Monday, June 10, 2013

It's All Relative

If everyone were earning $1 million a day, no-one would be rich or poor. If everyone were earning $1 a day, no-one would be rich or poor.

People need to earn a certain absolute income to provide for their living expenses. This amount varies from person to person.

Success is not to be enjoyed by the average person. People who are successful must be relatively better than others. It is not achieved by doing what the majority do. I'd like to achieve my own version of success, with a beautiful companion and a mobile lifestyle.

In relation to income, people generally derive a higher utility or satisfaction from having a higher relative income than their peers. In many cases, this is despite no real benefit to them. The same applies to school results or other aspects of life where competition is involved, where you feel relatively better if you achieve a better result than your peers.

People who are more internally driven are less likely to derive their satisfaction from being relatively or competitively better off than others leading to increased real happiness in their lives. However, this does not necessarily align with society's version of success.

1 comment:

Iddiarbib said...

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