#HEDONIC FAST UPGRADE#

I think we’d all be better off if we learned to happy wanting what we’ve got. Whether a person makes $30,000, $300,000, or $3,000,000 a year, we are programmed to believe more would be better.

I recently read that regardless of income, a survey showed that people consistently say their ideal income is 20% higher than their current income. I have no idea how happy the man is, but if I went through an expensive divorce, had my dirty laundry aired in a multimillion dollar lawsuit, and attracted the attention of the President’s Secret Service all over the course of a year, I don’t think I’d be a particularly happy camper. This site estimates his current net worth at $200 Million although the bulk of that may very well be tied up in the assets he has purchased (homes, yacht, art, etc…)Ĭircling back to that Sheryl Crow quote, I think it’s fair to say that a man who spends $2 Million a month is not content with what he’s got. I should point out that despite the lawsuits and bad publicity, it does not appear that he is destitute. Somehow, and it took Brewster’s Millions type spending, he was able to spend hundreds of millions of dollars. In peak years, Johnny Depp earned $100 Million or more. The number one lesson I take from the revelations is that any income can be overspent. I can’t help but wonder what “within reason” means to someone who reportedly burns through $2 Million a month. “I am doing my very best on holiday spending, but there is only so much i can do, as i need to give my kiddies and families as good a Christmas as possible, obviously within reason.” I think Johnny’s treadmill has been speeding up for years and the wheels started coming off when it hit “ ludicrous speed.”Į-mail exchanges between financial advisor and him show just how out of touch Mr. He has dealt with credit card debt, numerous overdrafts, and personal debts in the millions of dollars.Wine for personal consumption totaled $30,000 per month.He has 40 employees on payroll earning nearly $100,000 a year on average.His 45 luxury autos, 70+ collectible guitars, art and memorabilia cost untold millions.$3 Million was spent to shoot Hunter S.He spent $18 million on a 150 foot yacht.He has spent $75 million on 14 residences.Some of the more outrageous findings are: He sued his money managers who in turn filed a countersuit detailing why Mr. Did you happen to read how he’s been spending his money? Johnny Depp has been appearing in them regularly, and lately it’s been mostly negative press.

#HEDONIC FAST UPGRADE#

Make Your Life Upgrade Proofby The Happy Philosopher.The Hedonic Treadmill: From Overconsumption to Minimalism by Virginia Counseling.Running on The Hedonic Treadmillby The Simple Dollar.The Hedonic Treadmill – If Only Happiness Were As Easy As Marriage, a Big House, and Kidsby Happier Human.What is Hedonic Adaptation and How Can it Turn You Into a Sucka? by Mr.It’s an important lesson to learn and your life will be better and your pockets fuller once you embrace the concept of the hedonic treadmill.įurther Reading on the hedonic treadmill: I try to stay off the treadmill by keeping special things special as I outlined in Make it a Treat. No matter how many times you upgrade, there will always be someone with something better. Once you start using that subscription, you see jetsetters with their own private planes, each wanting to do one another with bigger and better airplanes. The first class cabin dreams of one day having a NetJets subscription. The business class envies the first class passengers. The basic economy folks might like to fly business class. And he’s jealous of the guy who has more, or something he had never heard of but is actually better than what was thought to be the best! When you get the best thing, you find out your boss has two of them. When you get something better, you’ll eventually want the best. The problem is there will always be something better than what you’ve got. It’s wanting what you’ve got” – Sheryl Crow, Soak Up the Sun Continuing to upgrade to more, bigger, and better things essentially has you on a treadmill going ever faster and you’re doing all you can to not fall flat on your face. The shine of the new and improved object or experience tarnishes and the only way to get it back is to upgrade again. The concept, which I referred to in posts about having enough and financial freedom, essentially means that the benefits of lifestyle inflation tend to be short-lived as you rapidly reset your baseline to the new normal.

Hedonic fast