Infinite Games
youngmoney.co
Infinite Games
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Re: Infinite Games
#2The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow.
Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
Re: Infinite Games
#3The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
IMHO, it's not happiness that increases but the general life stress that decreases with increasing income. Probably, most people conflate that with happiness?
Re: Infinite Games
#4The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
Money can't buy happiness but it's really good at fixing problems.
If your unhappiness is caused by your car being broken down, money can buy that.
Not having money to fix your basic life problems with is probably one of the biggest sources of unhappiness in the world.
Re: Infinite Games
#5The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
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Re: Infinite Games
#6The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
IMHO, it's not happiness that increases but the general life stress that decreases with increasing income. Probably, most people conflate that with happiness?
Ding ding
Re: Infinite Games
#7The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
Money can't buy happiness but it's really good at fixing problems. If your unhappiness is caused by your car being broken down, money can buy that. Not having money to fix your basic life problems with is probably one of the biggest sources of unhappiness in the world.
Yeah I think the common trope needs an update.
Money doesn't buy happiness, it removes a lot of unhappiness
Re: Infinite Games
#8The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
I don't think that bit is about income, rather about chasing finite goals to find happiness on the other side.
It's certainly a trope that many achievements can leave an empty feeling in the space that chasing that dream used to occupy. I think the warning here is not to make your life unbearable to chase happiness after some arbitrary achievement. But I think the advice I appreciate more is just to make sure you're also enjoying the journey, and that you diversify your streams of contentment.
It's nice to have stuff that brings you joy while you search for something new after achieving something you had been focussing on.
Re: Infinite Games
#9[dead]
Re: Infinite Games
#10The most dangerous story that’s ever been told is happiness lies just beyond achievement. And you can spend your whole life following that story just to find that there really wasn’t a pot of gold at the end of the rainbow. Hmm...but the evidence suggests happiness increases with income, even above $500k/year for some people. Maybe not a pot of gold, but having more money can make life easier anyway.
Last time I checked, Nobel Prize Daniel Kahneman published a study[0] in 2010 on 450'000 Americans concluding that people's emotional well-being increases with log(income) but stops increasing at around $75k/year.
Has this changed this dramatically during the past decade?
[0] https://www.princeton.edu/~deaton/downloads/deaton_kahneman_...