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Giving back can bring greater satisfaction than accumulating wealth from "summary" of PSYCHOLOGY OF MONEY. by MORGAN. HOUSEL

Many people believe that the key to happiness lies in accumulating more wealth. They think that the more money they have, the happier they will be. However, research shows that this may not be entirely true. In fact, giving back to others can bring greater satisfaction than simply accumulating wealth. When we give back to others, whether through acts of kindness or charitable donations, we activate the reward centers in our brains. This release of feel-good chemicals like dopamine and oxytocin can lead to a sense of fulfillment and happiness that goes beyond what money can offer. This is why many people who engage in philanthropy report feeling a deep sense of satisfaction and purpose in their lives. Furthermore, giving back can also help us build stronger relationships with others. When we help those in need, we create connections that are based on empathy and compassion. These bonds can be more meaningful and long-lasting than those based solely on financial transactions. By giving back, we not only enrich the lives of others but also our own. Another benefit of giving back is that it can help us gain a new perspective on life. When we see the impact that our actions have on others, we become more grateful for what we have. This gratitude can lead to a greater sense of contentment and well-being. In a world where material wealth is often equated with success, giving back can remind us of the true value of kindness and generosity.
  1. While accumulating wealth may bring temporary pleasure, giving back can bring a more lasting sense of satisfaction and fulfillment. By helping others and making a positive impact on the world around us, we can find true happiness and meaning in our lives.
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PSYCHOLOGY OF MONEY.

MORGAN. HOUSEL

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