{"id":6153,"date":"2019-01-07T16:26:32","date_gmt":"2019-01-08T00:26:32","guid":{"rendered":"https:\/\/intrinsicwealthcounsel.com\/?p=1364"},"modified":"2022-12-08T16:38:40","modified_gmt":"2022-12-09T00:38:40","slug":"buying-ourselves-the-gift-of-time","status":"publish","type":"post","link":"https:\/\/intrinsicwealthcounsel.com\/intrinsic-blog\/buying-ourselves-the-gift-of-time\/","title":{"rendered":"Buying Ourselves the Gift of Time"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6153\" class=\"elementor elementor-6153\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-65d6cbfc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"65d6cbfc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b8d5daf\" data-id=\"4b8d5daf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7062bdb2 elementor-widget elementor-widget-text-editor\" data-id=\"7062bdb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tMost adults are increasingly experiencing a time crunch.\u00a0 The result is mounting stress and compromised health and vitality.\u00a0 And yet, despite their best efforts, many individuals express frustration about not being able to bring tasks to completion or having enough time to focus on what or who is most important to them.\n\n<strong>Scientists have even coined the term \u201ctime famine\u201d to describe the pervasive feeling of being overwhelmed with the demands of work and life.<\/strong>\u00a0 Studies have shown that people who frequently feel they \u201cdon\u2019t have enough time\u201d (time scarcity) are less happy and more prone to anxiety and depression than people who report feeling time affluent.\u00a0 In addition, public health researchers have ranked time stress as one of the most important social trends underlying rising rates of obesity.\n\nAlthough we are inclined to attribute this growing phenomenon to people having less free time than earlier generations, there is very little evidence to support this conclusion.\u00a0 Instead, decreasing feelings of time affluence are more likely related to increasing wealth.\u00a0 In fact, <strong>as incomes have risen around the world, so too have feelings of time pressure.<\/strong>\n\nBut, why does having more money make us feel more pressed for time?\u00a0 As explained\u00a0 by <strong>commodity theory<\/strong>, when any resource is perceived as scarce, it is also perceived as valuable.\u00a0 Therefore, when our time becomes more financially valuable, we also view our time as increasingly scarce.\u00a0 In other words, <strong>the unintended consequence of increasing wealth is a growing sense that time is precious and scarce.<\/strong>\n\nWhat then is the solution to this dilemma?\u00a0 Can individuals and families work to build their net worth without sacrificing their well-being?\u00a0 The answer is YES!\u00a0 Ashley Whillans was the lead investigator of a study that revealed <strong>\u201cspending money on time-saving purchases promotes daily happiness and reduces negative mood because it protects us from the time stress that we feel in our daily lives.\u201d<\/strong>\u00a0 In addition, the research results clearly indicate that reducing time pressure on a daily basis will boost overall life satisfaction.\n\nNonetheless, despite the many benefits of buying time, many participants in the study reported spending little to no discretionary income on buying goods or services that would help to free up their time.\u00a0 The reasons were not clear, but it is likely <strong>they did not make the connection between such expenditures and the degree of personal benefit they would receive.<\/strong>\u00a0 For example, people often don\u2019t give themselves permission to hire a housecleaner or a yard service as they feel that is a luxury or that they should be \u201cable to do it all.\u201d\u00a0 In addition, when contemplating this type of expenditure, they are unlikely to <strong>take into consideration the value of reducing stress or having more time for the people and activities they cherish the most.<\/strong>\n\nWhillans concluded:\n\n<em>Money is both a cause and a potential solution for the time famine of modern life.\u00a0 Although having more money is linked to feeling pressed for time, our research shows that this hydraulic relationship is not inevitable.\u00a0Instead, <strong>re-thinking our spending decisions\u2014from the major to the mundane\u2014may help transform wealth into well-being.<\/strong><\/em>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Most adults are increasingly experiencing a time crunch.\u00a0 The result is mounting stress and compromised health and vitality.\u00a0 And yet, despite their best efforts, many individuals express frustration about not being able to bring tasks to completion or having enough time to focus on what or who is most important to them. Scientists have even [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[149,151,150],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buying Ourselves the Gift of Time - Intrinsic Wealth Counsel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/intrinsicwealthcounsel.com\/intrinsic-blog\/buying-ourselves-the-gift-of-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying Ourselves the Gift of Time - Intrinsic Wealth Counsel\" \/>\n<meta property=\"og:description\" content=\"Most adults are increasingly experiencing a time crunch.\u00a0 The result is mounting stress and compromised health and vitality.\u00a0 And yet, despite their best efforts, many individuals express frustration about not being able to bring tasks to completion or having enough time to focus on what or who is most important to them. 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