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Episode 3260:
David Cain reminds us that money is only a tool for creating or avoiding experiences, and the true measure of wealth is the quality of those experiences. By consciously evaluating purchases in terms of lasting value and impact, we can make far more rewarding choices, avoiding regret and channeling our spending toward experiences that genuinely improve life.
Read along with the original article(s) here: http://www.raptitude.com/2012/03/how-to-buy-happiness/
Quotes to ponder:
"Value amounts to positive experiences. Wealth is ultimately the capacity to create worthwhile experiences in life, and to prevent bad experiences."
"There’s nothing of value except experiences, and assets that can continue to supply good experiences."
"The moment when I was in the chocolate aisle deciding which flavor to grab, that was a moment where I wielded a great amount of leverage, if only over a small amount of money."
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Optimal Finance Daily - Financial Independence and Money Advice