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by bsmith
4356 days ago
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I think the point is that your middle-class life is an "exploding volcano of wastefulness" and you can make a lot of decisions that reduce your expenses without sacrificing much, if any, quality of life. For example, living closer to work and riding a bike or walking instead of driving a car everywhere—makes you fitter, happier, and saves you cash. Sure, he takes it to an extreme not all could stomach, but there is practical advice in there for almost anyone in my opinion. |
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I think the optimal spending for most people -- i.e., the amount of spending that would maximize happiness -- is far lower than the amount that most people actually spend (in large part b/c people work at jobs they don't love to earn money to buy stuff they don't need). Much of it is wasted on mindless luxury that people come to believe is necessary and that doesn't really increase happiness because of hedonic adaptation: http://en.wikipedia.org/wiki/Hedonic_adaptation Here's Mr. Money Mustache's piece on hedonic adaptation: http://www.mrmoneymustache.com/2011/10/22/what-is-hedonic-ad...