#033 l Best purchase at $100 & $1000, Spend for happiness, How to develop new hobbies

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Questions

1. “What did you find was valuable to buy at $100 and $1,000?” - From JT

2. “I keep telling myself I need to develop new hobbies, but I spend so much of my free time mindlessly scrolling on social media or binging shows. How can I break this habit and develop a healthier routine?” - From Lindsey

Summary

Question 1:

Su Hawn discusses the value of spending money wisely, comparing the impact of purchases at the $100 and $1,000 levels. He emphasizes the importance of investing in items that enhance knowledge and well-being, such as a Kindle, new shoes, and a blender. Additionally, he advocates for spending on services like massages and personal training, which provide lasting benefits and improve quality of life. The discussion highlights how thoughtful spending can lead to greater happiness and satisfaction.

Question 2:

Su Hawn addresses the challenge of breaking free from mindless scrolling and developing healthier routines through hobbies. He emphasizes the importance of scalability, aspirational identity, and minimal friction in choosing hobbies that can lead to personal growth and fulfillment. By understanding these attributes, individuals can select hobbies that not only bring joy but also align with their desired identity and lifestyle.

Takeaways

• There are more options at $100 versus $1,000.

• Purchases should change the way you live your life.

• Striving for more than 'fine' in your life is essential.

• Thoughtful spending can lead to greater happiness.

• Developing new hobbies can help break the cycle of mindless scrolling.

• Lasting hobbies have three key attributes: scalability, aspirational identity, and minimal friction.

• Scalability allows hobbies to be enjoyed alone or with others, enhancing the experience.

• Aspirational identity involves choosing hobbies that align with who you want to become.

• Minimal friction is crucial for maintaining consistency in hobbies.

• Setting goals within hobbies can provide motivation and a sense of progress.

Sound Bites from the episode