Buy things, not experiences
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A kayak is a "thing", but it's the gateway to an experience. If I buy someone a kayak, I don't intend for them to just hang it in their garage and look at it. I expect they'll actually use it.
If I buy someone a board game, I expect they'll play it with other people. If I buy someone a food basket, I expect they'll not only eat it, but share it with their family and make a memory around it.
If I buy someone a $1 toy from Dollar Store, I expect they'll play with it for a few minutes, and then throw it away. Yes, that was still an experience, but it's a pretty hollow one, and so it's just a "thing", though I suppose there's still a chance it could generate good memories.
OTOH, pre-painted figurines... I just don't see how they create an experience. They're literally just there to look at. They might remind you of an experience you already had, but they don't create or enable experiences.
And by extension, you could apply this to almost all art.
And I definitely don't think people should stop buying (or producing) art. I end up thinking about the advice sometimes, but I don't follow it.
But going back to the original article, it says:
"A well-appointed kitchen allows you to cook healthy meals for yourself rather than ordering delivery night after night."
As we discussed with an architect about renovating a house, he asked us our budget for the kitchen. We said that we paid about 2500€ for our current kitchen, so we were ready to spend 5000 to renovate. His answer was: "You, you are really cooking!". His 20 year experience was that the more expensive the kitchen, the less it is used. We are effectively cooking every single day of the week.
Really? We’re going to have to replace our quartz island countertop just from sitting a (hot) lid on it. And we were also told that we shouldn’t sit anything hot on it (I just wasn’t thinking when I sat the lid on it).
A quick search [1] also shows that a downside to quartz is that it’s not as resistant to heat as other surfaces (including granite).
[1] https://countertopguides.com/guides/pros-and-cons-of-quartz-...
Yeah, few people seem to realize how porous marble is. A really bad choice for counters. And floors. And shower stalls.
It's almost as if using marble in spite of it's disadvantages was a conspicuous consumption signal.
Oh, wait.
Also - people in very rich homes tend to have things on display for areas that look like you’d do work but then they don’t ever work there.
So, for the kitchen, you’d have a real kitchen in the back. That’s where your staff would prepare meals. The front kitchen is merely for appearance.
My builder told me the same thing - the people that spend the most on kitchens, are those that use them the least.
From Chapter 2 of Early Retirement Extreme by Jacob Fisker
She's a constant source of embarrassment, but also entertainment, for the rest of the family.
For remodeling her kitchen?
Which makes perfect sense as such a person is likely time constrained and has the financial means to dine/order out more often. At this point the cost is more decorative than utilitarian, it needs to have the fit/finish of the rest of their home.
I wonder how they verified that, probably didn't.
I know two retired lawyers. When they downsized from a mansion to a luxury condominium, they had an incredible kitchen installed. They don't cook much personally, but they have someone come in and cook a couple of days a week.
They also entertain, and when they do so, they have caterers come in and use the kitchen.
They knew all of this going in, and had the kitchen designed around being convenient for all three scenarios: What they need for themselves, what their chef/cook needs, and what a catering company needs when they throw a party.
I think you could expand the kinds of experiences to be a little broader. Say a tattoo: I got mine because it makes me happy to see it, routinely. Getting some figurines or art that make your space - home, work, your body, etc. - bring your more happiness/less dreariness (even if only a little, every day, day after day) can be worth it. I'd make the same argument for plants, though I think plants have a little more inherent vs. personal benefit.
For me, art is about stopping me for a moment and forcing reflection, realization, or something similar. I have a painting a love, that I just stop to look at sometimes. I feel like I see something different in it as time goes by. Same for movies: some are just purely entertainment, others help me introspect and put me in position to think about who I consider and interact with the world.
In short: "experiences" need not always be relating to the external.
That depends on whether you bought it for yourself or to show off. A lot of people buy/wear/own expensive tools to show off, as a status symbol. Especially those who can afford a Lamborghini are seen as such (whether appropriate or not I don't know). At the same time, many people who cannot afford a Lamborghini would love to drive around in one which feeds into the status symbol loop ('you want this'). Good news! They can do that, virtually, with a fraction of the cost. They buy the experience, not the thing. I am not sure what the point of this entire write-up is, I just found it a terrible example. Because almost everyone who owns one car, owns it primarily as a tool, not an experience. Yes, it provides an experience, but its mostly a tool. A tool has a lowest common denominator. It has to work reasonably well, well enough, for its purpose. If you're rich, you may have higher standards and might get annoyed about your Tesla's entertainment system instead of the conventional car of a poor person leaking oil.
