.0 out of 5 stars It’s up to you to make it stick, June 15, 2013

By

ZuluQueen - See all my reviews

This review is from: Happy Money: The Science of Smarter Spending (Hardcover)
So does “Happy Money” do what the exuberant book description claims?

Yes–but only if you actively implement the five principles it introduces.

Each chapter contains one principle, scientific research, anecdotes (some of which were very intriguing), and suggestions. The authors do a good job of explaining why each principle makes sense, and gives you some ideas on how to do it yourself.

And “Smart Money” is written in a conversational, mildly entertaining way. It reads like a fun magazine article, so it’s easily digestible. But it’s not just fluff; there are about 20 pages worth of notes in the back. However, it’s also peppered with too many cheesy jokes for my taste, and the authors frequently refer to themselves, though not necessarily in an egotistical way. (Sometimes they share anecdotes from their own lives, hence the references to “Mike” and “Liz.”)3.0 out of 5 stars Happy Money Review, August 18, 2013

By

A. Phaire - See all my reviews
(REAL NAME)

This review is from: Happy Money: The Science of Smarter Spending (Hardcover)
I had mixed feelings about ‘Happy Money’ after finishing it. First of all its a really easy read; I think almost anyone could read it and follow the logic. Despite it easy readability, I was a bit underwhelmed by the writing style. It reads more like a length college research paper, rather than a how-to guide book. Although, given that both the authors are college professors the writing style can’t be a huge surprise. If I think back upon how many times I felt annoyed by all the alliteration and the repeated use of the same phrase I might not be so inclined to recommend this book to others.

With that said, I do think that there is value in the five spending principals that are outlined in the book (perhaps extensively so). The concepts are not altogether foreign, but some of them do engage you to take a second and think about whether or not you’ve been applying this principal in your own life. Before reading this book, I thought I might get some validation as to how…

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