As we close out our month exploring the intersection of money and happiness, we’ve learned quite a bit.
We’ve learned how money and happiness are linked and how a threshold level of income avoids unhappiness. We’ve also learned a few methods for getting more happiness out of the money that we already spend.
Last week we looked at where we should be spending more money to make ourselves happier and Tuesday we explored the issue of opportunity cost and where more money would make us less happy.
Today, we’re going to take a more complicated look at opportunity cost and tackle a very tricky issue that most people struggle with: weighing the short term against the long term when it comes to money and happiness. Continue reading “Balancing Money and Happiness Over Time”