As for kayak, I can resonate with your example. I went to Venice as child, with my father (who has since passed away). My father was in a wheelchair back then, he had MS and could barely walk. Every bridge, we needed help to get him across. People helped. We didn't see the cathedral (too much effort), but we did end up in a gondola. Though it took effort to get him in, and it was 'on our own risk', this was very special for us as a family, including me. Before my father became ill (he was a photography nerd among other things) he made a picture of a man with a gondola in the 70s and won a national competition with it which hung in our house. And now I, his son, was able to experience the same with him. I have no idea how much my mom paid in Italian Lira for the experience, but I know for sure I wouldn't have wanted to buy the boat or the man. Because the experience is a memory which only old age can take away from me, no amount of money can describe it. Remember how I mentioned people helped? They'll never know it, but I am grateful.
We have a few things hanging that are nice, and they do, indeed, disappear. We also have a few that aren't as nice but where we have a connection to them. A couple travel posters as a reminder of an amazing vacation, a map of Paris where we visited and loved the experience, and a fancy triptych concert poster for a destination concert my wife attended all have meaning beyond "nice art", and I notice them at least once a week.
She treasured those, and yes, had a continuous active connection to them. Unfortunately they were all destroyed in a house fire. You can't replace those sorts of things.
certain goods can "enable new activities". It seems like the author is still prioritizing experiences, just acknowledging that some experiences require things. Camping is a good example.
I think the author misunderstands the original point though. Overconsumption generally leads to having a big collection of stuff, ever larger houses to store it. Having a reasonable collection of items that the user can leverage to have higher quality experiences, that are built to last where possible makes absolute sense. What is reasonable? That's for everyone to decide themselves. I don't find "buy things, not experiences" to add much to the discussion though.
Not sure that's true. Most people aren't particularly exploited by the toilet paper industry, are they?
Whether some industry is 'exploitative' is more of a function of whether its customers and workers have outside options available. Competition provides discipline.
He is dead-on.
Other's *Imagined misinterpretation, or is there some evidence to go on? To my knowledge, the recent push back against consumption was against the traditional life pattern of accumulating new things on the rat race track (new car, house, upgrading your tastes, expensive clothes to keep up with your peers). Having read some pop psychology books (no expert) there seemed to be some academic support for pushing back on this arrangement and rather prioritizing relationships with people around you and experiences / shared experiences.
I'm not sure how the wires get crossed and people take from that narrative, to own less and buy more prestigious items and experiences like an expensive haircut.
A minimalist can get rid of all the unworn clothes cluttering up the closet while also buying a sewing machine to make clothes the wearer truly loves. The advice to "buy experiences not things" shouldn't mean sacrificing the sewing machine and only use that money for a trip to see a Paris fashion show.
I think reasonable people already know that many hobbies require buying things.
There are other arguments against disposable goods, but I don't know if they're strictly worse than the experiences that the maxim seeks to replace them with. It's a lot easier to replace a pound of cotton than it is to take a flight's worth of CO2 out of the air.
Edit: rephrased a line.
I don't find this type of reasoning very persuasive. First of all, "experiences" like live music or tourism seem to be conspicuously absent ("education" is an experience?! healthcare? People want to pay for the experience to be in a hospital?).
This, in turn, makes me wonder what the author has in mind when he talks of "durable goods". A laptop? A camera? a fridge?
All of what I listed may not be durable forever, but for the cost they go a good while.
When I'm 80, I don't want to spend 80% of my wealth on living another year.
By this logic I should just lay down and die instead of trying to get better??
I was speaking in the general case about the point of medical care that doesn't balance out economically.
I'm not so nihilistic to say that people shouldn't live they life they have, but it's pretty well known the most expensive health care people get is usually right at the end of their lives. Chronic conditions aside of course.
It sounds like that's their choice, but made no mention of applying this to others.
Their scenario is an 80yo living for one more year. It sounds like that's significantly different than your scenario.
Usually - at least nowadays - you "buy" (i.e. put money and time) in pursuit of some kind of education (be it a degree or a Kubernetes bootcamp or whatever) in order to increase your chances to get a good job.
And even for stuff which is not about markeatable skills (like, I dunno, painting lessons) I doubt that the actual cost would be significant enough to make a dent in their investment opportunities.
Good to see that I'm not really alone.
