HBR IdeaCast

Use Your Money to Buy Happier Time

Jan 29, 2019
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INSIGHT

Buy Time, Buy Happiness

  • Happiest people use money to buy time, focusing on reducing negative experiences.
  • Outsource disliked tasks like housework or commuting to boost happiness.
INSIGHT

The Busyness Paradox

  • Despite having more leisure time than before, people feel stressed due to overworking.
  • This busyness is often driven by a desire for status symbols, leading to longer commutes and less enjoyment of free time.
ANECDOTE

Prioritizing Proximity

  • Ashley Whillans prioritized saving money over time by living far from work during graduate school.
  • Later, she deliberately chose a more expensive but closer residence, significantly reducing stress and increasing happiness.
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