31 July 2017

Spending money to save time == ++happiness

https://www.nytimes.com/2017/07/27/science/study-happy-save-money-time.html

Prioritize Time Over Money for Greater Happiness

The central learning point of the article is that people who prioritize their time over making more money tend to be happier. This challenges the common societal assumption that wealth is the primary driver of well-being. The research suggests that focusing on how you spend your time leads to more fulfilling choices and, ultimately, greater life satisfaction.

The "Time vs. Money" Mindset

The way you frame your choices—in terms of time or money—can significantly impact your happiness. When faced with a decision, such as taking on extra work, those with a "time" mindset are more likely to consider the personal cost of giving up their free time, while those with a "money" mindset are more likely to focus on the financial gain. The article suggests that consistently choosing time over money, when possible, leads to a happier life.

  • Action Point: When making decisions, consciously ask yourself, "How will this affect my time?" rather than just, "How will this affect my finances?" This shift in perspective can help you make choices that are more aligned with your overall well-being.