What kind of photos/videos do you take with your camera/drone if you don't like traveling/visiting places?
In any case, the author makes the distinction between experience-like things. A camera is a perfect example of an experience-enabling thing. Photography and videography are experiences. I don't think anyone in the "buy experiences not things" crowd would discourage buying a camera, or something like say a surfboard, snowboard, basketball, woodworking tools, raspberry pi, etc since those enable experiences.
On the topic of travel - personally I think it's extremely valuable from a cultural/educational perspective to venture outside of one's city and/or country at least once in one's lifetime. I've spent the last 4 years traveling and living abroad, and while I wouldn't necessary recommend going that hard, I certainly wouldn't trade the experience for anything. Also, experience is more than just buying plane/train tickets and hotel rooms, nor do experiences necessitate travel.
I know for myself that a couple decades ago I excitedly rode the digital camera revolution and photographed/video'd family vacations (yeah, not very original of me). The photos now recall to my mind the heat and wind of Death Valley, the girls jumping on the beds in the hotel ... not the particular gear I was using.
When I buy a thing, I can use it for a while then sell it on eBay to recoup some of the cost. I can return it to the store if I don’t find it useful. With some items, I can share it with a friend and he can get the same utility from it. None of these things are true for purchased experiences.
I used to think I liked travel, but turned around later in life. To me, travel is nothing but stress. Let’s take a typical international trip: Big payment up front for plane tickets, hotel, rental car and so on up front, then you’re praying it all goes well. You can substitute travel insurance for prayer if you want to spend even more money. Then, the security/boarding circus of air travel. Then cramped seating and crap service in what has turned into a Greyhound Bus in the sky. Once you land, assuming the airline didn’t lose your bags, you and the rest of the cattle are marched through immigration and customs, where you pretty much have no rights as a human being. Finally you are in your glorious destination! Except you probably don’t speak or understand the native language so everything you do is going to be 5X more difficult than at home. You rent a car that’s not as nice/familiar as yours, stay in a hotel that just doesn’t have everything you’re used to at home. With kids in tow you’re desperately trying to keep everyone corralled together and (in some destinations) not kidnapped. Finally, you hit some tourist sites, lay on the beach, check out the local cities, whatever your goal was. Then, back to the circus to get home. COVID has added “pass last minute COVID tests or you are stuck without compensation” to the equation. By the time you’re home you are so thankful to get back to real life! Spent all that time and money for what? A memory that we can’t even sell on the secondhand market. Maybe 100 more photos on the phone which we might look at again sometime later.
Last vacation I took with my family, my spouse mentioned to me two days before it started “I can’t wait till this is all over and we’re back here at home again!” I agreed, and we both realized “why are we doing this??”
I often feel the same way about social engagements ("I hope the other party cancels so that I can just stay in and relax") which retrospectively were much more enjoyable than being alone at home.
I think both of these are about intentionally complicating your life for a period of time. Sometimes that's called for, but I can imagine if you're raising kids and working full time there's a real appeal to not complicating your life any further.
Agreed. The things I buy make my life richer in some way that matters to me. The person buying the Lambo presumably has his life made a little better for owning the car.
I know someone who, even though they had to sell their house due to loss of income, did not miss a single vacation (at least once each year, sometimes twice, to a resort) in the last 25 years. They told me, at least once when I was buying some new toy for myself, that experiences matter more than material goods, because "after all, you can't take it with you".
Then they got annoyed when I asked them if they thought that they're taking their memories with them.
Given a choice between blowing a ton of money on some ephemeral thing and only having a memory of it in return, and blowing a ton of money on some concrete long-lasting item, I will pick the item most of the time.
After all, the more assets you can leave your children, the better off they will be. They can also turn those assets back into money.
Maybe if I had my daily life more stressful or for whatever reason I didn't like where I was, I might find traveling more appealing. Maybe it's just me of course.
Of course, the by-product of owning a motorcycle is getting the experiences of riding it through beautiful canyon roads, feeling the wind on your body, and meeting new friends in the community. But it had to start with "buying things".
It completely altered my life, consciousness even.
If a Lambo can replicate that, I will gladly save money to buy one down the road.
And, of course, a lot of hotels along the way.
I also learned to eat entirely local, but this took time. The first 6 months of traveling Asia was an absolute nightmare for my gut. And I truly mean that. I don't even want to go into details because it was that gross.
But I understand what you are saying. I made some costly mistakes, especially in the first part of my journey. It certainly taught me a lot about myself in the process.
