Why You Spend Money the Way You Do & The Benefits of Adding More Pleasure to Your Life

They tell you on airplane that in the event of an emergency an oxygen mask will drop from the ceiling and when you breathe into it the mask may not inflate. Why don’t they know if it will inflate or not? This episode begins with the answer to that and other things about the plane’s oxygen system you should know. http://www.travelandleisure.com/airlines-airports/oxygen-masks-on-planes People spend money for a lot of different reasons. Sometimes those reasons are irrational. Other times we are not really aware of how much money we are actually spending on things. Michael Norton is a professor of Business Administration at the Harvard Business School and author of the book Happy Money: The Science of Smarter Spending (https://amzn.to/3baWJaX). He joins me to discuss why we spend money on some things and why we regret NOT spending money on other things. He also offers some great advice on how to get a good handle on your spending so that you spend money on things that are important without wasting money on things that are not. What makes for a good and safe password? Most people think random characters are best. Listen and discover why there is something else that is really important a…