Some of the most common New Year’s resolutions have to do with money: saving more, making more, spending less, and so on. America’s elders, however, urge you to take a broader view of money and what it means in your life. The “experts on living” in the Legacy Project have some excellent advice on the topic.

The fantastic financial journalist Morgan Housel at Motley Fool wrote an excellent article (10 Money Lessons from Elderly Americans Who Have Seen It All), based on my book 30 Lessons for Living. Take a look – it will help you think “outside of the box” about money issues over the coming year. I will share the first two lessons here.

1. Young people obsess about making a lot of money. Older people wonder what they were thinking.

When asked about their prescription for happiness at work, what wasn’t mentioned spoke the loudest. And fancy statistics aren’t necessary because the results are so clear.

No one — not a single person out of a thousand — said that to be happy you should try to work as hard as you can to make money to buy the things you want.

No one — not a single person — said it’s important to be at least as wealthy as the people around you, and if you have more than they do it’s real success.

No one — not a single person — said you should choose your work based on your desired future earning power.

2. Money is often at war with time. Balance them appropriately.

The view from the end of the life span is straightforward: time well and enjoyably spent trumps money anytime. They know what it means to make a living, and they are not suggesting that we all become starving artists. But they also know firsthand that most people who decide on a profession because of the material rewards at some point look back and gasp, “What have I done.” In their view, we all need a salary to live on. But the experts concur that it’s vastly preferable to take home less in your paycheck and enjoy what you are doing rather than live for the weekends and your three weeks (if you get that much) vacation a year. If doing what you love requires living with less, for the experts, that’s a no-brainer …

If you are willing to accept a lower income level, you can gain enormous benefits by choosing part-time work as a lifestyle. Imagine if you suddenly had more leisure than work time. Some experts made this decision: living on much less money, renting rather than owning a house, and forgoing expensive consumer goods to pursue a job and a lifestyle they enjoy

Check out Morgan’s article for the other eight tips!