Money can buy you happiness…

…but not in the way you might think.

Positive Psychologists are often quoted as saying that after a certain point, more money can’t make you significantly happier, implying that there’s no point in busting a gut to get that next bonus or promotion.

This article however reports the findings of a recent study by the University of British Columbia and Harvard Business School, which shows that spending your money on other people makes you happier than spending it on yourself.

Not convinced? Well, I’m happy to be the recipient of your largesse if you want to try it out!

Image: Material Boy

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