Disagree. The last one is important.
You can buy a bigger and bigger house car tv stereo whatever, but it will not make you happy.
You can buy a bigger and bigger house car tv stereo whatever, but it will not make you happy.
Well that seems like an assumption! Plenty of people are happier with nicer things. I don't think we need to tell people what should make them happy.
Are they truly happier, in the sense of being more content? Or are they just deriving more temporary pleasure from the hedonic treadmill they're on?
You can probably tell which one it is, by how long their happiness with their house / car / TV / fill-in-the-blank lasts, before they start thinking about trading up to an even nicer fill-in-the-blank.
Buddhist monk Matthieu Ricard wrote a great book on happiness, here's an excerpt I enjoy which talks about the difference between pleasure and happiness, in two parts. [1] [2]
1. https://www.matthieuricard.org/en/pleasure-and-happiness-the...
2. https://www.matthieuricard.org/en/pleasure-and-happiness-the...
It's not a bout moralizing but recognizing how the reward centres of the human brain work:
* https://en.wikipedia.org/wiki/Hedonic_treadmill
I would recommend the recently published book The Art of Spending Money by Morgan Housel, or check out the interviews he's done in recent months on it:
* https://collabfund.com/blog/my-new-book-the-art-of-spending-...
It's not about being frugal or cheap or spendy, but on recognizing human psychology and what actually brings most people happiness. See also the 85-year Harvard study on the topic:
* https://pmc.ncbi.nlm.nih.gov/articles/PMC11575524/
* https://the-good-life-book.com
* https://news.harvard.edu/gazette/story/2017/04/over-nearly-8...
> The data showed the happiness gap between wealthy and middle-income participants was wider than between middle- and low-income participants.
And the apparent reason:
> He said: “A greater feeling of control over life can explain about 75% of the association between money and happiness. So I think a big part of what’s happening is that, when people have more money, they have more control over their lives. More freedom to live the life they want to live.”
https://www.theguardian.com/us-news/article/2024/jul/18/mone...
There’s many other research that corroborates this view. After some point increasing income didn’t increase life satisfaction. Usually somewhere in the low upper-middle class region.
That's the common assumption that this research repudiates.
> These findings are counter to a widely covered 2010 study that found happiness rises with income, but plateaus at around $75,000.
He studied much richer people:
> Killingsworth also used data from the ultra-wealthy (people with a median net worth between $3m and $7.9m), which is often lacking and difficult to obtain.
> The data showed the happiness gap between wealthy and middle-income participants was wider than between middle- and low-income participants.
> His study also found wealthy individuals were “substantially and statistically significantly happier than people earning over $500,000 each year”.
The biggest thing anyone can do in their life is figure out exactly what makes them happy, and spend their money there. Don't let society tell you. People on this site likely care about computers and spend a disproportionate amount of their money on them, and that's ok. I don't care about cars or TVs, but I care about experiences and comfort so will spend money on travel and upgraded plane tickets.
I also care about agency, so tend to save money rather than spend. I want the freedom it provides more than what it can buy - typically.
Maybe if the basic needs on the average person were taken care of then random displays of extravagant wealth would be acceptable. But when something as simple as getting a rotten tooth extracted or a filling on a front tooth is too much "luxury" for many working class citizens, it is a complete misallocation of society's resources.
They are happier… for a limited time and then want 'more':
* https://en.wikipedia.org/wiki/Hedonic_treadmill
'Upgrading' things can lead down a road where problems arise:
Before you go on about how saying it's "good" or "not good" is a value judgement that I'm not entitled to make -- you're damn right it is, and I'll do what I want.
Happiness is unsustainable. However, contentment is an attainable goal.
So no, not only 6 weeks
You are now unable to get joy from a TV smaller than the largest one you've ever bought. Many people are unable to get joy from a car costing under 10k, let alone 2k.
The things you own end up owning you.
You seem very sure about what does and doesn't make other people happy!
n=1. For the general population:
Speak for yourself. There are a lot of aspects to being happy, and having to not want for things certainly helps.
I even experience this with food. If I am on a strict diet for 2 weeks and then have a "cheat" meal, a previously normal meal feels like a satisfying feast.
If I splurge on food for 2 weeks, even 3/4th a pizza doesn't satisfy. I just want the other 1/4th.
It is really why we have so much wealth as a society but so much discontent. It is like believing there is some amount of alcohol that would satisfy the alcoholic. It just grows the desire for more while contentment is harder and harder to achieve.
I am pretty sure this is just a property of the dopaminergic system.
> But you can do that without any money.
Well...
Material things can contribute to happiness, or detract.
Balancing the things we spend our life on, relative to an understanding of what makes us happy, is going to be an idiosyncratic exercise. Assuming that X won't contribute to the happiness of person Y is some deep projection.
There seem to be many kinds of happiness too. Would I remain happy if I lost my house? Yes. I have gone through enough ups and downs to know that. But would I feel as fulfilled? No. I have gone through enough ups and downs to know that.
There are a lot of aspects to being happy, and having to not want for things certainly helps.
I would give you a better answer here but it appears you thought misquoting the conversation was clever so I'll simply leave you corrected.
I didn't grow up here—my wife did. Very early on, when I first visited Omaha, she drove me by his place. After three decades or so in California, I retired and we moved back to her hometown. Buffett is still there.
Hard disagree here.
Ask a 4 person family stuffed into a one bedroom condo if buying a larger 3 bedroom home would make them happier, I'd imagine to 99.99999% of them the answer is yes.
I upgraded my road bike 2 years ago from an entry level one to a nice racing bike and each weekend I ride a 100km route, that sure as heck makes me happier than riding the old slower and heavier bike.
We just took our extended family on a vacation for a week. Money sure as heck made us happier in that instance.
It is true that cash can't fix all issues in life but any one who says money can't make you happy is either lying or doesn't have money.
Run a simple thought experiment in your head. If you woke up tomorrow under crushing credit card and medical debt and it was suddenly paid off, would that make you happier?
Happiness is binary. You're either happy with where you are or where you're heading or you're not.
It sounds to me like you haven’t rode a bike in a long time. I recommend you try it and get back to me.
When I got my first bike as a kid, a cheap "mountain bike" with 24" wheels that probably weighed more than my current road bike, I was at maximum happiness. I was not at only 40% happiness because it didn't have a carbon frame or a Di2 groupset from the future. I was at 100.
Later when I got my first road bike I was at 100% happiness again. But nothing can make me happier than I was with that first, heavy bicycle-shaped object. It might equal it but it's impossible to surpass.
If a bigger house makes you happy because you have space for your hobbies and you don't need to fight with your family members for space, buy a bigger house.
The whole "money doesn't bring happiness" thing is bullshit unless you are a Buddha.
A mansion in Malibu isn't going to make me happy, because I wouldn't know what the hell to do in Malibu. An upgrade from a 2-bedroom to a 4-bedroom home with a garage so I don't have to smell laser cutter fumes anymore and hack a ventilation system out a bedroom window? That very well might.
As someone who upgraded from a 2 bedroom flat to a 3 bedroom house with a garage, I concur. Having a place to store my bikes and other “dirty” tools that’s not inside was such an improvement to my quality of life that I tell people to always look for a half decent garage when they buy. Especially if they also like cycling!