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Wealth in Time vs. Wealth in Money
One significant factor for happiness is having more free time, known as time affluence. Increasing time affluence involves removing tasks from our schedule rather than adding more. Happiness often comes from simplifying and decluttering our lives. Focusing solely on money and income can lead to stress and unhappiness, particularly if income is irregular. Research indicates that people who prioritize being 'wealthy in time' are happier than those focused on being 'wealthy in money.' Spending money to save time, like ordering takeout instead of cooking, can lead to greater happiness by reframing the value of time saved versus just the monetary cost.