Valuing time over money leads to a happier life

In a perfect world, this wouldn’t even be a discussion.

But in your daily life you’re constantly bombarded with advertising, social media and other influences. They can make even the most-content person believe more money leads to more happiness. And maybe even that more stuff can mean a better life.

More, more, more. We always want more.

It’s easy to get hinged on the belief that once we have more of something, we will finally be happy.

But guess what? When you finally get there, you’re only going to want something else. This cycle repeats itself until one day you’re wondering where your life (and your money) went.

In a slightly altered quote from the classic novel and film "Fight Club" …

"We work jobs we hate … to buy things we don’t need … to impress people we don’t like."

And sadly this is the truth for way too many people.

Happiness isn’t a destination. Rather, it’s a state of being that each of us has inside ourselves every second of every day.

Religious messiahs, great philosophers and spiritual leaders have been preaching this lesson since the beginning of civilization.

And now, we have the scientific data to back it up.

In six studies with more than 4,600 participants, researchers found an almost-even split between people who tended to value their time or money more. And this choice was a fairly consistent trait both for daily interactions and major life events.

Lead researcher Ashley Whillans, a doctoral student in social psychology at the University of British Columbia, had this to say:

"It appears that people have a stable preference for valuing their time over making more money, and prioritizing time is associated with greater happiness."

These results, published online in the journal Social Psychological and Personality Science, aren’t surprising in the least bit. But having scientific data is the type of realization some people need.

"Having more free time is likely more important for happiness than having more money," Whillans said. "Even giving up a few hours of a paycheck to volunteer at a food bank may have more bang for your buck in making you feel happier."

More Uncommon Wisdom on Happiness

How to be Optimistic in 2016

When More Than Half Have Less than $1,000

Happiness Isn’t Under Your Christmas Tree

Are You Income-Rich but Asset-Poor?

Want to be Happy? Then Pursue Meaning

I think it’s important to do a self-check-in on your life every so often. To make sure your values are aligned with the person you truly want to be.

Choosing to spend our lives doing something we love, something purposeful that makes other people’s lives better, is priceless.

As the late Steve Jobs once said …

"Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful… that’s what matters to me."

So ask yourself, what really matters to you?

Think about this for a few minutes, and let us know in the comment section if you’re living life the way you truly want to live it.

Please share with other Uncommon Wisdom Daily readers how following your passions and fulfilling your life’s purpose has changed your life.

Happy and healthy investing,

Brad Hoppmann

Your thoughts on “Valuing time over money leads to a happier life”

  1. Why is it that I’ve worked most of my career to increase my salary and now that I’m approaching 60 and at the height of career, willing to walk away from all the money?

    The answer…..time….time to do what I always wanted to do, time to spend with my family, time to play with my grandchildren, time to help those in need, time to invest in others. Time is all we really have in life and none of us know how long we have. Making the most of every moment is the most important invest we can make in life. The only thing that will outlast each of us is the investments we make in others.

  2. Like him or not,—– he is the only one in this place and time who can stop the death
    spiral we are in.

  3. The great saints and philosophers of yore were actually great scientists, who understood the concept of mind and soul much better than today’s material scientists.
    The problem with present days’ education system is that it generally teaches that we live only once. It makes people think that they have to accumulate as much wealth as possible in this life. But saints and philosophers understood that one has many lives, and should try to live as conservatively as possible, causing minimal stress on nature. Only economies based on noble principles are sustainable in the long run; others simply boom and perish. We can see the result of modern education in that the top 1% of people have more wealth than the bottom 99% of people in the world; this is gross injustice of today’s capitalism, and simply not sustainable.

  4. I learned as much from the comments as I did from the article.
    Quality of life is very important and it’s great to have an adequate amount of money to enjoy living.
    Thanks to you all for verbalizing your knowledge.

  5. Tough issue. Time is finite. And our most precious asset in being alive and existing, money is a man made resource, that should only cover our survival and having a decent standard of living for all, not More . The rat race of capitalism and power acumulation has to be put in perspective by all human beings. Be humble, save for your old age and if THERe is something left share it with love and fairness with your loved ones if You think they deserve it and if is never too Much to make their life empty for nothing

  6. Thank you Brad. Profoundly true – time is immeasurably more valuable than money. I have recently been swindled out of substantial investments by 3 unscrupulous brokers – in excess of 110 k. Whereas my initial response was one of dread , anger and self pity , time allows for much healing. Today , I do no longer dwell on the negative experience but instead , have taken a deliberate decision to educate myself more , exercise more , spend more time in nature. The result is a much improved overall quality of life and a marked improvement in general health and a more positive outlook. I also appreciate my friends and family more. Regards

  7. Hi Brad,

    ABSOLUTELY!!! Time is more valuable than money assuming you are comfortable with your income and assets!!! This is yet another key jewel of wisdom we don’t teach our kids…Also, if you have had the “privilege” of being with so called “global elites” you will know the VERY wealthy tend to have lots of time that the working stiff middle class mostly cannot enjoy because they are working too hard to make ends meet. Like my grandmother used to say, God brings you in the world with nothing and he takes you out of this world with nothing, absolutely nothing going to the afterlife.

