Tuesday, May 17, 2011

Wealth not as satisfying as you thought

Why?
Because after a certain point, increases in wealth improve your happiness only briefly, due to a pair of forces know as hedonic adaptation and social comparison. In other words, the excitement of the riches quickly wears off and there is always someone have more.

So i suggest we sould only strive to reach a point where additional wealth will not longer provide you with any phychological or emotional benefits. Steady income and independance is what we should aim for.

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