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: . ADHA can affect how your brain handles things like planning, focus and organisation, which can make it particularly challenging to stay on top of your finances. Things like paying off debt, saving into a pension, paying a bill on time can feel really overwhelming. In this episode we explore exactly why money and ADHD can clash, find out what can help, and take a look at how to build systems that could work for you. Join...
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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: . In this special bonus episode of The Pension Confident Podcast, we’re discussing how to manage your pension and your personal finances whether you’re self-employed, freelance or running your own business. PensionBee’s Invisible Worker research - which surveyed 1,000 British gig workers - found more than half of them can’t afford to save into a pension. Nearly 30% of them also said they wouldn’t know where to start...
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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: . In this special bonus episode of The Pension Confident Podcast, we cover some of the key changes from the new 2025/26 tax year and what they could mean for you and your finances. Tune in as our host, Philippa Lamb and Financial Journalist and Founder of , Faith Archer, cover the various changes made, including: the National Living Wage; frozen income tax bands; Statutory Sick Pay; and the State Pension. Episode...
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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: . Have you been making progress with your new year's resolutions? If sorting out your finances was top of that list, we’re here to help you along. We've been digging into some of our best-loved episodes for nuggets of financial wisdom. Listen as our guests share insights on some of the most common financial resolutions and how you can stick to them. Join our host, Philippa Lamb and our expert guests as they...
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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.