Investing in Happiness

Money has the unique ability to move economic value through time; money made from work done today can be used to fund spending in the future. Time and money are both finite resources that we have to make allocation decisions about on a daily basis. There is no objectively optimal way to allocate time and money, but I am going to argue that for human investors these decisions should be anchored in the objective of living a happy life, so we need to know where happiness comes from.

Timestamps:
0:00 How much is enough?
1:03 What is Happiness?
4:04 PERMA and Well-Being
6:22 Time, money, and happiness
9:48 Spending money for happiness
11:42 The Four Cs
13:13 Setting anti-goals and the Five Factors of Well-Being

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Sources in order of mention

Functional imaging of neural responses to expectancy and experience of monetary gains and losses https://pubmed.ncbi.nlm.nih.gov/11395019/
The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom https://www.happinesshypothesis.com/
Positive Psychology: The Science of Well-Being https://uk.sagepub.com/en-gb/eur/positive-psychology/book243503
PERMA™ Theory of Well-Being https://ppc.sas.upenn.edu/learn-more/perma-theory-well-being-and-perma-workshops
Thinking Fast and Slow https://us.macmillan.com/books/9780374533557
Happiness, income satiation and turning points around the world https://www.nature.com/articles/s41562-017-0277-0
Time Smart https://www.awhillans.com/new-book-ndash-time-smart.html
If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
The Geometry of Wealth https://www.harriman-house.com/geometry-of-wealth
The End of History Illusion https://science.sciencemag.org/content/339/6115/96

Rational Reminder Podcast episodes mentioned:
https://rationalreminder.ca/podcast/102
https://rationalreminder.ca/podcast/143
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Видео Investing in Happiness канала Ben Felix