Buying experiences are short term value propositions for me, they're great while they last, but they tend to fade, and the absolutely best of them, those that fade slowly or not at all, those cannot be bought anyway.
Things on the other hand, are an investment in the future, it I buy an item, I will have many opportunities to derive value from it, at least as long as I can remember that I own it.
I don't think the argument applies to things like love, kiss, or any non-quantitative things.
Now it's only a sorrow memories, while 1TB Transcend StoreJet still holds them well [in .jpg and .mov form] and serves well to occasionally transfer files > 30Gb.
And I still have a couple t-shirts from that time, though relegated to in-house wear only, of course.
Now guess, how often do I look at them?
Instead of making a trip, why not just build something, like a program or learn to cook or make some sports goal or read up about some studies etc. All of those are free or saves you money and way more memorable and interesting than things people pay a lot of money for.
I still think about some conventions I went to where I got to meet friends I had only known through the internet. They were like ten years ago.
I went to a concert in 2019 for a band I wanted to really see and was (and still) and into, and stood right up front. I still think about that and it's driven me to see more shows. Now I have an amazing photo collage above my desk that I can see all the time and remember how awesome it was.
> Sure, one-off experiences are valuable, but I think they're overrated
One-off experiences are literally what your life is made from
In my humble world, going to a concert is great but when the concert is over, you're left with nothing, it was a one-off purchase. If you buy a house, you'll have a place to live until you decide to sell it, after you bought it, it's yours, your experience continues,it's not a one-off, you'll repeatedly have that experience every single day you wake up in that house...
I go for a run on the same route every saturday. In summer I go for bicycle routes on same routes. Repeating such experiences opens up an entirely new layer. Observing the nature change over the yearly cycle as well as longer times changes is very different from just having one-off experiences when you can't compose them into a bigger picture.
I had been getting more and more invested in minimalism and the buy experiences not things vibe when all of a sudden everything changed and now I'm happy with many of the things listed in OP.
I'm not going out to bars half of my nights. I can't even remember the last time I went to a bar. I have my beers at home, in the comfort of my living room.
All of a sudden I want more space, a bigger house, a backyard. A nicer, bigger, safer car.
It's just that my situation has changed.
Which is appealing but they all come with a price. Part of that price might include longer hours, working a job you don't like or an extended commute. None of that is good for your relationship with your kids.
If you have a functional kitchen and a home gym (or tennis rackets or cross-country skis), you might reduce your dependence on healthcare.
This part of the thesis is really twisted thinking. It exemplifies how healthcare is just an afterthought in certain places, until people become affected by the desolate condition of the US healthcare system themselves. I gather it's because in general healthy younger people don't think much about the ones that are disabled or have been hit with a health crisis (accident[0], cancer, psychosis). At that point the reflective reaction I see is to appeal to others (e.g. GoFundMe). I'd rather people think about and work towards having a health care system that shares the burden across the whole population.
Edit: Adding this for context [0]
In some areas I would be considered Spartan and in others indulgent. The key is paying attention to what things/experiences make you happy and spend your time and money there, regardless of what other people think.
Getting rid of your stuff should only be a priority if it brings you some quality of life improvement - otherwise buy all the stuff you want.
Further, the last decade I’ve spent a major part of my recreational time out with friends rather than sitting at home like Golem coveting his precious or Smaug content to be alone with my hoard of material possessions.
I guess, sure, if your life’s goal is to own a house in the suburbs and obtain the nuclear family with a spouse and 2.5 kids, where your neighbors measure your status based on your possessions, then this piece makes great points!
Otherwise, I call bullshit, because I’ve definitely made memories and stories I can look back at with more than fondness, that were amazing to experience, and just as fun to recount with friends now. I wouldn’t for a second trade those experiences for a new couch, TV, or sound system. IMO, OP is basing a lot of their opinions on relative uneventful life.
So you're not a creature of Hobbit?
"Buy experiences, not things" doesn't mean only spending money on experiences that leave no material effects, it means spending money enabling experiences rather than spending money that doesn't. There is no such thing as "thing-like experiences", there are experiences enabled by purchases. Merely purchasing amazing camping gear doesn't provide you an experience, but using it does and that's an experience you've spent money on, not a "thing-like experience". On the other hand, upgrading your phone one version is unlikely to enable the same increase in experiences.
