Post
Topic
Board Economics
Re: Are you Spending Money the Wrong Way in Pursuit of Happiness?
by
Yatsan
on 10/05/2023, 23:06:19 UTC
Money should make you happy but if it doesn't then you are probably spending it the wrong way. See the eight suggested principles to help anyone to be able to get happiness from their money.
  • buy more experiences and fewer material goods
  • use your money to benefit others rather than yourself
  • buy many small pleasures rather than fewer large ones
  • eschew extended warranties and other forms of overpriced insurance
  • delay consumption
  • consider how peripheral features of your purchases may affect your day-to-day life
  • beware of comparison shopping
  • pay close attention to the happiness of others

These suggestions are not mine but are from the scientific findings of EW Dunn et al. They are valid suggestions which even without reading have been practicing.  What are you take on these suggestions? Do you have more to add to what the researchers have discovered about this?

- https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
If you are enjoying where you are spendong or using your money, then that's just fine. What is not is to stress out because you used all of your money into something which will generate profit but will not give you satisfaction or happiness. Things should be balanced; allot money for investment purposes and also, allot for personal entertainment. You'll see; not all people are the same. Some would be fine just enjoying things that much 'coz money is their motivation. While others are prioritizing enjoyment over investments. Eitherway is valid as long as you are meeting your personal goal which is to either earn profit, enjoy, or both.

You can think of many ways to earn profit from investment but sometimes you will have difficulties with finding the source of your happiness. Alike with the counterpart with struggling to dinf that investment and ssacrificing happiness and contentment.