Ideas from books, articles & podcasts.
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.
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The debate about how material belongings can get in the way of our happiness dates back hundreds of years:
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...
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...
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 wh...
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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.
published 3 ideas
There are five different types of financial personalities, each of them having their own set of values and outlook towards money:
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We're commonly told that money is a "store of value," meaning a storehouse of past effort to use for future purchases. Really, money is a store of (productive) time.
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