By the Price of Business Show, Hosted by Kevin Price. The Price of Business is a media partner of this site.
My friend Avi is a great barber. His customers, myself included, refer to his golden hands—his ability to satisfy my son’s desire to look like Ronaldo, or a woman’s desire before her daughter’s wedding to look like Grace Kelly. Putting his phenomenal skills together with his sound business sense, Avi could have easily expanded his business far beyond his little salon.
So I asked him one day why he chose not to grow his business by adding a bigger place in a more central location in the city, or by opening other branches. Avi said he’d thought about it several times but in the end decided against it: “I asked myself, is this something I really want, or is it something others think I should do?” He went on to describe the can-must link that’s so pervasive in our culture: the belief that if you can grow, you must grow. But why?
Avi explained that over a decade ago, he understood that no matter how much he had—a bigger house, a faster car, a fatter bank account—he would always want more. He could choose to continue in the rat race and never satisfy his desires, or he could stop the race and be satisfied with what he had. He went on to quote a Jewish source, the Chapters of the Fathers: “Who is rich? He who is happy with his lot.”
Cutting hair in his small salon gives Avi the emotional gratification no amount of money could buy. His daily experiences were worth more than all of the gold in Fort Knox because happiness, not wealth or prestige, is the ultimate currency.
What, for you, is worth all of the gold in Fort Knox? Can you envision something in your life that would provide you with an abundance of happiness? To identify sources of the ultimate currency in your life, follow these four steps:
Step 1: Record your daily activities. For a week (or two), keep a record of your daily activities. Throughout the day, write down how you’ve spent your time, from a twenty-minute session responding to e-mails to a night of binge-watching TV. This record doesn’t need to be a precise, minute-by-minute account of your day, but it should give you a sense of what your days tend to look like.
Step 2: Assign meaning and pleasure. Once your activity list is complete, create a table that lists each activity, how much meaning and pleasure the activity provides, and how long you typically spend doing it. Indicate whether you’d like to spend more or less time on each activity by adding a “+” for more time or a “++” for a lot more time. If you’d like to spend less time on the activity, put a “−” next to it; for a lot less time, write “−−.” If you’re satisfied with time you’re investing in a particular activity, or if changing the amount of time you spend isn’t possible for one reason or another, add an “=” next to it.
Step 3: Highlight activities with high-yield happiness. Which of your activities provide the most happiness in the least about of time? Are there things you don’t do now, but would yield significant profits in the ultimate currency? Would going to the movies once a week contribute to your well-being? Would it make you happier to devote four hours a week to your favorite charity and to work out three times a week? If you have many constraints and can’t introduce significant changes, make the most of what you have.
Step 4: Introduce happiness boosters. What happiness boosters—brief activities that provide both meaning and pleasure—could you introduce into your life? If your commute to work is a drag but is unavoidable, try to infuse it with meaning and pleasure. For instance, you could listen to audio books or your favorite music for part of the ride. Alternatively, take the train and use the time to read. Then, as much as possible, ritualize these changes.
One of the many lessons I learned from my barber is that material wealth is not a prerequisite for the ultimate currency, and that dollars and cents are no substitute for meaning and pleasure. As the psychologist Carl Jung once said, “The least of things with a meaning is worth more in life than the greatest of things without it.”
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Tal Ben-Shahar, PhD, taught the largest course at Harvard, Positive Psychology, and the third-largest, The Psychology of Leadership, attracting 1,400 students per semester—approximately 20 percent of all Harvard undergraduates. For the last fifteen years, he has taught leadership, happiness, and mindfulness to audiences around the world. He is the co-founder of the Happiness Studies Academy and author of six books, including his newest release, Short Cuts to Happiness, and the international bestsellers Happier and Being Happy, which have been translated into more than twenty-five languages. Learn more at talbenshahar.com.
