Why more money doesn't make us more satisfied: hedonic adaptation

About this episode

Hi everyone, I'm Doug! In this episode of FIRE University, we dig into the complicated relationship between money and happiness. Have you heard the saying, "Money doesn't guarantee happiness, but without it most people aren't happy"? We'll look at Maslow's hierarchy of needs and explain why our material wants never end. I'll also walk you through hedonic adaptation — why the happiness we feel after getting more things gradually fades — and share how to resist it, so you can find real contentment on the way to financial freedom.

The episode is in Mandarin Chinese. These notes are translated from my original show notes.