E30: Can money buy happiness? With Ken Okoroafor, Kim Stephenson and Emily Tribe
Release Date: 07/28/2024
The Pension Confident Podcast
Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we’d love to hear your suggestions and feedback. Send us an email: . Since the COVID-19 pandemic, . With artificial intelligence (AI) posing potential risks to many jobs, . Changing careers is undoubtedly a significant step, especially if you’ve dedicated years to one industry. So, where can you find the tools to help you make the leap? And importantly, how can you keep your finances on track? Join our host, Philippa Lamb, and our expert panel as they share practical...
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Enjoying the podcast? Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: . In this bonus episode of , we bring you part one of our myth-busting series on common financial mistakes and how to avoid them! Tune in to hear the best bits from episodes , , , and . Our host, Philippa Lamb, and our expert guests cover everything from why people become reliant on credit cards to how credit scores actually work. We hear from: Founder of , Ola Majekodunmi; PensionBee’s Head of Brand and Communications, Brooke...
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For many people diligently building their nest egg, the question of money’s link to happiness is a natural one. After all, financial security can reduce a significant source of stress. But can simply having more money guarantee a life filled with joy?
This month on The Pension Confident Podcast we’re talking about the age-old question: can money buy happiness? Join our host, Philippa Lamb, and our expert panel as they discuss the relationship between money and happiness.
- Author and Co-Founder of The Humble Penny and The Financial Joy Academy, Ken Okoroafor;
- Occupational Psychologist and chartered member of the British Psychological Society, Kim Stephenson; and
- PensionBee’s Head of Culture, Inclusion and Wellbeing, Emily Tribe.
Episode Breakdown:
01:23 At different ages, different things matter
04:10 Does money equal happiness?
06:30 The source of money changes the equation
10:10 Understanding your appetite for risk
13:57 Maslow’s hierarchy of needs
16:20 Avoiding lifestyle creep and finding joy
19:10 The marshmallow test
23:13 How can you boost your happiness
Further reading:
To learn more about where you could put your savings, check out these articles and podcasts from PensionBee:
- Episode 30 transcript
- 4 reasons why sorting your pension is important for your health
- Can money buy happiness?
- E11: How to prepare for a happy retirement
- E18: How to not run out of money in retirement
- E25: How to earn more money
- How much money do you need to retire in the UK?
- Is it time to find your new career?
- Making happiness a habit
- Preparing for retirement checklist
- Work doesn’t have to end at retirement - the over-60s make happy entrepreneurs
Other useful resources:
- 10 Ways Life Is a Marshmallow Test (Psychology Today)
- Being richer than your peers can make you happier (Financial Accountant)
- Does money buy happiness, according to science? (Clearer Thinking)
- Financial Joy by Ken & Mary Okoroafor (Book)
- Maslow’s Hierarchy Of Needs (Simply Psychology)
- Pension Calculator (PensionBee)
- Seligman’s PERMA+ Model Explained: A Theory of Wellbeing (Positive Psychology)
- What Is Loss Aversion? (Psychology Today)
Catch up on the latest news, read our transcripts or watch on YouTube:
Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.
Follow Humble Penny (@TheHumblePenny) on TikTok, YouTube, Instagram, LinkedIn, Facebook and X.