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The debate about how material belongings can get in the way of our happiness dates back hundreds of years:
Today, the question of whether money can bring us happiness remains a subject of intense debate.
The things we buy might make us happy in the moment, but that feeling fades away over time. This phenomenon is called the “hedonic treadmill."
We get used to things that we have, and when new, more attractive things catch our eye, we feel like we need to keep getting more stuff to maintain those feelings.
Time famine is something experienced by people across all income levels.
People who feel time-constrained are more stressed, less likely to spend time helping others, and less active. This is also one of the main reasons people give to explain why they’re not exercising regularly or eating well.
Buying time can increase our sense of control and, ultimately, our feelings of well-being. For example: hiring someone to clean the house for us, ordering takeout instead of cooking, or paying extra for a direct flight.
But we are less likely to benefit from buying time when we focus on its economic value (something we’re more likely to do if we have less money to spend).
People who think of their time as a limited resource are more likely to derive joy from life’s simple pleasures (talking to a friend for example).
Also, if you’re spending money on a time-saving purchase, use those extra minutes to do something that lifts your mood.
SIMILAR ARTICLES & IDEAS:
Adaptation is the enemy of happiness.
We buy things to make us happy. And they do, but only for a while. New things are exciting to us at first, but then we adapt to them.
Objects fade and become part of the new normal. So you’ll get more happiness spending money on experiences like going to art exhibits, doing outdoor activities, learning a new skill, or traveling.
Experiences really are part of ourselves. We are the sum total of our experiences.
They connect us more than shared consumption.
Even if someone wasn’t with you when you had a particular experience, you’re much more likely to bond over both having hiked the Appalachian Trail or seeing the same show than you are over both owning Fitbits.
During the first week of the new year, there is a rush of motivated people who want to achieve their respective self-improvement goals. But then all this rush always tapers off, with only about 8 %...
Procrastination, or the way we let pending tasks linger on, just avoiding them, is one of the main reasons our goals don't materialize.
The longer any work is avoided the harder it becomes to eventually do it.
Like dishes piling up in the kitchen sink, they get harder and harder to do as the load increases.
Fear causes us to procrastinate. It can be:
We justify these fears by imaginary different reasons, but the root cause is not related to our invented reasons, it is our inherent fear.
A growing body of research shows we can reliably raise our well-being.
Reframing the way we think about money and making financial decisions can lead to long-term gains in life satisfaction.&...
Buying time by outsourcing unpleasant or disliked tasks can benefit our well-being.
Unfortunately, we're not great at valuing time over money. To change our spending habits, it helps to value time more than money. It could mean that we seek a job for its flexibility rather than the salary and prestige.