Picture this: You’ve just finished working your busiest time of the year. For all your efforts, you receive a nice paycheck.
To reward yourself, you look for places to spend your hard-earned money. What would you choose out of these options?
- A brand new TV or a vacation abroad?
- A piece of jewelry or a multi-course meal at a restaurant?
- The latest phone model or a class on learning a skill?
All of these questions point towards how we should spend our money. Should we spend it on material objects that will likely bring enjoyment, or on new experiences that have uncertain outcomes?
When faced with this decision, choose the experience. Here’s why.