Buy Experiences, Not Things

Blog1

A recent hot theme has been happiness and its relationship with money (reports here and here). These reports seem to align well with my thoughts on money. Namely, that investing in leisure activities makes people happier than investing in physical things. Sure, I would love a Lamborghini, but for the same price, I could take my friends and myself on an unforgettable vacation. 

Growing up, I was blessed with a family that understood the value of shared experiences. We lived modestly and chose to spend more on frequent vacations. One of the best things about vacations or any unique experiences is the stories. With new and exciting experiences you get to unlock a new story (like unlocking a Foursquare badge). Not only can you share these stories with the other vacationers, but storytelling can actually connect you to people who did not share in the experience.

These vacations and trips don't have to be extravagant. My friends and I still reminisce about our 4 hour Tahoe boat adventure. I have spent more time talking and laughing about the events that transpired that afternoon than the short 4 hour boat ride. These stories alone have strengthened many relationships and even formed some new ones.

So thank you to all the family and friends who have helped create these unforgettable experiences. It has surely contributed to my happiness, and I hope that I can (and do) return the favor. Create a great new story this weekend.