Got your mind on your money and your money on your mind but still not happy?
Maybe it’s time to stop being so focused on dollar bills and more on valuing time. Recent research indicates that by valuing time over money, we are more prone to be happy. With depression seeming to be on the rise, maybe it’s time to make the change!
Time Or Money?
Brand new research published by the Society for Personality and Social Psychology looked at over 4,600 participants. The study found that around 50% of the participants valued time more and obviously the other 50% valued money more. The main finding was that prioritizing time was associated with greater happiness! As you would have guessed, older people were more likely to value time over money as opposed to younger generations.
Lead researcher Ashley Whillans said, “As people age, they often want to spend time in more meaningful ways than just making money.” She went on to say, “Having more free time is likely more important for happiness than having more money. Even giving up a few hours of a paycheck to volunteer at a food bank may have more bang for your buck in making you feel happier.”
Valuing time over money… obviously this is easier said than done, with all the bills that pile up at the end of the month. As they say, “Too much month at the end of the money!” That being said, if we wish to increase our happiness we can start to work a few less hours a week and spend that time with loved ones or volunteering. Instead of working 50 hours per week cut back to only 48 and do something meaningful with those extra hours.
If you simply can’t cut back on your hours at work, you could also cut back on the work you perform at home. For instance, instead of spending 2 hours cleaning the house each Saturday, hire a service to do it for you. Instead, of mowing the lawn for 4 hours each week, hire a landscaping service. This will give you more valuable time to spend with your loved ones!
Heck while we are at it, why can’t we use that extra time to exercise? We all could probably use a few more hours of exercise each week and this could be the perfect opportunity. Not only will it improve your overall health, it will help reduce your stress, and clear your mind! So in essence you end up de-stressed and happier… hmmm… seems like a good plan to me!
If you feel like you are stuck in a rut, try not being such a workaholic (this coming from the guy that worked 60 hours last week) and start working on being happy. No you don’t have to take 10 hrs off of work each week, find a more efficient way to get your house chores done so you have more free time. Either way, as we get older it seems that time finally helps us realize that it is way more important than money. Hopefully we don’t realize this before it’s too late!