Turns out all our common folklore on the power of money was wrong on this one. Money can buy you happiness, but only if you use it the right way. According to an article published by the Harvard Business School, money can buy you happiness as long as you spend the money on someone else.
The article states that even spending as little as $5 can “lead to increased well-being for the giver.” The results of this premise held true in three different studies conducted by a Harvard professor and two professors from University of British Columbia.
Maybe this explains my happiness at treating friends sometimes? [Also, if anyone needs to get happy always feel free to treat me. 😉 ]
Read the full article for more on the study and an interview with Michael I. Norton, the Harvard professor involved with the study.