Four ways to buy happiness

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As much as we like to romanticize poverty, there's no denying that money is important. Many of life's pleasures and necessities, like having free time to spend with loved ones and obtaining good quality health care, require sufficient finances. But research suggests that the relationship between money and happiness is much smaller than one might expect. In a recent review article, Elizabeth Dunn, Daniel Gilbert, and Timothy Wilson argue that the main reason that money does not buy as much happiness as it should is because we don't spend it wisely. It's not that we're throwing it around thoughtlessly, but rather that we're not very good at predicting what will make us happy. That fancy new car might seem amazing in our fantasies, but in the end it's just a car, and we'll get used to it. The authors propose a number of strategies, backed by research, that can help people buy more happiness. Whether you have a lot of money or a little, these principles apply. Here are my four favorites.

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