okw2012
Mouseketeer
- Joined
- Jul 10, 2012
- Messages
- 496
If money does not make you happy, then you probably aren't spending it right:
http://www.mind-meditations.com/wp-...-Money-Doesnt-make-you-happy.Nov-12-20101.pdf
This scientific paper published in the Journal of Consumer Psychology is part of the reason I finally decided to become a DVC member!
Summary of the paper [I added the text in bracket - everything else is straight from the paper]:
The relationship between money and happiness is surprisingly weak, which may stem in part from the way people spend it. Drawing on empirical research, we propose eight principles designed to help consumers get more happiness for their money. Specifically, we suggest that consumers should
(1) buy more experiences and fewer material goods [eg going to WDW / buying DVC];
(2) use their money to benefit others rather than themselves [eg invite family/friends to WDW - don't overcharge for points rented to family/friends];
(3) buy many small pleasures rather than fewer large ones [eg three Mickey waffles];
(4) eschew extended warranties and other forms of overpriced insurance [eg don't buy expensive travel insurance - except maybe medical];
(5) delay consumption [eg plan your WDW vacation 11 months ahead];
(6) consider how peripheral features of their purchases may affect their day-to-day lives [eg OK like living on the DISboards - point well taken];
(7) beware of comparison shopping [eg wondering each time if it would be a better idea to stay offsite when travelling to WDW];
and (8) pay close attention to the happiness of others [eg ask your kids/spouse which rides/shows/TS they want to do instead of planning everything yourself!].
http://www.mind-meditations.com/wp-...-Money-Doesnt-make-you-happy.Nov-12-20101.pdf
This scientific paper published in the Journal of Consumer Psychology is part of the reason I finally decided to become a DVC member!
Summary of the paper [I added the text in bracket - everything else is straight from the paper]:
The relationship between money and happiness is surprisingly weak, which may stem in part from the way people spend it. Drawing on empirical research, we propose eight principles designed to help consumers get more happiness for their money. Specifically, we suggest that consumers should
(1) buy more experiences and fewer material goods [eg going to WDW / buying DVC];
(2) use their money to benefit others rather than themselves [eg invite family/friends to WDW - don't overcharge for points rented to family/friends];
(3) buy many small pleasures rather than fewer large ones [eg three Mickey waffles];
(4) eschew extended warranties and other forms of overpriced insurance [eg don't buy expensive travel insurance - except maybe medical];
(5) delay consumption [eg plan your WDW vacation 11 months ahead];
(6) consider how peripheral features of their purchases may affect their day-to-day lives [eg OK like living on the DISboards - point well taken];
(7) beware of comparison shopping [eg wondering each time if it would be a better idea to stay offsite when travelling to WDW];
and (8) pay close attention to the happiness of others [eg ask your kids/spouse which rides/shows/TS they want to do instead of planning everything yourself!].