Where do you spend the majority of your expendable income?
For many of us, extra money means more “things”. We love buying things. It’s bred into us.
Everywhere we look we are inundated with the same message: “happiness is found just on the other side of this purchase.” According to a recent study out of Cornell University, this is mostly true.
Cornell Psychology professor Thomas Gilovich found that those who spend their money on material items experience the same increase in happiness when they buy something as they do when they go traveling.
BUT – before you “thing buyers” rush out in pursuit of happiness, chew on this:
The study’s most important revelation was that the temporary spike in happiness derived from buying “things” falls over time, whereas the memories of our traveling experiences continue to supply us with happiness hormones for much longer.
So, next time you have an impulse to purchase another material item, perhaps consider setting aside atleast a portion of those funds for experiences. Some may be free such as camping or fishing, and some (such as a tropical vacation getaway) may require saving, but ask yourself this question….
“When I look back on my life what do I want to remember? The material things, or the memories I made?”
Every mile is a memory. Be sure to make the most of the miles.
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