  8. And there’s the rub. Without a base of money and/or marketable skills we can’t “afford” the time.

  9. The time vs. money question seems it might be relative to how much one has of each. “In the beginning” most of us (perhaps excluding those born into wealth) need to make enough to satisfy their basic needs. Of course, one’s needs can vary by individual as well as vary for an individual over time. But at some point, if we are lucky, we find our basic needs are met and those who are brave enough can consider other pursuits of happiness… many of which require more time than money.

  10. Want to keep your 2nd Ammendment Fire Don the “T”Rump

    Trump Bullet Point:
    • Trump started up many Business that failed miserably as he gambled with Tax Payers money. “His Values”
    • Some figures show close to or in Excess of a Billion dollars of waste; of your Taxes in corporate gambling by Trump to make his 4-9 Billion. “His Values”
    • Don’t ask me to vote for a person who uses Federal Bankruptcy to exploit investors and steal Tax Payers hard earned money. “His Values”
    • Out of Trump’s own mouth …”I know Politicians…I get whatever I want from them…their easy…I’ve dealt with them my whole life… “His Values”
    • I Use My Own Money…Really ? He Trumps Taxpayers before he was a politician; and shiest away Tax Payers hard earned money Before he had access to political Power! We are crazy to Believe that He would do different when He Becomes Commander in Chief. “His Values”
    • While doubling Back to Back Sue His own failed Florida Corporate shenanigans to do a so called protection of his Name; Knowing that Lengthy Litigation would distract his devastated investors from the $800 million or more in insurance payments they could have received. A Judge said Trump didn’t disclose this information for his own benefit. “His Values”
    And you want hard working people to trust this man to run our Country. He used the Law to his Values while good people in trusted him with THEIR MONEY! “His Values”
    • We can’t afford to allow a man who Fails, and continues to Test with trial and error as much as Trump has to Gamble with our Country; Especially at such a vital time; he could Bankrupt us to finance his Crony greed. “His Values”
    • Trump got his first Million from his father and yes learned to steal from you through legal Loopholes…”I USE the LAW”… Yes The Don does, he really USES the Law to ABUSE YOUR TAXES! Create Chaos to create a savior? “His Values”
    • He started up a Liquor company; Vodka, it CRASHED! When asked; you don’t drink why have a company that sells it? …it’s the Money…People will drink…give them what they want…while I make a Billion. When it CRASHED he used the CRASH to EXPLOIT his agenda and MANY were left to scratch for the left overs. Left Over Don; Knows the Art of The Steal and how to use your Money and your laws to do it.
    He calls others Hypocrite; causing Mr. Webster to Roll Over and say; Perfect Example, the TRUMP! “His Values”
    • Do we really want to shift from a Bad Policy Liberal to an Abusive Policy Liberal/Conservative who knows the Art of the Steal. From Obama the Horrible to “The Don”, the Horrific? His Values!
    • There was this Boot Legger/Moon Shiner in Mississippi who didn’t Drink but Had Whisky Made and Sold it. He never personally made it, he never personally sold it, and he never drank it; others did his dirty laundries. He caused much chaos and trouble and could never be caught. When asked about his friend who died while drunk on his liquor, his response was he made his own decision while his hand was in his pocket holding his friends money. “The Don” wrote the Art of the Deal because he is the master of the Art of the Steal. “His Values”
    • The Country Song says why do I drink and why do I smoke…?…to Make the Don more Money…! “His Values”

    • The Don said; “Well, look, I’m very pro-choice…and again, it may be a little bit of a New York background…”
    It’s the Law I didn’t make but I won’t break. He legal loopholes all other laws to his benefit but refuses to HELP THE UNBORN IN THEIR DEFENSELESS STATE. Afraid there might be another Don? Herod, Pharos; He finds ways to steel billions form tax payers and yet His Values are Allowing Babies to Die who will never hear your Hired or your Fired. Real Mercy here Don!
    • Another Quote of the Don;
    “There are some issues I don’t want to say much about”.” I support a woman’s right to choose, for example, but I am uncomfortable with the procedures”. “When Tim Russert asked me on Meet the Press if I would ban partial-birth abortion if I were president, “my pro-choice instincts led me to say no”.
    O’ Don, your done!

