Emphasis on making money sacrifices happiness

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Is your free time "free" or do you assign a value to it? It may be harder for people who view their personal time as having value, specifically value to make more money. People who feel this way have a difficult time relaxing and enjoying themselves. Happiness may in fact be elusive.

“Treating time as money can actually undermine your well-being,” said Sanford DeVoe, one of two researchers at the University of Toronto’s Rotman School of Management . DeVoe and PhD student Julian House conducted three experiments. In each group a subgroup was asked to think about their tie in terms of money. They showed impatience and lower satisfaction during leisure activities. When these participants were paid to enjoy their time, their impatience decreased and they were able to report satisfaction.

As hourly jobs increase and more and more people are subsidizing primary income with secondary jobs, this way of thinking about time may become more common. As more people ask themselves, “How can I maximize my income earning potential?” or “How can I make the nonproductive time productive?” the tendency to view leisure activities as a waste or a missed opportunity could increase.

The tests showed that thinking about time in terms of money “changes the way you actually experience tie,” concluded DeVoe. “Two people may experience the same thing over the same amount of time, yet react to it very differently.”

People need to evaluate the amount of happiness in their lives and be mindful that the “free” time really does have value and simple enjoyment of life – away from making money – has real healthful benefits.

Source: MedicalNewsToday, Rotman School of Management

 
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