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Spend on Experiences, Not Things

Spend on Experiences, Not Things


We are used to working so hard every day to sustain our life, and when our regular expenses are paid, should we spend the rest on what science says makes us happy?

Here is the reality of possessions! A study conducted by Dr. Thomas Gilovich, a psychology professor at Cornell University, reached a powerful and straightforward conclusion: Don’t spend your money on things. The trouble with things is that the happiness they provide fades quickly.

Why? Here are the reasons. 1)They grow old fast. We get used to the new possessions. What started as exciting quickly transitions into the norm. 2)We want more! We keep raising the bar. New purchases lead to new expectations and we then look for an even better purchase. 3)Possessions foster comparisons. We buy a new car and are motivated by it until a friend buys a better one.

The reality of possessions is we assume the happiness we get from them will last as long as the actual item. It make sense to think that something we can hold or see will give us the best value but that is wrong.

Now here is the power of experiences. Experiences become a part of our identity. If it be a traveling to a new place, a party at Onyx Nightclub with your closes friends or a professional growth experience, they all make us who we are, and become a part of us. Experiences are an accumulation of everything we’ve seen, the things we’ve done, and the places we’ve been. Buying an iPhone isn’t going to change who you are; taking a break from work to hike the Machu Picchu from start to finish most certainly will.

Do comparisons matter? We compare experiences but not the same way we do things. It is hard to quantify the relative value of two experiences, which makes them that much more enjoyable or incomparable.

Anticipation matters! The anticipation of an experience causes excitement and enjoyment, while anticipation of obtaining a possession causes impatience. You feel like you can’t wait until you get the possession purchased. Experiences are enjoyable from the very first moments of planning, all the way through to the memories you will have forever.

Experiences are transient (which is a good thing)!Have you ever bought something that wasn’t nearly as cool as you thought it would be? Or have you ever made a purchase and had buyer’s remorse can set in: “Sure, it’s cool, but it probably wasn’t worth the money.” We don’t do that with experiences. The very fact that they last for only a short time is part of what makes us value them so much.

To conclude, in today’s world we don’t need “puddles of pleasure.” That is what possessions give us, a kind of happiness that evaporates quickly and leaves us wanting more. Things may last longer than experiences, but the memories that linger are what matter most. With that said, sign up for the guest list or book your reservation for bottle service now, because the experiences you have at Onyx Nightclub, rest assured, you will be talking about with your friends years from now!

What makes you happier, experiences or things? Please share your thoughts in the comments section below.


For more visit: https://www.forbes.com/sites/travisbradberry/2016/08/09/why-you-should-spend-your-money-on-experiences-not-things/?utm_source=FACEBOOK&utm_medium=social&utm_term=Malorie%2F#5db7694b6520
By: Travis Bradberry

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