Otherwise it would be hard to explain the current "pro" audio plugin market, for example. Neither hobbyists nor professionals need hundreds of compressor and EQ plugins but companies have figured out that they will nevertheless buy them if the price hits a certain low sweet spot. Unless it becomes an addiction, I doubt this really makes them unhappy. It's mostly just a harmless "waste" of discretionary salary.
Also, it really should be "buy neither". I'm trying to stop my bad buying habits this year, in part, because it's helping contribute negatively to climate change. Those games (or any good) have to be manufactured and transported, and use up precious resources we have on his planet.
But experiences (at least the ones most people think of when they say this, like long-distance travel) also contributes badly to climate change. Which is another thing I'm struggling with, because I've never really traveled outside the US (except a week in Canada, once), and I've been mostly stuck within a three state radius for the past two years. I've always valued other cultures and seeing the world, just didn't feel like I can afford to before, and now I have to feel guilty for wanting to do that while the climate change specter looms.
I may still let myself make a big trip or two at some point, as just watching other people do it on streams or whatever isn't quite the same, but my bucket list for travel was pretty long and it no longer really feels super ethical to burn a bunch of jet emissions just so I can see in person what the Angkor Wat ruins look like in Cambodia, as an example of what was on there.
There's probably lots to see closer them that people ignore because everyone keeps being encouraged to think big and grand with experiences. State parks can have some beauty in them as well, even if they're smaller and simpler, you don't always have to go to national parks or other countries to see nature. My wife and I did quite a few of those near us the past two years and there's still quite a few more we could explore within a two hour drive of us.
Most of the things I own are to enable experiences. I enjoy kayaking and backpacking. Is my kayak a thing or is my kayaking an experience. I'd say it fits both.
I sometimes even research things I don't really need at all just to find out what's the best one at a reasonable price. For example, I have pretty much the best metal pencil sharpener of the world attached to my table, use a mechanical keyboard, have a very neat monocular in my backback, have the optimal backpack, have a special sports fountain pen and the (for me) best pocket knife in my pocket, etc. Recently, I've bought inflatable solar-powered candle imitations that my girlfriend absolutely loves. I've even bought a printing adding machine, not the best but a fairly good one, and occasionally enjoy using it even though it's definitely the last thing I'd really need. It rattles in a pleasant way.
To cut a long story short, it seems obvious that life advice in both directions is somewhat shallow. Some people prefer to spend their money on traveling, others prefer things. Claiming that experiences are better sounds like a marketing ploy by companies who offer "vanity lifestyle products & experiences."
Ok so really what the original argument was saying wasn't the straw man of living like a stoic vs buying a better car or toaster. The original argument was taking time to experience the world is worth the cost compared to the alternative. That it's better to have a Honda instead of a Porsche if it means you had time to travel Europe and Africa for half a year instead.
And I mostly agree with that. I don't mind shelling out the dollars for stuff that really matters like my primary dev machine, or what have you, but I really don't need $500 sweaters, or a luxury car, even though I can afford it. The delta to my own enjoyment just isn't worth it compared to other priorities like travelling or helping someone out.
[0] e.g., horse plus cart is better than two horses or two carts.
I do it a bit myself, but I'm not going to pretend I'm better than someone else becausethey wastefully buy different things while I wastefully got to different places.
This is a joke, right?
This is a pretty “duh” statement. Of course people don’t want to get sick. But many illnesses are genetic, even illnesses that we presumably have some control over (like blood cholesterol levels or addiction). Many illnesses are caused by exposures and traumas in our childhoods where we had very little control in our life. Even lifestyle illnesses can be pointed to as coming from a place where one may not have been enabled to live a healthy lifestyle, due to ignorant raising.
The best way to have a correct program is not to write buggy code in the first place. /s
This seems like a silly argument. People don’t hear that aphorism and stop shopping.
The genesis of that aphorism is people buying into the lifestyle that modern advertising sells to you and feeling unsatisfied. Like something is missing. Turns out, having a ton of crap that was sold to you as being life changing is seldom so. But take a walk in the park on a good day; meet up with friends to just hang out makes you feel better.
That said, I do agree that the economy has “caught up” on that and is now selling experiences too. A vacation experience. A cruise experience. And so on.
The right attitude seems to be skeptical of anything advertised and try to find your own thing. Not to just give in to rampant consumerism.
I would also challenge the notion that city dwellers are setting the tone for this conversation. Very few Americans live in apartments willingly; it seems like a temporary thing; the goal is always to get a house. I doubt the apartment dwelling Americans are significant enough to set the cultural mores.
