Anthony Joseph Amaradio Points to Studies That Prove That Being Charitable Boosts Happiness

April 05, 2025 at 11:59 AM EDT

The adage, ‘money can’t buy happiness’ has been challenged by many religious and academic experts, who monitor the spending patterns of people from high and low-income backgrounds, showed that while the behavioral trends may differ, the psychological and compassionate responses from others remain the same.

Aliso Viejo, California, United States, April 5, 2025 -- The Founder and Chief Strategist of Select Portfolio Management, Inc. and Select Money Management, Inc., Anthony JosephAmaradio, pointed to several studies showing that donating to charities can increase happiness. When you share even a modest amount of your money with others in need, there will be an intimate and emotional response from them.

Case studies from Harvard Business School reveal through its paper, ‘Prosocial Spending and Happiness: Using Money to Benefit Others Pays Off’, overwhelming evidence highlighting the notion of spending more money on others to improve relationships and emotional happiness. Anthony Joseph Amaradio is a longtime supporter of encouraging charitable acts and suggests they result in more humility and compassion for members of struggling communities. “These benefits are most likely to emerge when giving satisfies one or more core human needs, such as relating to others, competence, and autonomy,” Amaradio states. “There are many examples in the religious community where prosocial spending has dramatically impacted increasing satisfaction.”

The adage, ‘money can’t buy happiness’ has been challenged by many religious and academic experts, who monitor the spending patterns of people from high and low-income backgrounds. Results showed that while the behavioral trends may differ, the psychological and compassionate responses from others remain the same. A study by Michael Norton, titled ‘Prosocial Spending and Well-Being: Cross-Cultural Evidence for a Psychological Universal’, suggests that these responses can be seen in children as young as two years old, as toddlers start learning about the significance of sharing, helping, and comforting others. As a longtime philanthropist and financial advisor, Anthony Joseph Amaradio urges all members across different communities to embrace a lifestyle that can advance the emotional development of people across the world. “These studies have confirmed that special feeling we all get inside us. That charity is, in the purest sense, fulfilling God’s wish for us to stand alongside each other, and improve all of us.”

The study concludes by comparing three countries—Canada, Uganda, and India—that differ dramatically in national-level income and donation frequency. It still witnesses a correlation between individuals reporting significantly greater happiness after reflecting on a time when they spent money on others rather than themselves. “In highlighting the potential impact of emotional benefits from prosocial spending,” Amaradio states, “all the research outlines the importance of generosity for human well-being.”

Anthony Joseph Amaradio is the Founder and Chief Strategist at Select Portfolio Management, Inc. and Select Money Management, Inc. His years of innovative strategic work and applied business vision have enabled him to develop a strong reputation in management. He earned an MBA from the University of Detroit and a BBA from the University of Michigan, with a concentration in finance. Anthony Joseph Amaradio is a sought-after public speaker who assists non-profit organizations, as well as an author, radio talk show host, and philanthropist.

Anthony Joseph Amaradio - Visionary & Strategic Philanthropist: http://anthonyamaradionews.com

Anthony Joseph Amaradio - The Best Thing You've Ever Done! on Vimeo: https://vimeo.com/313895972

Anthony Joseph Amaradio - Facebook: https://www.facebook.com/Anthony-Amaradio-580623782054204/

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Video URL: https://www.youtube.com/watch?v=Nz0jAilnkPg

Release ID: 89156954

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Anthony Joseph Amaradio Points to Studies That Prove That Being Charitable Boosts Happiness

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