The Topic: Spending Money
The Guest: Elizabeth Dunn
Which would you rather have, a mansion the likes of Jay Gatsby, fully decorated and furnished or the memories of a month spent on the International Space Station? Would you rather own the kind of car they photograph for wall posters with doors that open in an unusual manner or spend a year practicing guitar for a chance to play a single show with the Red Hot Chili Peppers? How about $1,000 cash or a gourmet meal for you and your friends cooked by and enjoyed in the company of Gordon Ramsay? Assuming in each of these scenarios you can only have one and never have the other, which would you pick?
When asked similar questions, most people choose the tangible things over the experiences. The material items just seem more valuable in the long run, and cash always seems more practical than a fleeting indulgence. Yet the research says if you are seeking long-term happiness, nothing compares to unique experiences, even short experiences, even bad experiences. Over time, things lose their luster, but memories do not. Memories grow and spread inside your mind like a tree that can always be harvested of its fruit. They become a part of you, increasing in value as you age and continuously providing stories and smiles long after a nice car becomes just a way to get to Taco Bell or a nice house becomes the place where you watch Breaking Bad before going to bed.