Financial decisions should consider longterm happiness from "summary" of The Geometry of Wealth by Brian Portnoy
When we make financial decisions, we are often motivated by short-term gain or immediate gratification. We may choose to spend money on things that provide instant pleasure, like a fancy meal or a new gadget. However, this approach to money management is shortsighted. It fails to consider the long-term impact of our choices on our overall well-being and happiness. True wealth is not just about amassing money or possessions; it is about living a fulfilling and meaningful life. This requires us to think beyond the immediate pleasure of spending money and consider how our financial decisions can contribute to our long-term happiness. By prioritizing our long-term well-being over short-term gratification, we can create a more sustainable and fulfilling financial future for ourselves. To achieve long-term happiness through our financial decisions, we must first understand what truly brings us joy and fulfillment. This requires introspection and self-awareness to identify our values, goals, and priorities in life. By aligning our financial decisions with our values and goals, we can ensure that our money is being used in a way that reflects what is truly important to us. When we make financial decisions that are in line with our ...
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