When we spend money in less materialistic ways, it may actually promote eudaimonia - a sense of well-being and the feeling of flourishing and excelling in life. In three studies, consumers were asked about the emotions they experienced when contemplating an important purchase, while shopping for an important purchase, or when using the product after it was purchased.
After grouping the sample according to whether consumers reported either high or low levels of materialism, Richins found materialists experienced more positive emotion when contemplating a future purchase, and a decline in positive emotion after the purchase had occurred.
Maybe some people think that when one is rich, he can be healthy or it does not matter even if they have diseases because these rich men have lots of money to pay their medication. Good health is acquired from a healthy lifestyle progressively and not in a day.
With lots of money we are tend to temp ourselves to exotic, luxurious food.
Brock Bastian does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
The fact that that money can’t buy you happiness is generally well accepted.
Here are a few pearls of wisdom (well, at least, for the materialists among us): 1) Don’t rush into a purchase. If we don’t have too much of it, spend it on a good meal out or presents for our loved ones, and spend more time contemplating our purchases than shopping for them, we just may be able to maximise the happiness returns on our investments.
Spend time contemplating how much of a better person the new product will make you first. That’s seven days of happy expectation and probably the only return on investment you will ever receive! Putting something behind the counter and paying it off over time should maximise its happiness pay-offs. It will not only contribute to the pain of debt, but will rob you of the joy of contemplating the purchase while you diligently save for it.
They are considered the high class citizens who can afford large, expensive house with huge beautiful gardens. Most probably not because they are simply too busy with their work.
They frequently burnt the midnight oil in their work place.