The Money Mustache Community
Around the Internet => Mustachianism Around the Web => Topic started by: the_gastropod on July 25, 2017, 08:18:16 AM
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Just stumbled upon this study, which basically supports what mustachianism is all about—using money to buy more time is better for increasing happiness than using money to buy material goods.
http://www.pnas.org/content/early/2017/07/18/1706541114.full
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Juuuust came here to post this, as I've been discussing this with some friends. (Found on Hacker News.)
A Roomba was immediately proposed. This "finding" could be construed as anti-mustachian if you try, but I'd argue that, overall, reduction of spending so that you achieve FI buys you a huge amount of time. Alternatively, I couldn't think of anything outside of work that was burdensome enough that I really wanted to "buy my way out of it." Of course, things like a drill (electric screwdriver!) save you time on projects at home, enabling you to save money and take on projects that would be less feasible without it. So it seems like a reasonable example. I have a hard time thinking of other time-saving devices, but a few "everyday" items come to mind: washing machine/dryer, dishwasher, microwave. Oh, and car ;)
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Whoops! Looks like there's already a thread about this: https://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/how-money-can-buy-happiness/?topicseen
Sorry for the dup
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Ha - see, some people think the article is anti-mustachian. But I think they are missing the point. If money is spent to relieve time-related stress, it actually promotes happiness, which, as you intended, makes this a Mustachian article....