Pay Now, Consume Later

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Some of the ideas are intuitive, like paying now and consuming later. But some were counter intudive to what i personally thought would make me unhappy. We can't pay for everything ahead of time, cause we're all not trillionaires. So when you can, the ideais im to do a little bit of that. The consumed later thing is exactly related to that, which is, don't consume everything right now. And we're really bad at waiting for anything. Everything now is structured to come to us right away. Which is great but its crazy, that's the world.

Can money really buy happiness? Michael Norton is a social science researcher who studies how we feel about our spending decisions. His work explores questions like: What’s the best way to spend your cash? How much should you donate to charity? Do credit cards make us unhappy? In this episode, Michael shares the sometimes-surprising findings that can help you use our money to improve your life. Michael is a professor of business administration in the marketing unit at the Harvard Business School. Prior to joining HBS, Michael was a Fellow at the MIT Media Lab and MIT’s Sloan School of Management. His work has been published in a number of leading academic journals and has been covered in media outlets such as the Economist, the Financial Times, the New York Times, the Wall Street Journal, and the Washington Post. To learn more about "How to Be a Better Human," host Chris Duffy, or find footnotes and additional resources, please visit: go.ted.com/betterhuman