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After you listen
Being more intentional about how and with whom you spend your time is a proven way to live a happier, more meaningful life. But when it comes to your finances, you might wonder if some decisions are more likely to align with your values and influence your sense of well-being. One trend in the world of investing aims to help investors achieve goals beyond just risk and return.
“Life, liberty, and the pursuit of happiness.” A quintessentially American phrase from the Declaration of Independence. That “pursuit of happiness” takes many forms, but it turns out that some approaches are more likely to be successful, according to science.
In this episode of Choiceology with Katy Milkman, we look at a way to frame how you spend your time and money that may help you lead a happier life.
Joshua Fields Millburn was hungry for success. Despite a difficult childhood, he was determined to make it big. He worked long hours, took little time off, and rapidly climbed the corporate ladder in his hometown of Dayton, Ohio. By his mid-twenties, he had worked his way to a director position at a telecommunications company and was leading a very prosperous lifestyle. But his workaholism had taken a toll. By 28, his marriage had failed, his mother had died, and Joshua was at a crossroads.
You’ll hear how he was forced to take stock of what was most important—and how he shifted his priorities in a way that changed his life for the better.
Joshua Fields Millburn in one half of the simple living duo the Minimalists.
Next, Katy speaks with Cassie Mogilner Holmes about her research on time and happiness and how prioritizing quality time over money and material wealth can have lasting positive effects. She's the author of the new book Happier Hour: How to Beat Distraction, Expand Your Time, and Focus on What Matters Most.
Cassie Mogilner Holmes is a professor of marketing and behavioral decision making at the UCLA Anderson School of Management.
Choiceology is an original podcast from Charles Schwab.
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