Philosopher Alan Watts on the difference between money and wealth

What would you do if money was no object?

  • Philosopher, Alan Watts believed we too easily mistake the symbolic for the real.
  • If money was no object, we'd seek what we truly desire.
  • Watts believed we can only have so much ostentatious consumption.
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Understanding the Complex Relationship Between Money and Happiness

Do you really need a lot of stuff to be happy? Science says that the opposite is true.

Rapper Notorious B.I.G. perhaps put it best... "the mo' money you make, the mo' problems you get." While most of us aren't hip-hop demigods, we all have experience spending money on things that we think in the moment will make us happy but end up being... just stuff. Because when people accumulate wealth, they tend to spend it on themselves. This might make you temporarily happy but it largely means that you spend more time alone with the things that you've bought. But Harvard Professor (and Harvard’s Behavioral Insights Group member) Michael Norton has found that the more people spend on other people or in an experiential way—be it a concert ticket or simply taking a friend out for lunch—the happier they are overall. Michael's has co-written a book that covers this and other subjects called Happy Money: The Science of Happier Spending. Professor Norton’s studies are cited in The Influential Mind: What the Brain Reveals About Our Power to Change Others by Tali Sharot.