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be rich, or live richly?

June 30, 2008 by Cash 

4HWW was a real eye opener for me, putting into perspective what it truly means to live a rich life.  It has very little to do with a 7 or 8 figure portfolio. 

It has everything to do with having the freedom to spend your time as you wish.

It turns out it’s not just UM idol Tim Ferriss who recognizes this important fact;

Nobel Prize-winning behavioral economist Daniel Kahneman has found, however, that being wealthy is often a powerful predictor that people spend less time doing pleasurable things, and more time doing compulsory things and feeling stressed.

Rich people spent much more time commuting and engaging in activities that were required as opposed to optional. The richest people spent nearly twice as much time as the poorest people in leisure activities that were active, structured and often stressful — shopping, child care and exercise.

Find out more via the Washington Post

 

 

Comments

2 Responses to “be rich, or live richly?”

  1. Greg on July 1st, 2008 8:34 am

    I need some rich living.

  2. Justin Chen on July 2nd, 2008 11:54 am

    Totally agree. I’ve felt that way after reading 4hww too. It’d rather make less but have more free time to enjoy things and be less stressed. Lifestyle flexibility really is priceless.

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