What The Elle - 🧁 Money Can Buy You Happiness

ELLE RAISERS COMMUNITY

Money is not just money

Whether it’s helping you just buy the f***king latte or take back your power with a F*ck-You Fund, money is peace of mind, options, control. Money is the ability to leave toxic situations — from jobs to apartments to relationships — and bounce back on your own terms.

In all these ways and more, money can buy happiness. We’ve said this. A lot. And now, science fully agrees. After contradictory findings, new research from Penn and Princeton shows there’s a strong correlation between more money and happiness. Way stronger than you might think.

The joint 2023 study suggests that for most people, larger incomes are associated with “ever-increasing levels” of happiness. (!) Money may not literally buy smiles, but it has the ability to seriously influence your overall well-being … something you already knew. Same for our Ellevest community.

Let their (anonymized) responses to our once controversial, now backed by science stance that money can buy happiness be the inspiration to take you to your happy place by getting after your money goals.

Read the responses

☕ Money tip of the week

One of the bigger, more transcendent ways money can get you happiness? When you know your money is being spent in meaningful ways through intentional spending.

Reckless spending may produce a momentary thrill, but once the adrenaline wears off from an impulsive money decision, feelings of regret are common. Intentional spending helps us check our money decisions against a greater set of values — whether that means giving yourself permission to spend extra money at the indie coffee shop vs the corporate one. Start by making a list of values, and check your last five purchases against them. Do they align?

“HOW MUCH MONEY SHOULD I KEEP IN CASH?”

The exact amount to keep in checking and savings will be different for everyone. Here’s our financial planners’ best advice on how to decide how much cash is “just right.”

Read the details >

See you soonish

Investing, Part 1: How It All Works: Diversification. Compounding. Let’s dig into the most important investing concepts, together. 💸

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“Buying pastries and good tea to sit and read a good book makes me very happy. All of which can be bought with money — so to those who say ‘money can’t buy happiness’, I say, ‘You just don’t know where to shop.’”

— Elle Raiser @Obreewansg drops the wisdom. 👏🏻 Start working toward your money goals with an Ellevest financial planner. Book 15 (free) minutes with us to see if it’s for you.

Text that reads, “Money can buy you happiness. This is a sign to find a financial advisor.”

Just tabbin’ along

A new Gallup survey finds that more Americans own traditional stocks than ever. Crypto-who?
How are you upholding the treat economy today? 🍦
Some companies are so desperate to get their workers back to the office that they’ve resorted to actual bribes. 😬
Stressed out about the economy? The feeling is mutual.
“There’s something about getting into my 40s where I am starting to see you only get this one life. … To spend this one life wanting to be anybody other than me, and not be where I am, doesn’t benefit me.” Kerry Washington is glowing.

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This week’s newsletter was brought to you while listening to non-negotiable songs. Forward it to your friends who loveeeee weddings.

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DISCLOSURES

The “TAKE3” promotional offer (the “Promotional Offer”) is offered to those who sign up for a monthly Ellevest plan on or before 11:59 PM EST on 6/30/2023 (the “Promotional Period”). This Promotional Offer is only available to new Ellevest clients, and cannot be combined with any other offers or promotions. Ellevest fees are waived under the Promotional Offer for new Clients for the first three months of their plan period, starting on the date the Ellevest Plan Terms and Conditions Agreement is acknowledged (the “Effective Date”).

Ellevest reserves the right to refuse to award you the Promotional Offer if it determines, in its sole discretion, that the promotion was claimed under wrongful or fraudulent circumstances, that your participation is against the spirit of the program, that making payment would constitute a violation of your Ellevest Plan Terms and Conditions Agreement or applicable federal or state law, or that incomplete or inaccurate information was provided. Ellevest reserves the right to end or modify any promotion at any time.

All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.

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Key phrases

indie coffee shop last five purchases impulsive money decision

What The Elle - 🧁 Money Can Buy You Happiness

Money is not just money

“Buying pastries and good tea to sit and read a good book makes me very happy. All of which can be bought with money — so to those who say ‘money can’t buy happiness’, I say, ‘You just don’t know where to shop.’”

Start your summer with three free months of Ellevest.

Key phrases

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