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Profitable Ideas: How Money Really CAN Buy Happiness, Raising a Minimalist, and More.

A weekly roundup of some of the best personal finance articles from around the web.

Here’s how money really can buy you happiness (Time). After decades of searching for a connection between money and happiness, here’s what’s been learned.

Buy it for life: Choosing quality over price (Get Rich Slowly). Spending a little more is often the most cost-effective choice.

No one is crazy (Collaborative Fund). A more compassionate view of those who buy lottery tickets, along with a look at our own decision-making biases.

How to raise a minimalist (Real Simple). It will require swimming against the strong current of our consumer culture, but our kids will benefit and so will we.

This simple hack can boost how much you save by more than 30% (Moneyish). It’s hard to envision the future, but it pays to try.

Three ways to become wealthy (Fervent Finance). One of them is well within your control.

Parents spend twice as much on adult children than they save for retirement (CNBC). This is what the authors of The Millionaire Next Door called economic outpatient care. It can be harmful to the giver and the recipient.

Bring gratitude first. A 30-day challenge (Becoming Minimalist). It’s the perfect month for cultivating such an enriching habit.

What are your thoughts on any of the above? Let me know by leaving a comment below.

Interested in more ideas and encouragement for using money well? If you haven’t done so already, why not sign up for a free subscription to this blog?

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2 Responses to Profitable Ideas: How Money Really CAN Buy Happiness, Raising a Minimalist, and More.

  1. hannah November 2, 2018 at 2:05 PM #

    Matt,
    Thanks for your consistent, quality work and gathering of articles here. I too am drawn to Minimalism and to raising my 3 boys responsibly. As the holidays approach, could I request resources for buying while avoiding “fast fashion”? Outside the holidays, that would be helpful. In trying to avoid “fast fashion”, I’ve not been buying much of anything except 2nd hand clothes for my kids…but my wardrobe is becoming quite worn out. Thanks for suggestions!

    • Matt Bell November 2, 2018 at 7:30 PM #

      Hannah – That’s a great topic! Let me see what I can put together.

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