What is the connection between Free Choice, Jams and Money

James

I believe that sometimes you don’t need to write a 2500-word article to make a point or to thoroughly explain something. So this article will be short, sweet, and to the point.

When it comes to our personal freedoms, we are willing to fight for what we believe in and what we think is right. This is because our personal freedoms are important to us, and we don’t want anyone taking them away from us.

We live in an age of consumption and abundance culture, therefore we have a large variety of choices, a large variety of TV channels, computers, clothes, food, etc. But with all of these choices, it can be overwhelming and we can often feel like we’re not really free.

Do more choices, and more freedom make us happier?

James

An answer can be found in the famous experiment, conducted by Prof. Sheena Iyengar from Columbia University’s School of Business Administration.

In this experiment, people were offered a choice of 24 different jams, or 6 different jams.

The results showed that those who had fewer choices were more satisfied with their purchase than those who had more choices.

So it seems that too much freedom and too many choices can actually make us less happy.

But what about money?

Can money buy happiness?

happiness

The answer is yes, but only to a certain extent.

A study conducted by Prof. Daniel Kahneman from Princeton University showed that our level of happiness doesn’t increase when our income goes up.

So, if you’re making $50,000 a year and your income doubles to $100,000, you’ll be no happier than you were before.

But if your income increases from $5,000 to $50,000, you will be much happier.

So it seems that money can buy happiness, but only up to a certain point. After that, our happiness level plateaus.

In conclusion, it seems that too much freedom and too much money can actually make us less happy. What we need is a balance between the two. Just enough freedom to feel fulfilled, and just enough money to meet our needs.

Do you like this kind of content? Check out my post about the best books for digital nomads (even if you’re not a nomad)

Yoav

Yoav

Hey, Yoav here. I am a traveler and blogger. I love writing about the things I experience and inspiring others to take their computer and travel the world.

About Me

Yoav

Hi there! My name is Yoav, and I’m the owner of Didital Nomadness.

I love Mondays. Weird, right? But it’s true – because thanks to my work as a location-independent entrepreneur, I can now earn and save from anywhere in the world.

Which means that no matter what day of the week it is, I always feel like I’m winning. 🙂

I want to help you do the same. Join me as I explore different ways to make money, save money, and live a life of freedom and adventure.

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