
Memories of your HDTV or your lakeside vacation - which do you prefer?
How about hiking a mountain and whitewater-rafting with your loved ones?
Or you could have a few hundred dollars in cash and an expensive lamp.
Which provides the real "light" in your life?
"People still believe that more money will make them happy, even though 35 years of research has suggested the opposite," Howell said. "Maybe this belief has held because money is making some people happy some of the time, at least when they spend it on life experiences."
While your HDTV may satisfy your need for entertainment, your possessions are not going to provide you with the greatest sense of well-being.
A recent study by San Francisco State University shows that buying experiences result in increased well-being because they fulfill much higher order needs than getting that new BluRay DVD or a new couch.
The need for social connectedness and vitality - being alive - trumps the need for more stuff in the house.
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Those participating in the study had been asked to write down reflections and answer questions regarding any recent purchases. The subjects noted that experiential purchases represented money better spent as well as greater happiness for both themselves and others. These findings also show that experiences produce more happiness regardless of the amount of money spent or the income of the consumer.
In the long-term, experiences still outweigh material possessions. "Purchased experiences provide memory capital," Howell said. "We don't tend to get bored of happy memories like we do with a material object."
So, just remember that "money can't buy happiness." Life goes by quickly and you can either choose to spend your time collecting items to surround yourself with at home or spend your time with friends and family experiencing life moments which will live within you always. Just know that the person inside you truly yearns for life experiences, not a new gadget. And your memory knows the difference.
www.johnstipek.comSource:
San Francisco State University. "Buying Experiences, Not Possessions, Leads To Greater Happiness."
ScienceDaily 17 February 2009. 17 February 2009
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