I think we all know that money can buy a measure happiness, or at least that is the way it seems. We all need a certain amount of money. In this world we all have needs that money can fulfill. Look at the basics, food, clothing, and shelter. If you can add to that a few little luxuries like a cell phone and a TV service, you can reach a level of happiness. Without those things, most people would be less happy, maybe even unhappy.
If we baseline that point, then we add some more money, happiness seems to rise right in step with the money. But only up to a certain point. There is a sweet spot where we have what we need, then a little more for some extras based on individual wants. Then there is a topple over point where more money does not necessarily mean more happiness. We have all seen this with the very rich where no matter how much they have, they are simply not happy.
Part of the problem is we get used to the material things we own. What may have been very exciting in the beginning when we bought it, now becomes routine. It takes a bigger and better item to find that excitement again. Therein lies the trap. The same trap that many have found themselves in. Owning more material things than they need by far, and most time getting into debt for that.
It’s OK to like your material stuff, they even can feel like part of you, even though they are not.
Here is where we can learn some lessons from the Millennials. They have found that because of changing economic conditions, and also because employment insecurities are now so prevalent, there is another way of looking at possessions and lifestyles. They are far more independent and not afraid to think different. They have chosen not to feel the same pressures to display a showy success like former generations. They have found that there is an attainable balance point where,
Statistics are proving that Millennials identify themselves with ‘experiences’ instead of ‘things’.
Experience with other people are so important. Have you ever met someone when on a vacation with whom you form a life long friendship?
There is also a time factor, a ticking clock so to speak. Do you want to spend your precious life gathering and storing up material things? Or, rather would you spend more of it experiencing life, doing things that others only dream of doing? I don’t mean staying in 5 star accommodations and living on room service. (A little of that can be fun, however.) But just like finding a balance in owning material things is achievable, it is also possible to find a balance in traveling, visiting friends and family, and absorbing life, instead of watching it roll by.
Randy Marmet CEO
Transcend Tiny Homes