#801 - George Mack - 13 Life-Changing Ideas You’ve Never Heard Of
Modern Wisdom
00:00
The traditional question of whether money buys happiness oversimplifies the issue by assuming all money and happiness are equal. In reality, strategic spending can lead to happiness, while unstrategic spending can result in misery. Just like investments, the impact of money on happiness is highly individualistic. Personal utility and the value of the purchase on one's life are crucial considerations. Having a low materialism set point can be advantageous, as it reduces the need for possessions to feel satisfied and enough, lowering one's happiness burn rate significantly.
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