The Meb Faber Show - Better Investing cover image

The Meb Faber Show - Better Investing

Jonathan Clements - "If Money Can Buy Happiness, Then Why Doesn't It?" "Because People Don't Spend It Right." | #19

Sep 9, 2016
Jonathan Clements, an expert in money and happiness, discusses the link between income and well-being, advocating for experiences over material possessions. He highlights common investment mistakes and offers a three-pronged solution. The conversation extends to retirement planning, delaying Social Security benefits, and balancing career choices for financial stability and happiness.
51:52

Podcast summary created with Snipd AI

Quick takeaways

  • Spending money on experiences with loved ones boosts happiness more than spending on material possessions.
  • Successful investing requires aligning financial goals, diversifying globally, and managing risks effectively for long-term stability.

Deep dives

Research on Money and Happiness

Research highlights the complex relationship between money and happiness, revealing that increased income does not always equate to increased happiness. Studies like the Eastland Paradox showcase how rising living standards do not significantly impact reported levels of happiness. Insights point towards the messiness of the connection between money and happiness, challenging conventional beliefs.

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