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Showing posts with the label living standard

Just my thoughts #0624

Israeli Kindergarten. Dual-income couples often arrived late to pick up their children. As a result, the kindergarten implemented a rule that parents would face a fine if they were late; however, even though this introduced a penalty system, it also led to more delays in pickup times. By replacing feelings of guilt with money, paying a fee for being late became the new norm. After recognizing the mistake and removing the fine system, what happened? More parents started arriving late. When money becomes involved, the exchange of value fundamentally changes the nature of the relationship. And once that change occurs, it doesn’t revert. - Joseph’s “just my thoughts”

Just my thoughts #0107

Happiness and satisfaction are two distinct concepts. It is a fact that poverty deprives happiness. What is also a fact is that earning more than a certain amount of money does not increase happiness. Social science research has proven this. But satisfaction is a different matter entirely. Satisfaction is directly linked to achieving social goals. It is a myth that more money will make you happier. Happiness is about having the right money and friends. But satisfaction comes from achieving your goals. It is a simple fact that humans live a completely different life depending on whether their living standards are happiness or satisfaction. - Joseph’s “just my thoughts”