Why You Should Spend Your Money On Experiences, Not Things
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.
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The debate about how material belongings can get in the way of our happiness dates back hundreds of years:
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.
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.
Being “rushed” puts you on the fast track to being miserable.
Live a productive life at a comfortable pace. Learn to say no to busywork.
National surveys find that when someone claims to have 5 or more friends with whom they can discuss important problems, they are 60 percent more likely to say that they are ‘very happy’.
Excerpt from the book Finding Flow.
True friends really are worth their weight in gold. Check in regularly with close friends (around every two weeks).
Self-esteem is good for confidence, but self-esteem that is bound to external success can be quite fickle.
Think of yourself less and avoid the trap of tying your self-worth to external signals.