Yesterday morning on my weekly Global TV segment, I shared the latest research out of Cornell University. The studies are in on money and happiness: People Who Spend Money On Experiences Instead Of Things Are Much Happier.
When it’s payday and that paycheck gets deposited into you account, do you run out to buy a great pair of shoes, or a nice handbag? Or do you save up for an experience? If given $400 – would you spend it on an iPhone or a plane ticket to somewhere you’ve never been before to experience a new city? Does your money go toward THINGS or EXPERIENCES? Because the latest research is telling us, we’ll be much happier if we collect LIFE EXPERIENCES over THINGS.
It is said experiences sustain your happiness for much longer than purchases on your wish list – experiences such as art exhibits, doing outdoor activities, learning a new skill, or traveling. (Cornell University).