Book Review: "Happy Money"

What's my rating for "Happy Money"*?

I gave the book a 5 out of 5 Rockstar rating.

I loved, loved, loved this book. The content focuses not so much on making more money but on spending what we do make more wisely. What’s wise? Maximizing how much happiness we get out of every dollar.

Greater material affluence may fail to yield more happiness in part because of the diminished time affluence it often brings.
— Elizabeth Dunn & Michael Norton, "Happy Money", p. 57.

The book gets straight to the point, providing compelling evidence for us to alter how we spend our money and our time to make the most of both of these valuable and finite resources. And what is the ultimate scorecard on how wisely we spend our money and time if not how content it makes us, both now and in the future?

According to the authors, there are five key principles when it comes to how we should be spending our money. We can maximize our return on investment by:

  1. Buying experiences
  2. Making a point of treating ourselves
  3. Buying time
  4. Paying ahead of consumption
  5. Investing in others

To find out more about the book and my thoughts about it, read my full review here and/or watch a video summary:

*The book links in this post are to the Canadian version. There's also a US edition.

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