Every dollar you spend is a reflection of what you value the most. Yet, many of us fall into habits of mindless consumption, missing the opportunity to use our resources for genuine fulfillment. So, this week on Doing Well: The Wellbeing Science Insights Podcast, host Lu Ngo interviews marketing professor Nicole L. Mead on what it means to spend meaningfully.

The founder and director of the Well-Being Research Lab (WiRL), Nicole L. Mead aims to uncover novel psychological insights that can be harnessed to improve personal, societal, and environmental well-being. Impressively, her research has been published in  Science, Proceedings of the National Academy of Sciences, Journal of Personality and Social Psychology, Organizational Behavior and Human Decision Processes, Journal of Consumer Research, and Journal of Marketing.

In this episode, Nicole L. Mead delves into the various misconceptions most people have about well-being, as well as how it can be affected by our spending. Additionally, Nicole L. Mead shares useful pointers on shifting from impulsive to intentional spending, prioritizing purchases that align with long-term goals, and using money as a tool for personal growth, rather than momentary gratification.

Together, Lu and Nicole L. Mead discuss practical tips for transforming our relationship with money and spending more meaningfully. So, if you’re ready to make every dollar count towards a happier, more meaningful life, tune in to this episode and join us on the journey to well-being!

Visit Nicole L. Mead’s work via the following platforms:

York University: https://schulich.yorku.ca/faculty/nicole-mead/

Science Direct: https://www.sciencedirect.com/science/article/abs/pii/S2352250X22000446

Produced by the Wellbeing Science Labs, a division of LMSL, the Life Management Science Labs. 

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