When we focus on wealth inequality, we always focus on the people above us.
We think of Occupy Wall Street protesting outside of investment banks. We think of Bernie Sanders gesticulating wildly while telling us about millionaires and billionaires. We think of Mitt Romney and friends with money coming out of their suits.
Imagine for a moment that you are in the market for a new suit. You find one that you like for $200. A fellow customer then tells you that the same exact suit is on sale across town for only $100. Do you go?
Imagine that you are buying a new car. You’ve done your test drives and made a final decision on which make and model you want. You go to the dealer near your home to find that the car costs $30,000. A salesman sees you eyeing the car and says, “My manager would kill me for saying this, but the dealer on the other side of town has this model for $29,900.” Do you go? Continue reading “Your Instinctive Thinking Is Losing You Money”
You may have noticed that the last few days have been quite geared towards consumerism.
First, you had Black Friday, which in many places now actually starts on Thanksgiving.
Next came Small Business Saturday, which came about as a response to Black Friday intended to help smaller companies keep up with the big box stores.
And finally, yesterday, we had Cyber Monday, when the online retailers follow suit.
That’s quite a few days aimed directly at getting us to buy more things.
If you’re frustrated by the increasing consumerism and focus on buying stuff that has consumed the weekend after Thanksgiving, you are not alone. One group is trying to shift the focus from consumerism to charity. Continue reading “Happy Giving Tuesday!”
In looking into ways of dealing with disappointment we explored the Stoic practice of imagining the things that could go wrong in our lives. This is a great tool for helping us blunt the painful feeling of disappointment that accompanies loss.
However, this is not the only benefit to this practice.
Hello, friends! If you are an American reader, then happy election day! Please make sure you go out and vote today. I know that this election season has been long, draining, and often demoralizing, but sitting out the election is giving up your chance to weigh in on who should make and enforce the laws. These choices matter! Especially at the state and local level. Google “my ballot” and enter your address for a run down of every office and referendum that you get to vote on. Do your research. Vote. It really does matter.
Now on to your regularly scheduled programming:
I am a person who generally makes decisions based upon logic and rational factors. As such, I avoided trying meditation for a long time. How could doing nothing for a stretch of time every day actually help me?
Today I want to revisit the world of housing. As an (almost) 30-something, buying a house is something that I have spent significant time thinking about. If my Facebook feed is any indication, then I am not alone in this.
Hedonic adaptation is the human ability to get used to pretty much any situation. This can be great when bad things happen to us.
One study measured the happiness of people with end-stage kidney disease against the happiness of healthy people. The kidney patients had to spend nine hours per week going through hemodialysis and stick to a strict diet. Both the kidney patients and the healthy controls felt that the healthy people would be significantly happier.
But they weren’t. Despite everything that the patients had to go through, they were just as happy as their healthy counterparts. They had quickly adjusted to their new situation and had adapted to it.
This is a really powerful ability! We can be happy regardless of what we are going through!