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My Quotes in All the Money in the World: What the Happiest People Know About Getting and Spending

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All the Money in the World: What the Happiest People Know About Getting and Spending

Laura Vanderkam
the net result of this professionalization can be a sense of alienation when it comes to giving. You give the money and let the professionals take care of it. That doesn?t foster much of a sense of community for the majority of people, who aren?t also going to volunteer extensively with the charities they support. As Forbes noted, professionalized charity via United Way payroll giving was ?part of the dehumanizing process that afflicts modern life.?
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 2410-13 - Highlight on Page 167 | Added on Tuesday, June 26, 2012, 12:57 PM
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rise of such philanthropy raises serious questions about whether giving should center on our own happiness. The answer, I believe, is a qualified yes. This touch of selfishness may be disconcerting in a field that?s supposed to be about altruism, but when people can take charge of their own giving?feeling like philanthropists who have all the money in the world to give?they do more good in the long term than through more passive methods.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 2338-41 - Highlight on Page 163 | Added on Tuesday, June 26, 2012, 12:47 PM
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In general, people find that giving is most fun when done in ways that allow us to establish direct connections with the people and projects we support.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 2335-36 - Highlight on Page 162 | Added on Tuesday, June 26, 2012, 12:46 PM
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But humans are social creatures and operate under a basic need to feel connected to other people, to feel part of something greater than themselves. Small gifts can satisfy that need in a way that personal spending does not. Given how much effort we spend pursuing happiness?buying sleeker cars and bigger rings?the fact that spending a mere $5 on someone else can boost one?s mood suggests that we could save ourselves serious time merely by becoming more generous.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 2326-29 - Highlight on Page 162 | Added on Tuesday, June 26, 2012, 12:45 PM
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Personal spending was unrelated to happiness, whereas pro-social spending was associated with significantly greater well-being.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 2322-23 - Highlight on Page 162 | Added on Tuesday, June 26, 2012, 12:41 PM
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time is more valuable than the money saved?or even the short-term satisfaction gained by spending it.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 2199-2200 - Highlight on Page 151 | Added on Tuesday, June 26, 2012, 12:25 PM
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having specific things to look forward to massively increases your enjoyment of them. ?It extends the experience,? says Cassie Mogilner, a professor of marketing at the University of Pennsylvania?s Wharton School, who specializes in happiness research. ?The whole time you?re looking forward to it and anticipating it, you?re getting some of the benefits of the experience itself.?
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1692-95 - Highlight on Page 116 | Added on Tuesday, June 26, 2012, 12:02 PM
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The study I keep referencing of Texas working women, published in Science in 2004, found that, beyond obviously pleasurable activities like eating and sex, most of us are happiest when we are socializing, exercising, or engaging in spiritual activities.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1667-68 - Highlight on Page 115 | Added on Tuesday, June 26, 2012, 12:00 PM
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I know from personal experience that it becomes much harder to maintain minimalism when other people come into your life.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1647-48 - Highlight on Page 113 | Added on Tuesday, June 26, 2012, 11:58 AM
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When something is sitting on your shelf, you get used to it very fast,? says Sonja Lyubomirsky, author of The How of Happiness. ?It doesn?t give you the same thrill anymore,? whereas a memory can be savored and enjoyed over and over.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1612-14 - Highlight on Page 111 | Added on Tuesday, June 26, 2012, 11:57 AM
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One of the reasons houses have gotten bigger is because people want to get away from each other?s noise,
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1449-50 - Highlight on Page 99 | Added on Tuesday, June 26, 2012, 11:42 AM
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Spending half your budget on housing and transportation locks you into that level of income. What if you want to take a career risk, go back to school, or just take a sabbatical? A rainy day fund can cover a while, but bigger house and car payments deplete such a fund faster than smaller ones.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1392-94 - Highlight on Page 96 | Added on Tuesday, June 26, 2012, 11:37 AM
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a 2010 paper surveying dozens of experiments, professors Elizabeth Dunn, Daniel Gilbert, and Timothy Wilson identified several recurring themes of how money can encourage happiness?and how it can not. One key theme? ?As long as money is limited by its failure to grow on trees, we may be better off devoting our finite financial resources to purchasing frequent doses of lovely things rather than infrequent doses of lovelier things,? they write. ?Indeed, across many different domains, happiness is more strongly associated with the frequency than the intensity of people?s positive affective experiences.?
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1373-77 - Highlight on Page 94 | Added on Tuesday, June 26, 2012, 11:36 AM
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The average commute is now hovering at about 50 minutes per day (25 each way). People with train commutes tend to like them. People with car commutes, not so much. Driving itself is not unpleasant, but driving when other people are driving means battling traffic. We naturally adapt to most things that produce a steady state of unpleasantness or pleasantness. The push and pull of traffic, on the other hand, means every day is a new hell. Perhaps to ease the pain, we seek out more comfort in our cars?more space for hauling supplies in the back, more cup-holders, and movie screens for the kiddies,
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1349-53 - Highlight on Page 93 | Added on Tuesday, June 26, 2012, 11:34 AM
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in 2009, the average American family spent just over 50 percent of their total expenditures of $49,067 on housing and transportation (which comes out to 39 percent of the average pretax household income of $62,857).
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1244-46 - Highlight on Page 86 | Added on Tuesday, June 26, 2012, 11:23 AM
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I think the best way to save is not to focus on cutting small pleasures. Instead, keep your structural expenses (housing, cars) low as a percentage of your regular income, so you don?t have to worry about trivial expenses like lattes, even as you?re still putting money away. If your base income is too low for that to work, then look at ways to make more money. Lots of extra money if you can. This bonus money will be relatively easy to save.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1205-8 - Highlight on Page 79 | Added on Tuesday, June 26, 2012, 11:19 AM
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Having money means you don?t have to think about money, or at least you don?t have to think about money first. This is the appeal of the retirement concept?that you don?t have to do anything.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1174-76 - Highlight on Page 78 | Added on Tuesday, June 26, 2012, 11:17 AM
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The happiest people I know have figured out what they love to do so much they?d do it for free?and then have figured out a way to get paid for their avocation.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1128-29 - Highlight on Page 75 | Added on Tuesday, June 26, 2012, 11:14 AM
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Rather than being something we dread or merely deign to do, it can be a major source of joy in our lives. As Suzanne Braun Levine, a cofounder of Ms. magazine, said once of baby boomers, ?we have come to our 50s and 60s with a real appreciation of work. I don?t think there?s been a generation that has had so much experience with the concept of valuable work and the rewards of valuable work.?
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1119-22 - Highlight on Page 74 | Added on Tuesday, June 26, 2012, 11:13 AM
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I love this concept of encore careers. Of course, I do understand the appeal of taking a ?gap year? or so around retirement age to do all the traveling, golfing, and just sitting on the porch and relaxing that one might not do with a full-time job.
All the Money in the World: What the Happiest People Know About Getting and Spending - Laura Vanderkam Loc. 1104-6 - Highlight on Page 73 | Added on Tuesday, June 26, 2012, 11:12 AM
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