Hi there,
A very merry Christmas to you š ! Incidentally, both Christmas and New Yearās Day sit on a Sunday this year so here you are, a Christmas present from me to you - how lucky. Wrapped in vibrant internet tinsel and a personalised Substack frame, itās the best gift youāll receive today.
Also, 2 requests, donāt scrunch up the wrapping paper and throw it away. Remember to reuse it #climatechange. Keep this gift in the front of your mind as you wind down into the last week of 2022.
Enough humour and bonhomie; it has been a pretty so-so week. The weather has been pretty down, both outside and inside: I was struck with a cold which I unwillingly rugby-passed to the family. Iāve been quietly (bar expansive coughing fits) getting stuck into some work with watching a cricket league auction and 2 films acting as the berries of the porridge1.
Highlight of the week ā: watching the new Home Alone film āHome Sweet Home Aloneā as a family. Itād been a while since weād sat down together to watch a movie. The film was expectedly not as magical and legendary as the original McCallister episodes but it was sufficiently hilarious. What made it more comical was how I and my Mum couldnāt laugh without tail ending every serious one with a mini-coughing fit. I thought to myself: how sad - I canāt even laugh without coughing!
One of the key themes of 2022 has been the rise in the cost of living (link to my economics article on the subject š). Infiltrating the whole of our usual spending, it has primarily been rearing its ugly head in our gas and electricity bills.
In a bid to be more mindful of how and how much energy we were guzzling every day, we bought a smart meter around the start of the school year. It quickly turned into an āanxiety portalā as a comedian on Radio 4ās Friday Night Comedy put it.
āA red light! Why? Where? Whoās left their light on? Turn off the big lights in the living roomā¦Oh, itās the microwave.ā š“ This sort of shriek became a familiar chant, especially when the per-day-tallies hit the mid-teens.
Thankfully, with the painstaking manoeuvring of the heating controls and being more careful & sparing with when we turn the heating on, Iām happy (and so is my dad) to report that the daily sums and the cumulative bills are on their way down.
This week, when around 4pm, I spotted that the screen showed a relatively low figure of Ā£5.87. Mentally, I charted up less than Ā£10/12 as a win when it struck me. āOh Adi, youāve been sucked in again. Youāve fallen for its cunning ploy again. One more point to this devilish phenomenon of human natureā - hedonic adaptation.
Also commonly referred to as āthe hedonic treadmillā (a triumphant analogy, might I add), with āhedonicā meaning pleasure, it is the idea that humans never stay at satisfaction equilibrium and are constantly moving up and down from this baseline. As soon as our desires have been met, our insatiable minds set their sights on the next goal, move the goalposts and put us back on a journey of chasing this new dream, only for this story of momentary and fleeting happiness to repeat.
It is this constant will to improve, to seek the previously unattained, to constantly conquer new achievements, and to scale new heights, that enabled us to evolve. We became resilient, adaptable creatures that have charted our own success by making much industrial progress, scientific invention and creative endeavours.
Unfortunately, this seemingly magical human drive applied itself in unfavourable ways. Fame, riches, material possessions: we started wishing for these
and often these wishes often donāt have an end no end at all
What was once magical turns unappealing and dull; the sparkle and joy you felt from it before ends up being stolen by another shiny new toy.
āAmong lifeās cruelest truths is this one: wonderful things are especially wonderful the first time they happen, but their wonderfulness wanes with repetition.ā Daniel Gilbert in his book Stumbling on Happiness
I donāt wish to paint myself as immune to it myself. Iāve definitely succumbed to this issue with my blog and podcast for example. When I started, every subscriber would renew the sense of purpose and rationale behind writing. Now, seeing total views of 50 and a decent open rate doesnāt excite me or fill me with joy. Iām used to it, maybe I can say, my ego expects it.2 We see it in lottery winners, who, within a year's time, can end up taking their penthouses for granted, or in our careers, endlessly trying to jostle up the org chart and fatten our paychecks3.
