E30: Can money buy happiness? With Ken Okoroafor, Kim Stephenson and Emily Tribe

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: [email protected].   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: The Pension Confident Podcast The Pension Confident Podcast 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. Follow Kim Stephenson (@kimpstephenson) on LinkedIn and X.