← The Happiness Lab with Dr. Laurie Santos

Demonic Possessions

Jun 15, 2020 25m 17s 11 insights
<p>Cait Flanders went deep into debt so she could buy all the clothes, books and gadgets she thought would make her happier. It was only when she junked it all that she found that 'doing' rather than 'having' is a better way to spend your salary.</p><p>Dr Laurie Santos examines why investing in experiences like concerts, vacations and dining out can give us a long-term happiness boost that buying things just can't match.</p><p>For an even deeper dive into the research we talk about in the show visit <a href="https://www.happinesslab.fm/">happinesslab.fm</a></p><p> </p> Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
Actionable Insights

1. Choose Experiences Over Possessions

To maximize happiness from spending, prioritize experiential purchases like travel or dining out over material goods, as experiences lead to lasting satisfaction while material items cause hedonic adaptation.

2. Cultivate Gratitude from Experiences

Actively reflect on your experiential purchases and memories, as this practice inspires more gratitude than reflecting on material items, leading to positive outcomes like increased generosity and better treatment of others.

3. Buy Socially Connecting Experiences

Seek out purchases that promote social interaction or can be shared with others, because experiences enjoyed with people or discussed afterward bring more joy than solitary material items.

4. Savor Pre-Experience Anticipation

Actively look forward to upcoming experiential purchases, as the waiting period for experiences is a positive state filled with excitement and delight, unlike the impatience often associated with waiting for material goods.

5. Adopt an Essential-Only Shopping Ban

Implement a strict shopping ban, only purchasing absolute essentials like groceries or gas, to reduce debt, break consumption habits, and realize you need fewer material things than you thought.

6. Radically Declutter Your Home

Aggressively remove unnecessary possessions, aiming to get rid of a significant portion of your stuff, as this can make your living spaces feel lighter, more inviting, and reduce mental clutter.

7. Embrace Minimalism for Freedom

Intentionally live with less material stuff to gain freedom, which can include financial savings and mental space, enabling you to pursue dream goals like a new career or extensive travel.

8. Travel to Broaden Experiences

Use saved funds to travel and experience new countries and cultures, as these experiential purchases can make you feel more like yourself and create more joyful, lasting memories than material possessions.

9. Reframe Possessions as Experiences

Shift your perspective on material items by construing them in terms of the experiences they enable, rather than just their features, to derive more happiness from what you already own.

10. Retain Experiential Material Objects

When decluttering, keep material objects that serve a purpose or are imbued with significant meaning, especially those tied to shared experiences or memories, as these provide lasting appreciation.

11. Repair and Appreciate Current Items

Invest in repairing and maintaining your existing possessions, like an old car, to foster gratitude for what you have and reframe your perspective on their value, rather than constantly seeking new items.