Hedonic adaptation isnāt incessant trouble. It is good that we constantly strive to become better versions of ourselves and āoutgrowā our past selves. But the problem is we often become glued to this imaginary treadmill, slowly cranking up the speeds. From walking at a leisurely pace, we can end up running frantically, devoid of breath, without being sure exactly what weāre running for. Like a donkey pulling a cart, we can end up on a neverending attempt to eat that carrot which keeps extending in front of us.
Sometimes, we need to jump off the treadmill and turn it off. As it rests, you can stand still and realise how much youāve run. Maybe it needs a bit of lubricating or ārefiningā. In life, this is updating our methods and systems, decluttering, reflecting and setting a new path or continuing on our previous one with the correct, updated reasons.
Linking this to happiness, to actively stick a hammer in the treadmill to slow it down, we need to manage our expectations. In his book āSolve for Happyā, former Google X chief Mo Gawdat tries to formulate happiness
Happiness ā„ your perception of the events of your life - your expectations of how life should behave
Relating to previous blog posts on perception (zooming out on your life and maybe itās time to change your glasses), he suggests that having low expectations can narrow the gap between them and reality and therefore increase our happiness. This is something I think about a lot: does this mean that we have smaller ambitions and aim for less? I havenāt come to a convincing conclusion on this but Iād say itās aiming high and expecting little. No one is destined or entitled to any amount of success so we should do everything in our power and control to shape how much we do get.
Other ways of stepping off/slowing down the treadmill:
āSmell the rosesā - as weāve hopefully agreed, we can end up constantly chasing the next thing and forget to enjoy the present. Take the time to pause and reflect (thereās that phrase from last week again) and accept how wonderful your life is - zoom out.
Actively practice gratitude - this could be through journalling or just recognising one thing youāre grateful for each day. Taking stock of how much we already have can dampen our desire to rush for the next goal, satisfied with just how good what weāve already achieved is.
Alter your perception to make reality better than you may think it is - more in the blog posts hyperlinked above.
Embrace minimalism - this is a more extreme solution I found but maybe being content with little can make us enjoy that little more.
Rewind back to your past self. Would they find what you do and what you have cool? If they would, you should too surely? It is human to get caught up in the non-stop race of running for more money, more pride, more attention, more everything. Remember to take a step back to appreciate what you have and realise if you and your wishes are going too fast.
More on this here, a great article recommended by
about the slippery nature of satisfactionPodcast of the week šļø
The Cashflow Academy Show: The End of Cash
Daily finance in China is moving digital. Is this a good model to follow? An expert analyses the situation. It really is a good, insightful listen.
Article of the week š°
A dream article, incredibly succinct yet packed with powerful insight. Featuring Steve Jobs, it explores the overwhelm of opportunities we face.
Quote of the week š¬
Expect the best. Prepare for the worst. Capitalize on what comes. - Zig Ziglar
Final week of the year. Letās end it on a good note, whatever that may be for you.
Adi
Just invented a phrase! Look at me, all fancy and figurative.
Another example that came to mind is my email inbox unread count. Back in 2019 and 2020, I was a stickler to Inbox Zero. A new unread email would be a mini-crisis. Now, this number stands at a grand 274 and my storage 95% full - it clearly doesn't perturb me as much any more.
https://eugeneyan.com/writing/seven-habits-that-shaped-my-decade/
If you talk about individual things then no there isn't a finish line for most people. However if you look at the big picture of life in general there is. Therefore especially for those for more hardships you can't get off this treadmill as you are always trying to provide for a family and as well fund activities to increase the wellbeing/happiness of your family. Therefore if one were to take time to reflect and get off said treadmill not only do you still move towards the finish line of life but the treadmill steepens so it is harder to continue on the treadmill after you have taken the time to reflect!
Thanks Adi for another great article/blog post.