Lending Club Blog

Abundance Reduces Appreciation

When thinking of the abundance in our lives, it’s easy to forget that beyond a certain point, positive benefits can become negative. I’m reminded of William Dean Howells’ story Christmas Every Day. The little girl wishing for that quickly learns the moral that too much of a good thing isn’t.

While abundance reduces appreciation, a corollary could be that scarcity enhances appreciation. So it is with a friend of mine. This friend has taken thriftiness past frugality into the realm of cheap, though some of his actions are still worthy of consideration for those struggling to live on a tight budget. His refusal to pay for cable television is one example. As a result of this cost-conscious decision, he can only watch one baseball game a week, on Friday night, when the game is broadcast on a non-cable channel. Knowing that Friday nights are the only times to enjoy a game, his family plans the entire evening around the game and never misses it. I am sure that he enjoys that one game each week much more than the collective enjoyment I receive from being able to watch every game, in high-def, no less.

This phenomenon shows just one way that we can get more from less in our lives. There are surely many similar examples. The point of this discussion is not to weigh the benefits and opportunity costs of paying for cable, but it does remind us that rethinking needs and wants isn’t just about reducing spending. At times, the abundance of spending more actually reduces your overall enjoyment rather than enhancing it. What are some of the ways that you’ve applied the “less is more” philosophy in your own life?

Friday, November 21st, 2008 at 3:29 pm

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Reaches $16 Billion

Lending Club’s facilitated more than $16 billion in loans… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

New Infographic on Small Business Financing

Check out our latest infographic on the state of… Read More »
December 17, 2015

More Data Coming for Investors

We’re always seeking feedback and looking to make the… Read More »
November 10, 2015

Lending Club Surpasses $13 Billion

Check out our updated infographic to see what a… Read More »
October 29, 2015

Lending Club Launches Multi-Draw Line of Credit for Small Businesses

We’re excited to announce the… Read More »
October 16, 2015

Bloomberg Markets Names Renaud Laplanche on its 2015 “Most Influential” List

Read More »
October 6, 2015

Congratulations, Carrie! Named 2015 Financial Woman of the Year by The Financial Women of San Francisco

Read More »
October 5, 2015

Congratulations to Carrie Dolan – Named one of American Banker’s 2015 Most Powerful Women in Finance

Read More »
September 22, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w