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HBS Professor Michael Norton presents a second challenge: take $20 and spend it on someone other than yourself. Through experiments like this, Norton and co-author Elizabeth Dunn found that giving money away makes people happier than buying things. Investing in others, as they call it, is another of the five core principles of smarter spending detailed in their book: Happy Money: The Science of Smarter Spending. For more about the book visit http://www.hbs.edu/faculty/Pages/item.aspx?num=43404
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