Quote of the day

“Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect.” ~ Chief Seattle

Sunday, March 13, 2011

A New Kind of Personal Wealth

From Ode Magazine:

It turns out money can buy happiness after all - when consumers create a market for mindful consumption.

"...Our collective plunge in net worth has led to a rise in a different kind of personal wealth, prompted by a more thoughtful approach to consumption that emphasizes experience over excess and community over commerce."

“People are shifting from mindless to mindful consumption.”

"Perhaps our biggest misunderstanding is the link between increased wealth and increased well-being. In the past few years, the correlation between these two things has been shown to be modest at best. Just last month, research published in Proceedings of the National Academy of Sciences found that while earning more may lead us to think we have better lives, any income beyond roughly $75,000 does nothing to boost our day-to-day moods. A separate, global study published in July, based on Gallup data collected in some 100 countries, came to a similar conclusion."

See Full Article at:
http://www.odemagazine.com/doc/74/new-kind-of-personal-wealth/

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