Classic Paper on that Topic: Dunn, Gilbert, Wilson - If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right https://scholar.harvard.edu/fi

Classic Paper on that Topic: Dunn, Gilbert, Wilson - 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 https://scholar.harvard.edu/files/danielgilbert/files/if-mon... TL;DR: 1. Buy experiences instead of things 2. Help others instead of yourself 3. Buy many small pleasures instead of a few big ones 4. Buy insurance that's worthwhile 5. Pay now and consume later 6. Think about what you're not thinking about 7. Follow the herd instead of your head (sometimes) 8. Beware of comparison shopping