More Money, More Success, More Stuff?

Carl Richards is a financial planner, who I have referenced in the past.  Carl recently had an article published in the NY Times, which mirrored my client quarterly letter, Buying Happiness.

Here is an excerpt from his article:

We pass up life-changing experiences because we’re on track to become partner. We skip meaningful time with our families so we can respond to one more email. I assume this is all in pursuit of something out there that we think will make us happier.

Unfortunately, this pursuit is futile. In fact, academics have a name for this cycle, which involves fixating on what we don’t have, actually getting that thing, not ending up any happier and then fixating on something else. They call it the hedonic treadmill. 

The link to the full article is below:

More Money, More Success, More Stuff? Don’t Count on More Happiness, NY Times, July 25, 2016.

Carl Richards, CERTIFIED FINANCIAL PLANNER, and NY Times Sketch Guy columnist. Author of the The One-Page Financial Plan: A Simple Way to Be Smart About Your Money. www.behaviorgap.com.