It's Personal Finance Canada

Does More Money Make You Happy?


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This week we go deep into our motivations behind making more money and find out if the true cost of "success" is worth it. From recent sociological, economic and goverment studies we find out if it's really worth working yourself to the extreme in order to have more money.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  

Useful Resources:

-Stats Can study on sources of stress: https://www150.statcan.gc.ca/n1/pub/11-627-m/contest/finalists-finalistes_2-eng.htm 

-Daniel Kahneman's 2010 study "High income improves evaluation of life but not emotional well-being": https://www.pnas.org/doi/10.1073/pnas.1011492107  

-Harvard Busniess School study on the corrolation between happiness and income: https://hbswk.hbs.edu/item/more-proof-that-money-can-buy-happiness#:~:text=When%20we%20wonder%20whether%20money,cause%20stress%2C%20new%20research%20shows

-Killingsworth's article from the Proceedings of the National Academy of Sciences Journal: https://www.pnas.org/doi/10.1073/pnas.2016976118 

-World Economic Forum study on a 4 day work week: https://www.weforum.org/agenda/2022/05/4-day-work-week-what-means-for-the-future-of-work/ 

Books Mentioned:

-Deep Work by Cal Newport

-The 80-20 Principle by Richard Koch

-Is Work Killing you by Dr. David Posen

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It's Personal Finance CanadaBy Christine Conway, Cameron Conway

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