Photo Credit: courtesy
Doug Goldstein

In this week’s show, Doug and his son, Efraim, discuss spending habits, and if people generally make good choices.
Imagine hearing a financial planner tell you that it’s important to spend the money that you have in order to make you happy. Remember the famous dilemma: should you buy a cup of coffee every day, or should you save those few dollars and invest them so you can buy something bigger in the future? What will make you happier?

People who have more money, aren’t necessarily happier than people who earn less. What should you buy to make you happy? Although having an iPhone is nice to have, what studies have shown is that when you donate money and help others, you feel better and more fulfilled.


Outsourcing, buying time and delegating tasks is another way to use your money wisely. Have you ever considered spending your money to free up your time so you have more time to do what you like to do?
It’s important to remember that money isn’t the main goal, it’s one of many tools that you can use in order to make you happy.

As the Jewish saying goes “Who is rich? The one who is happy with what he has.”

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and resources mentioned in the show, go to


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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at [email protected]