Why the most important differences between the lifestyles of wealthy people and everyone else aren't about money but time
Millionaires tend to spend their time differently, which can make them happier than the average person.Millionaires also have more autonomy at work, making time spent on work more enjoyable.
We see all kinds of stories on TV, in the press, or in books about some of the unique habits that millionaires have and how they spend their time. Think of amaster CEO who wakes up at 4 a.m. each morning to hit the gym before starting their busy workday or the story of how former president Barack Obama would wear the same suit each day to create one less decision for himself in order to save his brainpower for more important decisions.
These stories pique our interest, and sometimes these unique habits seem like they created the recipe for success for wealthy and powerful people. But until recently, systematic research on how millionaires spend their time differently has been sparse. Here, I will discuss three key ways research has uncovered that the ultra-rich spend their time differently from the rest of us and how it makes them happier.
The third key difference discovered between millionaires and the general population was not based on free time but instead on how their time at work is spent. To my surprise, there was no difference between how many hours each group spent on work. The difference between the groups was how much autonomy, or control, these groups had while working., methods, and working hours to a greater extent than the general population.
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