How to spend your money for maximum happiness
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.
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.
There are five different types of financial personalities, each of them having their own set of values and outlook towards money:
After you have figured out your financial personality, here are a few tips to save money:
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.