Skip to main content

Why we're not happy with things

I've learnt some surprising and shocking things in this Yale University course on The Science of Wellbeing.

The professor gave the class the warning "Everything you thought was important for being happy is not".

Miswanting

We want the wrong things. Typically people think happiness comes from a good job, money, cool stuff, good grades, good looks etc. A range of studies show the effect of these things on our well-being to be either negligible, non-existent or even negative.

It reminds me of that quote "People may spend their whole lives climbing the ladder of success only to find, once they reach the top, that the ladder is leaning against the wrong wall".

4 ways our thoughts trick us

Our intuitions are often wrong - much like the way our eyes are tricked by optical illusions. Even if we know the trick, our eyes still get tricked by the illusion.

We judge things in relative terms rather than absolute. Bizarrely, many people would prefer a lower pay (if higher than their coworkers' pay) rather than a higher pay (if their coworkers received even more). It's a bit like this optical illusion where we see the orange circles differently because of the other circles around them. Even though they are the same.


We get used to stuff. New things quickly become just normal. Even if our salary increases each year, happiness doesn't - because we get used to the new salary. Even lottery winners, one year later, are about as happy as everyone else.

We don't realise that we'll get used to stuff. We think that the shiny new object (phone, car, house) will make us very happy for a very long time. Very quickly they go from "new car" to "car", from "amazing new house" to "home", from "new model phone" to "phone" to "this old piece of junk".

So what does cause happiness?

Our level of happiness is a combination of three things.

About 50% is our genetic 'set point' - we were born that way. 10% is life circumstances - the stuff that happens to us. The other 40% is our own thoughts and actions.

The 40% is the most interesting to me. It's a large section and it's within our control. So there are things we can do to be significantly happier. But they might be different things from the things we thought.

I'll get into that in part 2.

PS. Also, I highly recommend the course. It's free and potentially life-changing.

Comments

Popular posts from this blog

5 Reasons why we hoard - and they're wrong

"Less is More" is one of the catch-cries of downsizing. Often the fewer things we have the more we value them. So it's a great title for a book that's basically a manual for how to de-clutter your home. The introductory chapter of Less is More: How to De-clutter Your Life gives some great insights into why we find it so hard to reduce our stuff. Here are 5 of them - the last one is one of the biggest for me. 1. The cost of holding on. We were raised by our parents and grandparents and in their day items were expensive and space was cheap. It made sense in those days to hold onto stuff just in case you ever needed it. But today housing is expensive and items are cheap. It's hard to change a habit, but now we save much more by downsizing. 2. Keeping it in the family. For some reason we prefer to give things to those close to us. Again this was viable in the days of big families and lots of children to receive hand-me-downs. But these days we have smaller fa...

20 unplugged ideas

May 1-7 is Screen-Free Week . It's about spending time away from the screen and more time with each other - or doing things we love. It's a great chance to break the work-tired-watchTV-ads-shop-work cycle. This list of twenty alternative ideas is great for screen-free week. It's also a great reminder of things we could enjoy if we're shopping and spending less - and maybe working less and enjoying life more.

How much super will we have?

Will we be OK in old age? How much will we have? One of the great things about living in Australia is superannuation. Our employers are required to pay into an investment account for our retirement. In recent times, my wife and I have been in several conversations with friends who are wondering (or worried) if their balance will be enough. That's what inspired this article. Great question It's a great question to ask, especially around the age of 35 to 40. At that point, old age is less of a distant abstract concept. It's becoming a medium-term reality. At 35 the number of years of living off super is possibly more than half of your remaining years. At 40 you may consider yourself about half way through your working life. Looking at your balance, it's easy to think that twice that balance may not be enough.  Read on, because I have good news for you. It's better than you might think As I've mentioned in earlier posts, compound growth means the investment grows f...