Money can actually buy you happiness. Here's how to get it.
This is a professional note extracted from an online article.
Read more efficiently
Save what inspires you
IDEA EXTRACTED FROM:
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. Just having money doesn’t necessarily mean greater happiness, but using it well can.
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.
Psychologically, the effect of buying stuff is less valuable. Experiences are often better investments, as they encourage meaningful memories and connections that have a lasting impact.
A series of experiments found people are happier after spending money on others versus on themselves. It is not that spending money on yourself doesn't feel good - it just doesn't seem to last for long.
By giving money away, you not only make other people happy, but you also make yourself happier.
SIMILAR ARTICLES & IDEAS:
The story of positive psychology started just 20 years ago with Martin Seligman, head of the American Psychological Association. The idea he considered was: What if every perso...
The term “positive psychology" was coined by Abraham Maslow in 1954. Martin Seligman used this term to promote personal change through the redemptive power of devotional practices like counting your blessings, gratitude, forgiveness, and meditation.
It is expressly designed to build moral character by cultivating the six virtues of wisdom, courage, justice, humanity, temperance, and transcendence.
Martin Seligman insists on the value-neutral purity of the research on positive psychology. Yet even its fans say it seems to have some of the characteristics of a religion.
Philosophers such as Mike W. Martin say positive psychology has left the field of science and entered the realm of ethics. Science is a factual enterprise, not promoting particular values.
2 more 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.
8 more ideas