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If money doesn't lead to happiness, then what does? People receive more enduring pleasure and satisfaction from investing in life experiences than material possessions," says Leaf Van Boven, assistant professor of psychology at the University of Colorado at Boulder.

So if you have to choose between an expensive piece of jewelry or a vacation to Italy, you'll be better off in the long-run with the latter. Meanwhile, creating more time to do whatever it is that you love is a must to being happy, as is making time to be with those you love. In a past article we've compiled a list of
21 no- or low-cost things you can do to put a smile on your loved one's face, which is guaranteed to leave you feeling happy inside too.

What life experiences could you invest in now or very soon that would contribute to your sense of being prosperous?

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