The economics of happiness

EconomicsFrom Venitism

Conventional wisdom says that money can’t buy happiness. In fact, research shows that money can make us happier—but only if we spend it in particular ways.

In their book “Happy Money: The Science of Smarter Spending“, authors Elizabeth Dunn and Michael Norton draw on years of quantitative and qualitative research to explain how we can turn cash into contentment.

The key lies in adhering to five key principles:

Buy Experiences (research shows that material purchases are less satisfying than vacations or concerts);

Make it a Treat (limiting access to our favorite things will make us keep appreciating them);

Buy Time (focusing on time over money yields wiser purchases);

Pay Now, Consume Later (delayed consumption leads to increased enjoyment); and

Invest in Others (spending money on other people makes us happier than spending it on ourselves).

“One of the most common things people do with their money is get stuff,” explains Norton, an associate professor of marketing at Harvard Business School. “But we have shown…in research that stuff isn’t good for you. It doesn’t make you unhappy, but it doesn’t make you happy. But one thing that does make us happy is an experience.”

From Venitism

HOWEVER

It’s not just individuals who should be thinking about investing in experiences when making purchasing choices. Policy makers should also keep this reasoning in mind for their communities. When there are plenty of parks, bike and hiking trails and other recreational opportunities available in the community, you can expect to have a happier population.

Happy

From Colour ME happy

Have a Happy Weekend

🙂

THE END

Gardening for peace and love

Gardening

From Hippie Peace Freaks

* * *

Seattle’s First Urban Food Forest Will Be Open To Foragers

Now, Washington state has jumped on the foraging bandwagon with plans to develop a 7-acre public plot into a food forest. The kicker? The lot sits smack in the middle of Seattle.

The idea is to give members of the working-class neighborhood of Beacon Hill the chance to pick plants scattered throughout the park – dubbed the Beacon Food Forest. It will feature fruit-bearing perennials —  apples, pears, plums, grapes, blueberries, raspberries and more.

A Food Forest is a gardening technique or land management system that mimics a woodland ecosystem but substitutes in edible trees, shrubs, perennials and annuals. Fruit and nut trees are the upper level, while below are berry shrubs, edible perennials and annuals. Companions or beneficial plants are included to attract insects for natural pest management while some plants are soil amenders providing nitrogen and mulch. Together they create relationships to form a forest garden ecosystem able to produce high yields of food with less maintenance.

(From Beacon Food Forest)

Ubuntu: I’m because WE are

ubuntu

UBUNTU-

An anthropologist suggested the following game to a group of children in a tribe in Africa: He placed a basket full of fresh fruits under a tree. He then said that whoever reached the basket first in a race would be the winner of all the fruits.

As he gave the signal to begin the race, the whole group held hands, ran bonded together and then sat and enjoyed the prize together.

When he asked why they had done such thing, when he had offered the possibility to one to be the ultimate winner.

They replied: ” UBUNTU”– how could one of us be happy (feel happiness) while the rest are in despair, unhappy?

UBUNTU in the Xhosa culture means: “I am, because we are.”

BloggoUBUNTU, dear fellow bloggers 🙂

THE END

Livin on a Prayer…

 

Always loved this song and admired the singer Jon Bon Jovi, who is making a real difference “one soul at a time”. Check out Jon Bon Jovi Soul Foundation that runs a number of interesting projects including Soul Kitchen – a community restaurant with no prices on the menu; customers donate to pay for their meal or volunteer work in exchange for their family’s meal. Volunteering at Soul Kitchen can also lead to qualifying for job training.