Why we should buy experiences not things

Updated: Mar 31, 2019

Anyone who knows me knows I am a huge fan of happiness. In a world dominated by technology where instant gratification is the norm, we’ve come to put an enormous effort to get away from materialistic object hoarding and invest our money in experiences instead. When it comes to experiences, travel is the number one best-seller and for a good reason. Travel helps us break the cycle of our mundane 9 to 5 jobs and gives us perspective on the world and on our lives, proving that why we should buy experiences, not things. Why buying things doesn’t make us happy

Let’s say you just went out and bought a brand new car. You take it for a spin and it’s the coolest feeling in the world. But how long does that really last? If you’re anything like me, you find yourself bored of the new toy in a few weeks tops, no matter how cool it may be. As the paradox of possessions explains, the more objects we obtain, the more we get used to them and feel the need to buy more and quicker. That’s a straight up set up for bankruptcy lane.

Travel, on the other hand, manages to fulfill a need shiny objects can’t. According to Dr. Thomas Gilovich of Cornell University, experiences provide more durable happiness. The theory behind his conclusion is quite simple - when you buy a car, you feel happy at the moment of the purchase, but soon this emotion begins to fade. When you book a trip to Hawaii, you get excited way before you have even boarded the plane. Some even anticipate their trips so much that they can’t sleep on the night prior to departure. (If you’re one of us, try a tablet of melatonin - works every time.) This feeling of happiness then lasts all throughout the trip and even after, when you whip out your phone and show your friends those sweet Instagram shots you snapped in O’ahu (or the Spanish Pyrenees).