Optimal Living Daily - Personal Development and Self-Improvement cover image

2696: [Part 1] Minimalism by Mark Manson

Optimal Living Daily - Personal Development and Self-Improvement

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Identity Investment and Loss Aversion

There are two psychological factors at play in owning a bunch of stuff, and I think both lower the overall quality of life. Identity investment is what Fight Club ribs at when it makes fun of the need to own a bunch of nice stuff. Americans are incredibly materialistic, often without even realizing it. The thought of spending money on more of the same possessions instead of life experiences sounds absolutely insane to me now.

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