It explains our tendency as human beings to chase happiness, only to return back to our original emotional baseline after getting what we want.
We run on a hedonic treadmill, and get nowhere, despite exerting massive effort along the way.
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It becomes dangerous when you focus on attaining them for your happiness in life.
Goal attainment is, at most, equally, if not less important than the progress towards the goal.
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.
Prepare for the worst; hope for the best.
There's actually a lot of peace of mind to be gained in thinking carefully and in detail and consciously about how badly things could go. You might actually find that your fears were exaggerated.