I always felt like it was a lie whenever I heard people say, "Money can't buy you happiness". Recent research proves my instinct was correct.

It's not saying that more money in anyone's pocket will instantly lift them into a blissful nirvana, but rather, it shows that people might not be spending their money in the right way.

Carl Richards at the New York Times points out that money is just a tool: "Having more of it does not make us happier by itself." But like any tool, the usefulness comes to light given the right task.

He lays out some ways that we can spend our way to happiness. Not surprising, the benefit comes when we create lasting good feelings.

The research is important because we can learn how we can feel happier by properly spending what money we already have.

(READ the story in the New York Times)