In his upbeat TEDx talk Dr. Michael Norton, a professor of business administration in the marketing unit at the Harvard Business School, reveals that spending money on others makes you happier than spending it on yourself! He and his staff conducted studies worldwide, and no matter the culture or economic bracket the results were the same . . .
. . . the amount of money doesn’t matter that much. So people thought that 20 dollars would be way better than five dollars. In fact, it doesn’t matter how much money you spent. What really matters is that you spent it on somebody else rather than on yourself. . . .
. . . What we see again though is that the specific way that you spend on other people isn’t nearly as important as the fact that you spend on other people in order to make yourself happy, which is really quite important. So you don’t have to do amazing things with your money to make yourself happy. You can do small, trivial things and yet still get these benefits from doing this.
Good news? You bet. You have the power to make your life richer and happier by sharing a little bit of what you have. Share and see what happens. Try not to worry about receiving a thank you, just share – with folks you know and folks you don’t.
To watch Norton’s TEDx Talk, click away!
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