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Episode 3550:
More money can improve life if used wisely. Michael Laurence explores why higher incomes don’t always lead to greater happiness, often due to stressful jobs, debt, and societal pressures. True financial well-being comes from spending in ways that create freedom, security, and genuine joy, rather than simply keeping up with the Joneses.
Read along with the original article(s) here: https://www.getrichslowly.org/more-money-less-happiness/
Quotes to ponder:
"Money, in short, is neutral. It’s a tool that can make you happier, or less happy, depending on how you choose to spend it."
"Instead of using the extra income to buy freedom and peace of mind, which would make them happier, they incur more debt, which makes them more anxious than ever."
"Living on somebody else’s terms, living somebody else’s life, is not a recipe for happiness, and if you do it, extra money won’t make you any happier."
Episode references:
Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766
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