Jaynes Your Way

Here are my thoughts about films, life, and what not. If you don't like them I'll give your money back.

Money can buy happiness, sort of

08 August, 2010

Great article in the NYTimes business section today purchasing happiness: But Will It Make You Happy?

Things I took away from it:

  • Move from conspicuous consumption to calculated consumption. 
  • You can purchase big things, but putting it off for a while adds to the happiness value.
  • Spend on leisure activities and time with friends: Spending money should be on experiences. You can't really compare your experiences with others like you do with cars. Apparently, “A $20,000 increase in spending on leisure was roughly equivalent to the happiness boost one gets from marriage."
  • You don't have to live a spartan life (100 Item Challenge), but getting rid of somethings isn't a bad idea. 


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