I’ve been something of a nagger , telling friends to not mortgage their lives for “toys“. The newest cameras, laptops, other gadgets. Most think that doing what I was saying is a way of taking the fun out of their lives. This is not what I am trying to tell them.
Sentences to ponder
Recent research by economists Amy Finkelstein, Erzo Luttmer, and Matthew Notowidigdo suggests that you’ll get a bigger bang for your consumer buck by spending while you’re healthy, before old age starts to take the fun out of life’s indulgences.
Here is more. I worry about the asymmetry between gaining happiness and avoiding pain. Surely money for the young is better for the former but how about the latter?