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Hi, and welcome to The Longview. I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.

On this week's episode, we'll feature some of our favorite clips from interviews we've done with financial planners, advisors, and retirement researchers over the past year.

It's a counterpart to a previously released Best of episode that was all about investing.

We had several engaging conversations about

the psychology of money throughout the year. One of my favorites was with author and financial

psychologist Daniel Crosby, who recently released a wonderful book called The Soul of Wealth.

I asked Daniel about how we can use money to increase our happiness.

When it comes to how we spend the money,

I think the best publicized of the findings is that we should buy experiences over things.

And there's a very particular reason why that's the case,

and it has to do with this human tendency to habituate to things.

So a lot of what we call behavioral biases

is really just human tendencies that are neither good nor bad,

and habituation is one of those things.

People can get used to whatever they're going through

for better and for worse. You hear people say all

...