052 Jonathan Clements, How to get the most happiness out of your money

Jonathan Clements has spent the last 33 years writing and thinking about money out of which he spent almost 20 years at The Wall Street Journal, where he was the newspaper’s personal finance columnist.

He’s the founder of the website HumbleDollar.com, he has written a novel and eight personal finance books, and also contributed to five others.

We spoke about

• His latest book is From Here to Financial Happiness and How to Think About Money.
• Easterlin paradox: Easterlin argued that life satisfaction does rise with average incomes but only up to a point. Beyond that, the marginal gain in happiness declines.

Tips from Jonathan

1. Don’t put yourself in a situation where you are at a comparative disadvantage with other people. Comparing yourself with people who have more will make you unhappy.
2. Invest in experiences, not on things.

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