Buying Time Provides More Than Buying Objects

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Start 2022 with a new mindset of buying time instead of material objects. Researchers continue to find more evidence that for a fulfilling life one should eschew material gains for temporal gains. In practice this means that, when given the choice between spending your money on a consumer good or a an opportunity to spend more time doing something you enjoy, you should prioritize the activity instead of the object.

The key to buying time is to consciously decide how you will use the time your money freed up. Buying time will make you happier only if it feels intentional and purposeful–not because you don’t have the time, but because you want to use the time you have differently.

Instead of cutting the grass, you might decide (again, to make this work you have to decide) to spend the time with family or friends. Or working on that side project you can’t seem to get to. Or reading. Or working out.

In short, doing something you enjoy–doing something you want to do–with the time you bought.

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