* enable an activity that I think I want to be able to do
* reduce my long term expenses
* improve my health
* be something that brings me immediate and almost tangible joy
Any of the above are enough to move it into the "capital expenditure" realm, and more than one is excellent.Expenses covers spending like food (mostly, though some kinds of cooking and eating fit into the above list), utilities, recurrent spending that I could imagine just doing without (Netflix), most conversations with professionals. It also covers equipment with a defined and relatively short life - a new bike is capital expenditure, but the tires are just expenses. A new water heater is capital expenditure (since presumably the old one has issues), but the energy to run it is an expense. A new pair of gloves that keep my hands toasty at 12k ft (4000m) in winter is a capital expenditure, but the laundry soap to clean them, and the nitrile gloves I use when doing oil changes are just expenses.
Obviously, many things fall between the cracks, but in general I find it useful to try to sort spending into these two categories before deciding on its value.
"Now that even the poor can afford material goods, let’s denigrate goods while highlighting the remaining luxuries that only the affluent can enjoy and show off to their friends."
The author turns to classism, claiming that experience-ism is some Rich person's luxury to put down the poor...this sentence comes across as assuming rich people delight in the misfortune of the poor. Further, he casts aside the obvious environmental degradation that the acquisition of things causes, claiming somehow that experiences are all heavily lush and use tons of resources.
"The advocates of the new minimalism are, by and large, urban dwellers..." Where is the evidence for this? He's just pulling this out of a hat.
Furthermore, he blurs the lines between experiences and things so far to make his entire argument banal. If, as he claims, things lead to experiences, and they're not mutually exclusive, then there's no counter-argument...all experience-ists are actually thing-lovers in disguise, because experiences rely on things to occur. This is like saying "everything is a thing, so experiences are a thing, check-mate".
To me, the author decided on the clickbait title, then wrote a few meager, one-sided points which don't hold water.
Yes, but that is the point - the economics of your life are not what makes you happy, at least not once you have some wealth.
When we are young, poor, or both, most of us are fighting to have enough money to cover our needs, and therefore economics are everything to our happiness. We work to get to the point where we are stable financially. But when we reach that point, happiness is no longer driven by economics. We've surpassed that hurdle. (And should be grateful for having done so, BTW... many people never get there.)
Once you are lucky enough to be past that point, your measuring stick should change to something that is not economic. Hence, the advice to buy experiences. This does not mean that investment in things is a bad financial choice. It means that investment doesn't drive happiness. Sure, take care of your nest egg, manage your finances, empower yourself to always stay above that hurdle... but also go out and do things and live a life that satisfies you.
Now, if owning more stuff truly satisfies you, fine. But for many people, it does not, especially as we get older and realize that all we truly have at the end of our life is our experiences.
I have a very good electric drill. Made in Germany, hammer function, Pobedit bits. For the last 3 years I've used it mostly to make holes in leather belts, about once a quarter. Because I don't have a "well stoked toolshed" with leather-hole-punching-tool among others, it seems.
Last week I needed to do some small maintainance and found out it wold be better done with a ratchet wrench. I ordered it online and they brought it in an hour. That's what "living in a prime location" means.
It also often comes with an ability to earn a prime salary and calling a specialist to do things like hanging paintings, fixing electric sockets and so on, while I may have an experience of walking with a friend in a nearby park. I really prefer that lifestyle.
Alas that wrench will collect dust in the closet for the next year at least. But I beleive that with stunts like one hour delivery we (as in "humanity") will eventually come to one hour rentals of things, so we will be able to spend even more on experiences. Can't wait for these times.
I would retitle the article as "Buy Experience-Like Things, Not Thing-Like Experiences". Or maybe "experience-enabling things" is a better way to put it.
I don't think anyone would ever discourage buying a piano, basketball, snowboard, camera, Raspberry Pi to tinker with, etc, because these all enable experiences that wouldn't be possible otherwise.
Things and experiences aren't inherently good or bad. It depends on the thing and activity. It's true that many experiences do require things (eg. having/renting a car to visit cool places), but many of the best experiences can't just be bought with money (the classic example being romance).
Personally, I focus my money on "reducing unhappiness" first, which includes buying things that seem unnecessary like a second chef knife to use when the first is in the dishwasher. Despite that, I feel quite minimalist in my day-to-day life as I try to be mindful of what I buy (change my mind).
