Tuesday, 2 July 2013

The Daily Idea from Harvard Business Review

  Daily Idea - Harvard Business Review

July 02, 2013

Giving Gifts Makes You Happier


Deep down, we all know that TVs, cars, and houses won't make us happy. Even higher salaries. But, in some instances, money can make us happier. There's one important caveat, however: in order to feel a jolt of happiness, you need to spend the money on other people. In fact, spending as little as $5 can do the trick. Google knows this full well, and has set up a program that encourages its employees to nominate each other for a $150 bonus. That may seem like small change, but the emotional payoff of giving a gift (and receiving one, of course) far exceeds its monetary value.

SOURCE: How Money Actually Buys Happiness by Elizabeth Dunn and Michael Norton


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