Study Reveals Why You Should Spend on Experiences, Not Things

In a straightforward conclusion confirmed by science, it was claimed that your hard-earned money should be well spent on things that would really make you happy.

When you work hard in every single day of your life, there is absolutely so much money left after your usual expenses. However, you have to make sure that your hard-earned money will be well-spent. And as confirmed by science, it was claimed that your limited funds must be spent on things that will really make you happy.

In a 20-year research conducted by Dr. Thomas Gilovich, a psychology professor at the Cornell University, it landed in a very powerful and straightforward conclusion.

The study claimed that people should not spend their hard-earned money on things. The problem with things is that the happiness they provide fades very quickly and here are the main reasons for this:

We get used to new material possessions

Apparently, what was once seemed new and exciting easily becomes a norm for us.

We keep raising the line

New purchases always lead to new expectations. Unfortunately, once we get used to our new possession, we tend to look for a better one. We don’t get contented.

We don’t want to be left behind

If we buy a new car and get pleased with it until a friend buys a better one – this is the painful reality. We hate it when someone has something better – but definitely, there would always be someone better than us.

“One of the enemies of happiness is adaptation.. We buy things to make us happy, and we succeed. But only for a while. New things are exciting to us at first, but then we adapt to them.”

Dr. Thomas Gilovich

Apparently, the classic paradox of possession is that we believe that the happiness and satisfaction we get from buying new things will last as long as the thing itself. Although it may seem natural for us to fall and invest into something we can see, hear, and touch on a permanent basis, it turns out that it’s entirely wrong.

 

Aizelle Joe

Philippines

686 Views