    • Guns: The Don doesn’t mention his other book on his trail to the White House called, > The America We Deserve!
    • “The Republicans walk the NRA line and refuse even limited restrictions. I generally oppose gun control, but > “I support the ban on assault weapons” and I also support a slightly longer waiting period to purchase a gun. With today’s Internet technology we should be able to tell within seventy-two hours if a potential gun owner has a record.
    • Russert on Meet the Press in 1999. Russert asked Trump about gay marriage. Trump didn’t want to comment on it, but said ” I have no problem with gays in the military”.

    He explained, “I’ve lived in New York City and Manhattan all my life, okay? So >my >views are a >little bit different than if I lived in >Iowa.”<<<<<<<< Common Ground appeal…?

    Hey Let Trump be Trump!

    And America will fall into Hell!

    Remember Trump said He doesn’t need to ask God to forgive him.

    He’s the Don’

    These are his Values!

  11. It’s always welcome to read an article like this because we need to be reminded regularly what’s important. I suspect that most of the readers of this newsletter are fairly well off, and many have prioritized money over time.

    It’s easy for those of us who are well off to extoll the virtues of time over money, but the less well off don’t have that luxury. You grow up disadvantaged, maybe miss college because you can’t afford it, support a parent who’s too ill to work, or just to contribute to the household. You may not have the luxury to choose time over money because you’re working 60 hours a week at two or three jobs for barely above minimum wage because you didn’t develop marketable skills, knowing that you might be laid off at any time. Most of us readers never had to make those choices.

    If we really chose time over money, rather than help out in a soup kitchen to ease your conscience, support policies that raise wages for the poor and lower the cost of education so more people can get good jobs and be able to make the choice between time and money that us readers can. We all benefit when people escape poverty, not just economically, but we have a stronger, safer, better society when we do.

  12. Quality of life absolutely matters. From age 22 to age 35, I was living a life that blended part-time work, enough to live on, and several other activities that did not generate income. Happiest time of my life. When I turned 37, I decided to settle down and earn some full time money, live a more “normal” and “secure” life, and build up a retirement fund. I’m now 58, been living the “secure” life for 21 years, and have never been more unhappy and disattached from living my life. I’ve got my retirement fund going, so I just quit my full time job (yesterday was my last day) and will go back to working part-time, earning half as much, but giving myself time to engage in the other aspects that constitute “me”. One skill people should learn is to live on the cheap – buying excess stuff builds your prison walls higher.

  13. Hi Brad. Great awareness article for all of us. I was a busy “dark to dark” Orthopedic Surgeon for 20 years. I let my drive for patient care and perfection consume me.
    I developed Progressive Multiple Sclerosis, and was no longer able to rely on my hands in the Operating room.
    When I was told by my Neurologist that my career was over, I collapsed in despair.
    I had two small children and a wife that never saw me. One morning, I awoke and watched a small video of my wife and kids at Disneyland. My wife said ” say hi to daddy in the camera “. My chidren and my wife before me were livng a seperate life without me. There was no other choice for them.
    Through faith, self reflection, and instinct, I realized that my disease was a gift from god, so that I could start to livve as a real husband to my wife, and father to my children.
    Without being forced to stop in my tracks, I would have continued as a runaway train, missing my family completely, until I ran out of gas, and punched the last hole in the timecard of life.

  14. We all need to reflect on this as it is
    the base of direction. In the formula
    of time there are two other variables.
    Distance and rate. To which I look at
    the distance of where I’ve been and
    where I’m going. Rate, well to me means
    am I happy at the rate of activity? Do
    I have time to smell the roses? If not
    then I adjust the rate that works for
    what I value the most. Investing is a
    way of life for all bottom lines.

  15. Pr 27:20 Hell and destruction are never full; so the “eyes of man” (lust of the flesh) are never satisfied.

    Regardless of how much a man “possess”, he still wants more, if he’s ultra rich then power over others is his next goal, which is why we have “National banks” (Federal Reserve) scheming to create a “One world Government” so powerful they believe they can even control “Mother nature” and the “Climate”.

    If there is a pinnacle to “Stupidity”, without a doubt, this it it.

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