Similarly, research has found that experiences, such as family vacations, hold more value and foster stronger relationships in children than toys do. "If you have a lot of money and a lot of nice stuff, but you're spending your time doing things that you dislike, then your minute-to-minute happiness and overall happiness is likely to be pretty low." "What matters for your wellbeing is what you're doing with the minutes and days of your life," University of British Columbia psychology professor Elizabeth Dunn previously told CNBC Make It. Money can't outright buy happiness, but how you choose to use it plays a central role in your overall comfort and contentment. Kiedis and Hatcher choose to spend their money on loved ones, instead of objects, which is likely bolstering their own fulfillment, as well as that of their families. To me, feeling comfortable means having way more than I need in the bank." I drive my cars for 10 years until they have 100,000 miles on them. Hatcher told the magazine, "I'm a very conservative person. "But being able to go on the trip of a lifetime is pretty special." In 2005, having just returned from an African safari with her daughter Emerson, Hatcher told People, "I don't spend my money on sports cars or new million-dollar houses," she says. "In the '70s it was skateboards, in the '80s it was drugs, in the '90s it was art, and now it's my family," Kiedis told Maxim during a 2011 interview when asked what he spends the most money on.Īctress Teri Hatcher, who starred on ABC's "Desperate Housewives" from 2004 to 2012, has expressed similar priorities. But today, he prefers to spend on his family, which includes his 10-year-old son, Everly Bear. In his youth, the majority of his cash went to skateboards and, later, drugs. As his career has developed, Kiedis' spending habits have shifted as well.
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