1. Spend Your Money On Experiences, Not Goods

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Moscow Institute of Physics and Technology (State University)

Department of Common and Applied Physics

Presentation at the department of foreign languages

How to fix the obesity crisis? based on original article

by Ruth I. Karpinski

https: //www. sciencedirect. com/science/article/pii/S0160289616303324

Guzik Sofiya

Gr. 727

Moscow, 2020

Good morning! My name is Guzik Sofiya. I’m a third-year student at MIPT, Department of Common and Applied Physics. The subject of my presentation is what actually happiness depends on and is it possible to buy

happiness. I want to speak about it because it is quite obvious that the topic is interesting for everyone: no matter who you are, how old you are etcetera. All we just want to be happy but sometimes it is difficult to find the reason or even realize that something that seems to bring you happiness is actually a fake and won’t satisfy you.

“Money can’t buy happiness. ”We hear it all the time. But is it actually true? I hope to clear the question up.

My presentation will last for about 15 minutes and you are welcome to ask your questions after. I’d like to start with the formula of happiness and talk about each variable. Secondly, I’d like to answer the question what actually makes us happier: spending money or saving them. Lastly, I would like to focus your attention on the main advices for us to be happy.

Slide

Let’s move on to the first part of my presentation and try to understand the formula for happiness. Don’t worry, it’s pretty simple…Happiness researchers have found out that happiness is influenced by three main variables as shown on the following picture. In short, your happiness is determined by your genes, your external circumstances (e. g. money, education, age), and your behavior (your thoughts and actions). Let’s speak a bit about each.

Your genes account for 50 percent of your feeling of happiness. It’s just natural. Some people are born happier than others, just like some are born more intelligent, bigger, smaller, and so on.

The good news is that the other half of your happiness is completely under your control.

External Factors (amount of money, housing, car, marriage, education, age, the city you live in, etc. ) cover a surprisingly small amount of your happiness, only 10 percent.

Whether you drive a Lamborghini or Lada, whether you’re handsome or plain, whether you live in a cold or hot climate, whether you’re young or old – this is not so important in determining your happiness.

Your behavior – your daily actions and thoughts – is what makes all the difference. It makes 40 percent of your happiness and is almost as important as your genes.

That brings us to the question: where is exactly money in the formula?

Slide

Money influences your happiness in two different ways: you can have money or spend it. But what makes you happier?

Having money only impacts the 10 percent of your happiness. It is included into external factors (and has therefore only a small effect on happiness in general)

The spending money part is much more interesting and impacts happiness more strongly.

Depending on how you’re spending your money you may improve or worsen your feeling of happiness.

Spending money impacts the whole 50% of happiness that are under your control: the external factors and your behavior (It has therefore a large impact on happiness)

Talking about your happiness, it doesn’t matter if you have a lot or very little money. It matters far more how you’re actually spending the money you already have.

And now I’d like to move to the next point of my presentation and speak about six proven ways to spend your money for your happiness.

1. Spend Your Money On Experiences, Not Goods

There are many reasons why buying experiences is superior to buying goods. One problem with buying products –a phenomenon called ‘hedonic adaptation’. We feel happier after buying some fancy new product for a few days or weeks, but then the object loses its effect. This happens less quickly with experiences. Experiences can also be anticipated ( ожидаемый) more and usually involve a social aspect. Both these factors have been shown to contr I bute to our happiness.

The point is, spend your hard-earned cash on experiences. Take up a Yoga class or hire a personal trainer. Go on holidays with your friends. Take a trip to the Niagara Falls. Visit the local theatre. Go to a concert. Invest in learning a new language. Go paintballing, bungee jumping, mountain climbing, or kite surfing.

Let’s move on to the next advice.

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