Ep 425: Does More Money = More Happiness?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 29 May 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to the 2024 World Happiness Survey, we’re pretty unhappy as a country this year. And although there are plenty of external reasons for us to be unhappy — sky-high costs at the grocery store, mortgage rates hovering around 7%, and credit card debt soaring – we’re all about controlling what we can control and that includes prioritizing our well-being over all else (no summertime sadness here). Stephanie Harrison, author of: “New Happy: Getting Happiness Right In a World That’s Got It Wrong,” feels that way too, so much so that she spent 10 years diving into the world of happiness research. Listen in to hear why the “Old Happy” is making us all miserable and why she believes the “New Happy” should be the framework we’re building our lives around instead. Chapters: 00:00:00: Introduction 00:02:58: The Concept of "New Happy" vs. "Old Happy" 00:07:11: The Role of Money in Happiness 00:12:08: Social Media's Impact on Happiness 00:19:39: Tactical Solutions for Creating a Happier Life 00:23:11: Finding a Job that Aligns with Your Gifts 00:25:44: Daily Shifts to Increase Happiness 00:27:30: Mailbag Segment Takeaways: The Old Happy tells us we need to achieve more, be perfect, and be hyper-independent. These expectations are unrealistic and make us miserable. The New Happy involves discovering who you are and using your gifts to help others. This leads to personal growth, fulfillment, and creating happiness for others. Money is necessary to fulfill our needs and create experiences of well-being, but the pursuit of more and more money does not lead to proportionate increases in happiness. To find intrinsic goals that make you happier, consider safety, community, relationships, passions and interests, and personal growth. Daily shifts to make yourself and others happier include looking for opportunities to help, recognizing the support you receive, and paying attention to people who are doing good in the world. More money news when you need it! Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:09.0	When you think about retirement, do you have a strategy to help your money last as long as you do?
0:15.0	That is the biggest fear by far for women.
0:18.0	To help make sure you're ready for the future, schedule your complementary wealth checkup at Plan E.F.com slash Hurry. Schedule your
0:27.0	complimentary wealth checkup at plan EFE.com slash Her Money.
0:29.0	Hey everyone, I'm Jean Chatsky.
0:31.0	Thanks so much for joining me today on her money where we talk about how personal
0:35.8	finance and money touches everything in our lives.
0:39.8	So the last time we did a happiness check in, we were just beginning the new year.
0:44.8	We were starting out fresh, taking the time to make goals, but not necessarily resolutions
0:51.3	because we have learned that those don't typically work out and hopefully we've been able to stick with at least some of them
0:59.5	Since July 1st is the official midway point for 2024. We thought it was a really nice time to do another
1:07.5	check in, a mid-year happiness check, if you will. This is just a really good time to look at what you wanted to
1:14.4	accomplish this year financially and otherwise how you're doing when it comes to
1:20.6	meeting those goals and if one of your goals was to be more present, more happy
1:26.9	overall I am right there with you because I know it's not just me thinking that things feel pretty heavy right now.
1:34.5	According to the 2024 World Happiness Survey,
1:38.6	we're pretty unhappy as a country this year.
1:42.0	For the first time since they started taking this survey,
1:45.0	the United States has dropped out of the 20 happiest countries.
1:50.0	We came in at number 23,
	...

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