Monday, March 24, 2008

Want Happiness? Give Away Some Money

It appears that people who are searching for happiness need look no further than their wallets. According to researchers at the University of British Columbia and Harvard Business School, as reported in Science, people who give to others are happier than their peers.

The researchers took three different approaches in their study, but the results of each method confirmed that people who gave to others were happier than those who spent money on themselves. If you are interested to learn more about this study, visit this New York Times blog post about it.

I believe these findings are accurate, as I—and most people, I think—agree that it is better to give than receive. Here at NuWire, we try to highlight not only monetary investment opportunities, but also social investment opportunities. We attempt to identify companies that are creating social change through investing and business principles. These companies are able to stretch every dollar donated to them further than traditional non-profits. In case you missed some of our past social investment articles, here are some that you should check out:

Top 15 Charities for Investors
MicroPlace Thinks Big to Alleviate Global Poverty through Microfinance
Microfinance Institution Reviews
Non-Profit Venture Capital Aids Developing Nations

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