5 Ways Money Really Can Buy Happiness

4 3 minutes read

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Can you put a price on happiness?

In 2010, Princeton University research suggested that people’s day-to-day happiness tops out when they make $75,000.

More recent research, however, indicates that there is no dollar value at which having more money doesn’t contribute to well-being. So, money can buy happiness. Especially if you use it well. Because the happiness you derive from money depends completely on what you spend it on.

In this podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today’s special guest is Jason Vitug, a former bank executive and financial wellness expert. His forthcoming book, “Happy Money Happy Life,” is due in early 2023.

Remember, even though we sometimes talk about specific investments on this show, don’t take them as recommendations because they’re not. Before investing in anything or making any money moves, do your research and make your own decisions.

You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:

Don’t forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.

The connection between money and happiness

Believe it or not, there’s a connection between money and happiness. Our guest, Jason, shares some realities behind what it means to be happy—and how it connects to our overall wellness. We also have a number of resources on Money Talks News about money and happiness:

How to be happier with your money

We talk about how you can be happier with your money by taking a few steps to change your approach.

Meet this week’s guest, Jason Vitug

Jason Vitug is an award-winning creator, author, speaker, entrepreneur and producer. He is the founder of the personal finance website phroogal.com, creator of the Road to Financial Wellness and champion of #theSmileLifestyle, a community devoted to experiential and purposeful living.

Jason is the author of the bestselling and New York Times-reviewed book “You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life.” His TEDx about breaking the money taboo is one of the most-viewed talks on money.

In his previous life, Jason was a nationally recognized credit union executive championing financial wellness. He currently works with Fortune 500 companies, credit unions, community banks and fintech startups on wellness initiatives.

Jason received his bachelor’s at Rutgers University and MBA at Norwich University. He’s an avid traveler, having been in all U.S. states, explored 45 countries and stepped foot on five continents. He is also a certified yoga teacher and breathwork specialist.

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

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4 3 minutes read