Dollar Sense

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The best things in life

“The Liege psychologists propose that, because money allows us to enjoy the best things in life – we can stay at expensive hotels and eat exquisite sushi and buy the nicest gadgets – we actually decrease our ability to enjoy the mundane joys of everyday life. (Their list of such pleasures includes ”sunny days, cold beers, and chocolate bars”.) And since most of our joys are mundane – we can’t sleep at the Ritz every night – our ability to splurge actually backfires. We try to treat ourselves, but we end up spoiling ourselves.”

The quote above comes from an article inWired magazine, and it is about a group of scientists who are trying to understand why people who have more money and are very wealthy seem to be less happy. I was going to read the whole article, but I read that first sentence, and I immediately began to pen this blog post, because the article’s foundation is so utterly and reprehensibly wrong.

It is wrong because of it’s fundamental premise, revealed in the opening statement: “money allows us to enjoy the best things in life”. Thus, the scientists' fundamental premise is that money (LOTS of money) allows you to enjoy the best things in life. Thus, sleeping at the Ritz is a superior and more joyful experience than “mundane” joys (like cold beers) and if you have these “superior” experiences in excess, then you will no longer enjoy the “lesser” joys in life.

I wanted to punch the screen because this is a lie. Read more »

Buyer Beware

Listen. I get it. I like things that are on sale. I buy things that are on sale. But truth be told, I have a great distrust for things that are "on sale". This is because I spent most of my life buying things that are on sale, only to watch these items crash and burn to a fantastic death. Eventually, I realized that there is a cost to almost everything that is “on sale”.

Everybody loves a sale because everybody thinks that a sale is a deal, but everybody is wrong. Read more »

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