The Mind Money Spectrum Podcast

#3. Does money buy happiness? Sometimes yes, but not in the way you think.

December 31, 2019 Aaron Agte and Trishul Patel Season 1 Episode 3
The Mind Money Spectrum Podcast
#3. Does money buy happiness? Sometimes yes, but not in the way you think.
Chapters
The Mind Money Spectrum Podcast
#3. Does money buy happiness? Sometimes yes, but not in the way you think.
Dec 31, 2019 Season 1 Episode 3
Aaron Agte and Trishul Patel

In this episode, Aaron and Trishul explore the adage "money doesn't buy happiness" because academic research indicates that sometimes it does, but not in the way you think. We discuss short-term gratification versus long-term well-being. We explain what amputees, lottery winners, and marshmallows have in common. Wealth in itself may not impact happiness, but how it is earned and how it is used, contribute greatly to one's satisfaction in life. Listen all the way through so you can understand which financial decisions can improve your happiness and which decisions can sabotage your own well-being.

Episode References

High Income Improves Evaluation Of Life But Not Emotional Well-Being
Happy Money: The Science of Happier Spending
World Happiness Report
GDP By Country
Investing Forever - My Story
The Amount and Source of Millionaires’ Wealth (Moderately) Predict Their Happiness
Gross National Happiness
Lottery Winner Statistics
Why Athletes Go Broke
Stanford Marshmellow Experiment
U.S. Medical Debt Statistics
Four Domains of Well-Being
Investing Forever: Don't Hold Your Breath

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

In this episode, Aaron and Trishul explore the adage "money doesn't buy happiness" because academic research indicates that sometimes it does, but not in the way you think. We discuss short-term gratification versus long-term well-being. We explain what amputees, lottery winners, and marshmallows have in common. Wealth in itself may not impact happiness, but how it is earned and how it is used, contribute greatly to one's satisfaction in life. Listen all the way through so you can understand which financial decisions can improve your happiness and which decisions can sabotage your own well-being.

Episode References

High Income Improves Evaluation Of Life But Not Emotional Well-Being
Happy Money: The Science of Happier Spending
World Happiness Report
GDP By Country
Investing Forever - My Story
The Amount and Source of Millionaires’ Wealth (Moderately) Predict Their Happiness
Gross National Happiness
Lottery Winner Statistics
Why Athletes Go Broke
Stanford Marshmellow Experiment
U.S. Medical Debt Statistics
Four Domains of Well-Being
Investing Forever: Don't Hold Your Breath

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.