Don’t worry, be happy mon! If you know me, you know that my goal in life is to achieve great things while having the most fun I can in the process. I try never to be too serious about things, and live life with joy and lots of laughter. Maybe this is why I am so good with managing my money! How are the two related, you ask? Well apparently a recent search found that when people are sad, they are more apt to make poor financial choices. Something about the sadness being linked to desiring immediate gratification, and thus spending foolishly or foregoing more money in the long run to get less money immediately. Don’t take my word for it though–check out the article by CNN’s Blake Ellis for yourself:
“When you’re sad, it’s not just your waistline you need to watch. Unhappy people are also more likely to make foolish money decisions, new research shows. Sad people will often forgo extra money further down the road in order to get less money right away, according to a study conducted by professors at Harvard, Columbia and University of California Riverside.
When offered smaller amounts of cash immediately versus bigger sums three months later, sad people accepted 13% to 34% less money today than their not-so-sad counterparts did — just to avoid the wait.”
Click here to read about the study and what researchers discovered from the participants.
I guess what I’m trying to say is get happy, people! Count the blessings in your life and be grateful for the day you are experiencing, regardless of what kind of day it is. And if it’s a crappy day, make a conscious decision to turn it around! Smiling at a stranger, holding the door for someone, and even being a polite and courteous driver have a positive impact on those around you and will give you that fuzzy, do-good feeling. Life is precious and too short not to laugh often. And apparently the bonus to your happiness could be a fatter wallet. Another reason to smile 🙂