Spending money on other people will make you happier than spending money on yourself. Isn’t that interesting? I was reading an article put out by the University of British Columbia, and Harvard Business school. And they did a study and found out that spending money can make you happy, if you spend it on other people.
I was reading another study that said that spending money can make you happy if you spend money on things that are experiential. So rather than buying that big car, you keep the same car that you have, and you spend your money on little experiences that will make you happy in that moment. Buy little tiny experiences, but tons of them. Focusing on the experience of life, rather than focusing on acquisition, status, and getting somewhere.
So I began to experiment with this myself because I am someone who practices a technique for internal harmony and happiness. Those are the things that I teach, the skills and ideas to be happy, no matter what. You could be in jail and be happy. But I was also saying, “Hmm, well, maybe there’s something to this. Let’s practice something outside to see what it does.”
So I started just focusing on taking my kids to the store, to the park, going out on bike rides, riding skateboards. I used to go to concerts and buy the best possible tickets. But to do that, I could only go to one or two concerts a year because of the high price.So I decided, I’m going to stop doing that, and instead, I’m going to go to a bunch of concerts, but I’m going to spend very little on those, and see what happens. And I noticed that, immediately. I was experiencing more happiness in those moments.
There was this constant flow of excitement. It was all these little, tiny things to look forward to that have a positive impact on my happiness. But you know what doubled it? You know what made it even better?
Getting to share it with other people, and buying these lesser-priced tickets for other people as well to come with me so that I could share the experiences. Giving tickets to them as a gift was an even greater gift to me, seeing them experience the positivity of these events was a greater gift to me.