If I can recommend a book on money and value, "The Geometry of Wealth" by Brian Portnoy is surprisingly deep on the subject of happiness. I thought it was about to how to invest according to your investor profile but it was more about finding what matters to you and aggressively move your money towards that. Also an interesting discussion of the two faces of happiness: hedonistic (instant gratification) and eudaimonistic (life contentment).
Something that happened 5 years ago is "recent". Something that happened 10 years ago is getting iffy. 20 years ago is so disconnected from the present that only skeletal memories remain, and even old pictures and writeups don't have the same impact.
It is possible to buy things that still give joy after 20 years. They don't have to be fancy. I have a particular Makita handheld electric drill (not the cordless variety!) that was the most pleasant to use electric drill I ever experienced after buying one 25+ years ago. Two others I showed it to immediately got their own. And that thing still works, and still gives me joy.
Drinking coffee is an experience that also requires things. It doesn't always require spending a lot more money or even getting a lot more equipment, but a great cup of coffee always involves focusing on the quality and little improvements you can make.
I think you'll find any real minimalism practice is more about minimizing low quality things and experiences to allow the things and experiences that remain to be maximally enjoyable.
- The experience of sleep requires a bed
- The experience of cooking requires groceries and kitchen tools
- The experience of being an elite requires a fancy diploma
And if the experience does not requires an asset, it is usually because you are borrowing (lending) the asset of another party
- The experience of consulting a psyghologist requires him to have a diploma
- The experience of traveling requires the airline business to maintain a fleet
- The experience of creating a startup to change the world requires borrowed equity at a given rate
I plan to discuss this stuff in my upcoming newsletter about personal finance. People who are all about 'buying experiences not things' are usually priviledged hot heads whose social and professional situation allow them pay high borrowing fees in order to not deal with the logistic of managing their own assets.
Also, the satisfaction ROI on that one thing you bought once drastically caves after a short while.
Surfboards, motorcycles, hell even some nice speakers. Those are things you buy once, yet provide continuous great experiences (at minimal extra cost) for many years to come.
Of course, traveling is amazing too, but a lot of people can get just as much satisfaction from "things". Personally, I think both are essential for a fulfilling life, but it's perfectly reasonable if people have different priorities.
But I agree with the author that the current trend of renting everything is difficult to understand. I can rent a kayaking experience for $70 a pop, or just buy a kayak for ~$1K. I've certainly used my kayak more than 15 times so I'm already ahead. And eventually I'll sell it for a reasonable percentage of purchase price. And meanwhile I can use it without restrictions which is a much more enjoyable experience (at the rental place need to return it before they close, can't use it at night, can't go to some areas, etc.)
For anything I expect to use more than once, I'd rather buy it to enjoy freely.
That is true. Like I have a board game hobby, and each one of those I buy is to buy a new experience, a new set of mechanisms, art, theme, etc. Now unfortunately a lot of what I buy ends up just sitting on shelves, because I have way too much of these to ever play more than a handful more than once every couple of years now, but at least at the time of purchase it was so I could have a game experience that I don't have access to yet (used to be I could count on some friends to get some games and experience it that way, but I've seen them a lot less since the pandemic, and a lot of what I buy can be played solo now).
Perhaps the best way to look at it is: pursue only those experiences *and* things which truly enrich your choice of lifestyle. In other words, don't get the fancy car _or_ go on the fancy spiritual retreat or whatever just because it seems cool/trendy/culturally-significant/etc. Ponder carefully how you want to live overall, and then make sure your current lifestyle matches what you decide to buy/do and where you decide to go/live.
> But what this rationalization ignores is the extent to which tools and possessions enable new experiences.
The opening paragraph mentions a Lambghini as being a poor buying choice because "it'll fade into the background" after a few weeks. I think back to my first car, a LeBaron Convertable that I bought with cash at seventeen. Considering where I live, owning a car for the first time was something that enabled experiences that I couldn't have had without it. The car, itself, faded into the background, but the experiences it enabled me to have did not.But there are some "things" that are new experiences on their own and don't fade into background if using them is something that brings you joy. About a decade ago, I purchased my first motorcycle. I fall into a little bit of depression when the weather turns to winter, stressing over the fact that it'll be months before I'll be back on it.
