The Difference Between Materialistic Versus Experiential Spending

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When we buy things, the lustre wears off. When you actually buy an experience, you do something kind of cool and remember it fondly later. These are parts of our identity which are so important. By mixing things up, we create alternative stimuli. If we can use that to facilitate alternative stimuli, using our money to do that, we end up stretching our perception of time,. thereby living longer... without chronologically living longer and living a more satisfied life.

#359: Money, relationships, health and purpose: life is running smoothly when all four of these elements are working together in tandem, like wheels on a car. But how can we make spending and investing choices that facilitate stronger relationships, better health and a deeper sense of purpose?

Andrew Hallam, who became a millionaire on a teacher’s salary, shares researched-backed, evidence-based insights into how to find balance, drawing from the worlds of behavioral finance and stock market history.

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