Money and happiness. My blog has been a journey to find a balance between these two things for me. I love when writers like The Happy Philosopher explore this relationship.
Key points:
- The value of money changes with respect to utility and time depending on how you use it.
- Money is really a representation of our time. Money is a store of value. We trade time and energy (our life energy) for money – with the expectation that we can trade it back to other people in the future for either stuff or their energy.
- Each additional dollar acquired becomes less valuable because it brings us a smaller bit of utility than the one before it. Each unit of time we trade for that depreciating money is more precious.
Read the full article here:
How Understanding the Marginal Utility of Money Will Make you Happier
