What is the hedonic treadmill and what can you do about it?
The hedonic treadmill is, “The tendency of a person to remain at a relatively stable level of happiness despite a change in fortune or the achievement of major goals. According to the hedonic treadmill, as a person makes more money, expectations and desires rise in tandem, which results in no permanent gain in happiness.” (http://www.investopedia.com/terms/h/hedonic-treadmill.asp#axzz2N8qiC1F5) What I can do about it is realize that money does not buy happiness. The people that I know who think that money will buy them happiness are some of the most miserable people I know. I must admit, because of being around people like that, I once believed that I would be happier, “If only I had more money!” I now know that it was silly of me to believe that. Tommy and I currently live off of the least amount of money we have ever made and we are happier now than we have ever been!
That was an outstanding answer, Katherine! I have nothing to add. Well done!
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