Read this yesterday https://www.collaborativefund.com/blog/the-highest-forms-of-wealth/
- Controlling your time and the ability to wake up and say, “I can do whatever I want today.”
- When money becomes like oxygen: so abundant relative to your needs that you don’t have to think about it despite it being a critical part of your life.
- A career that allows for intellectual honesty.
OK, I have all three. im fucking rich babyy. my ability to earn outperforms my need to spend. I have the option and ability to not have to think about money. I live a cheap, comfortable, good life.
Stumbled upon this today https://www.theatlantic.com/family/archive/2021/04/money-income-buy-happiness/618601/
But after a while, the good feelings don’t come, because there’s no more material deprivation to relieve. For the most part, remediating the small size of your TV screen or the low horsepower of your car has no effect on your unhappiness whatsoever. This is not to say that people who make more than six digits should stop working hard—earning success through work has been shown to bring happiness at all financial levels. But beyond a certain income, working harder simply to have more money to buy things is pointless, since we find that none of life’s biggest problems—which typically involve our relationships—are solved. Quite the contrary, as spending more time fruitlessly chasing well-being up the income curve often means spending less time on love.
I’m currently at that point of diminishing return. and I swear I have read the whole idea of hedonic setpoint at least 10 times in different books, articles, talks, and I thought I “get” it. But when I actually felt the depression of “nothing is that exciting or interesting anymore” I didn’t connect it to this phenomenon.
It’s easy to be discouraged by the fact that we are driven instinctively toward a goal that doesn’t actually satisfy us. Luckily, there is a loophole. Research shows that how the wealthier among us spend their money makes all the difference for their well-being. Specifically, spending money to have experiences, buying time, and giving money away to help others all reliably raise happiness. Thus, if you have a little excess income, it’s best to use it on those three things. The key factor connecting all those approaches is other people.
I tried all three. It was just… okay, Been there, done that.
Left to our urges and natural desires, we can get stuck in a cycle of dissatisfaction, in which we work, earn, buy, and hope to finally get happier. But we don’t have to play that futile game. Anyone who acquires money can use it to buy some happiness, and do a little self-improvement in the process. If we don’t have much, we can spend any extra cash on removing some of the stressors in our daily lives. When we have enough to meet our basic needs, we can fight our materialistic impulses and spend time enjoying the people around us. And if we are lucky enough to have extra income, we can make it into a source of happiness, by transforming it into a means to share, and to love others better.
“In 1999 I bought a Porsche 911 cabriolet. The first week was fantastic. Drop in enjoyment was nonlinear. I realized, it’s just a car and that’s not what defines you. Things don’t make you happy. Experiences make you happy. People make you happy.”
Since sold the car I bought a boat that someone might call a Porsche equivalent. The best part about the boat is going places and doing things with other people on it. It fosters shared experiences.
What to do when you don’t have any extra thing you need, specific experience you’d like to have, and you get to experience life with all the people you care about. What now? Is this is?