Back to the purchase I'm thinking about, now. I own a Future Motion OneWheel Pint. I purchased it more than two years ago. Over the last two years, if it's not snowing, I'm riding it every day. I ride almost the exact same route on this thing every time I'm on it. I'm using it for the experience of riding it and because the device offers so much to me as a rider, as I get better at mastering it, I experience new things. It is so much fun to use, in fact, that I'm looking at getting an upgraded version of the same board. I'd like to have longer range and slightly higher speed, but more importantly, I'd like to be able to ride with other members of my family at the same time on the same devices rather than fight with them over "who's taking the bike".
For me, I'm using this approach from now on: "prioritize purchasing things that are experiences on their own to use (my OneWheel), followed by things that enable new experiences (my car), followed by things that free up time to do the things I want to do, instead (my lawn care services)"
Buy things you really need. Buy experiences that you really, really want. But it should all serve the purpose of ideally not having to further buy something (or something similar) again the next week, month or year. Ideally, you're happy with what you have and what you've experienced and you don't need to repurchase that happiness over and over again.
And I think this is uncontroversial. The slogan "buy experiences, not things" is just a way to point out that the experience is the important part, and that the things, if any, just are means to that.
Basically a tendency for people "to quickly return to a relatively stable level of happiness despite major positive or negative events or life changes."
Do I buy things? Sure I do, but most of the things I buy are in service of some experience I wish to have. But I go to estate sales from time to time, where you see the collected detritus of a person’s life sold at ten cents on the dollar. Kind of puts it into perspective as the whole deal is a bit sad.
Blog posts are often just comments hiding from a reply mechanism and this is one of them.
It is an insightful observation that experiences can be empty and forgetful and thats a great conversation, it is almost insightful that people with prime inner city apartments are the ones doing it because they have no space for consumptive things while ignoring the greater discussion there.
I quickly realized I wanted to learn more about how to drive.
I went to a top-rated school for motorcycles just to make sure I could take experience from the best.
I came back and bought a better motorcycle, I decide to participate in my local championship in which I end up in third place.
I sold the Ducati.
I decided to buy a company.
I quickly realized I want to learn more about how to sell products.
...
So, I guess my life is a continuous oscillation between ignorance and satisfaction.
The author seems to be anti living in "prime" locations, at least that's how I read the tone when talking about the "downtown studio" with no space. I mean even if it is expensive, the whole point of that downtown studio is to enable experiences, either directly by gaining access to them or indirectly by simply giving you more time by reducing your commute (eg when I lived in NYC I quite deliberately lived a 5 minute walk from work).
Second, I can't help but think of the Fight Club quote:
> “The things you own end up owning you. It's only after you lose everything that you're free to do anything.”
I think observers miss this point when they see people living more alternative lifestyles (eg tiny homes, on a boat, in a van). All of those things you own require upkeep or even just space to store them. This is a drain on your income and if you want to keep having them it increases how much money you need to support them.
The only part I really agree with tangentially is the "overconsuming experiences". Like this is how I feel about people who climb Mount Everest. It's long since lost any achievement value really. I can't help but feel that "experiences" can reach a point of trying to fill a void that'll never be filled.
Aren't we ultimately just converting material wealth to digital wealth?
People just need a balance mostly.
But maybe these takes are assuming that nobody can afford to buy assets any more unless they already have them. Most people I know consider everything they buy to be an expense.
This one rings true, modern megacities make your overpay for the housing, which is tiny, so then you overpay for bar / pub / whatever
> A well-appointed kitchen [..] A toolbox [..] A hunting rifle
... one of these things is not like the othersConvince me that I am wrong.
I love to travel and I have taken many a fun and interesting course to further educate myself post university. And while I certainly don't regret any of it for second, I needed none of them and from a purely utilitarian point of view they where pretty terrible investments.
A few years back, maybe after reading Marie Kondo, I started the trivial addition of 'do I need this, or do I just want this' whenever I was thinking about buying something. Sounds stupid, but there were surprisingly many things (wow, that jacket?) that I really did not need. I did pass on a signed Elon Musk biography, though, which I regret to this day ;-)
That Lambo the author riffs about in the article? Absolutely an experience to be bought, if the money was there.
You can decide to go to Italy, be back tired and disappointed in 3 days, and then blame yourself for not getting the gas stove instead. Your point of view can change when you are much older, sure, but there is still a gap in the argument for why traveling is more worthwhile compared to buying stuff.
This. Dying is unlikely to be a pleasant experience, regardless of the number of your regrets
Many people, after they retire, feel like they lived a wrong life, full in work, and not experiences. Or, you know, THINGS.
What Really Matters at The End of Life:
https://www.ted.com/talks/bj_miller_what_really_matters_at_t...
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