Your Work Makes You Happier Than You Think

Shanna Davis • April 5, 2018

While we may think we dislike our work, research shows we’re considerably less happy doing nothing.

The great paradox of working for a living , according to a recent longread by Derek Thompson for The Atlantic , is “that while many people hate their jobs, they are considerably more miserable doing nothing.”

The research backs this up. We think we’re happiest when not working, but studies show that Sunday at noon—a time when we’re usually up to nothing—is when we feel the least happy. Our best moments come when we’re actively engaged in what we’re doing—not passively vegging on the couch.

This mistaken impression comes up all the time in how we behave: we don’t act in ways that make us happy. For example:

  • We buy homes in the suburbs, even though a shorter commute is shown to have a significantly better effect on our happiness and wellbeing. With a one-hour daily commute, you have to earn 40% more to be as satisfied with your work as someone who walks to the office every day.
  • We think buying more crap will make us happy, but we very quickly adjust to what we have .
  • More than half of us don’t use up our vacation time because we want to get more accomplished at work—when really, nothing has a more positive impact on our productivity than [taking the time] to disconnect, unwind, and recharge.

Work is the same way. In the absence of it, we gravitate towards doing nothing—after all, doing nothing takes considerably less effort than engaging in more complex projects. But doing nothing, especially in large doses, has been shown to make us deeply unhappy.

This affects those who are unemployed as well. As Derek writes, “Two of the most common side effects of unemployment are loneliness, on the individual level, and the hollowing-out of community pride. […] The unemployed theoretically have the most time to socialize, and yet studies have shown that they feel the most social isolation.”

On top of keeping us happy and engaged with life, work gives us something to be proud of. As Derek writes, “[c]ontentment speaks in the present tense, but something more—pride—comes only in reflection on past accomplishments.”

As Michael Lewis puts it in his great new book The Undoing Project , “It is a cognitive and emotional relief to immerse oneself in something all-consuming while other difficulties float by. The complexities of intellectual puzzles are nothing to those of emotional ones. Work is a wonderful refuge.”

But work is more than just an activity that gives us money and purpose: it’s also the process through which the world functions. It lets us, as individuals, produce goods and services for one another. As a whole, human beings value effort. To illustrate this idea, I love this story from behavioral economist Dan Ariely, as quoted in the BBC:

. . .”Early in his career, the locksmith “was just not that good at it: it would take him a really long time to open the door, and he would often break the lock,” Ariely says. Still, people were happy to pay his fee and throw in a tip. As he got better and faster, though, they complained about the fee, and stopped tipping. You’d think they would value regaining access to their house or car more swiftly. But what they really wanted was to see the locksmith putting in the time and effort – even if it meant a longer wait.”

While the nature of our work is always changing—whether on a societal or individual level—it’s more valuable than we think. And because of how engaged we are in our work—especially relative to doing nothing—it makes us happier than we may think, too.

 

This article was written by Chris Bailey, chief productivity expert over at “A Life of Productivity” – It was originally published here on May 15th 2017. 

SHANNA DAVIS

Mortgage Broker

CONTACT ME

RECENT POSTS

By Shanna Davis May 21, 2026
Cashback Mortgages: Are They Worth It? Here’s What You Need to Know If you’ve been exploring mortgage options and come across the term cashback mortgage , you might be wondering what exactly it means—and whether it’s a smart move. Let’s break it down in simple terms. What Is a Cashback Mortgage? A cashback mortgage is just like a regular mortgage—but with one extra feature: you receive a lump sum of cash when the mortgage closes . This cash is typically: A fixed amount , or A percentage of the total mortgage , usually between 1% and 7% , depending on your mortgage term and lender. The money is tax-free and paid directly to you on closing day. What Can You Use the Cashback For? There are no restrictions on how you use the funds. Here are some common uses: Covering closing costs Buying new furniture Renovations or home upgrades Paying off high-interest debt Boosting your cashflow during a tight transition Whether it’s to help you settle in or catch up financially, cashback can offer a helpful buffer— but it comes at a cost . The True Cost of a Cashback Mortgage Here’s the part many people overlook: cashback mortgages come with higher interest rates than standard mortgages. Why? Because the lender is essentially advancing you a small loan upfront—and they’re going to make that money back (and then some) through your mortgage payments. So while the upfront cash feels like a bonus, you’ll pay more in interest over time to have that convenience. Breaking Down the Numbers It’s hard to give a blanket answer about how much more you’ll pay since it depends on: Your interest rate The cashback amount The mortgage term Your payment schedule This is why it’s important to run the numbers with a mortgage professional who can help you compare this option with others based on your personal financial situation. Are You Eligible for a Cashback Mortgage? Not everyone qualifies. Cashback mortgages generally come with stricter requirements . Lenders often want to see: Excellent credit history Strong, stable income Low debt-to-income ratio If your mortgage file includes anything “outside the box”—like being self-employed or recently changing jobs—qualifying for a cashback mortgage might be tough. What If You Need to Break the Mortgage? This is one of the biggest risks with cashback mortgages. If your circumstances change and you need to break your mortgage early, you could be on the hook for: Paying back some or all of the cashback you received, and A prepayment penalty (typically the interest rate differential or 3 months’ interest—whichever is higher) That can be a very expensive combination. So if there’s even a chance you might need to sell, refinance, or move before your term is up, a cashback mortgage might not be the best fit. Should You Consider a Cashback Mortgage? Maybe—but only with eyes wide open. Cashback mortgages can be helpful in the right scenario, but they’re not free money. They’re a lending tool that benefits the lender , and the key is knowing exactly what you’re agreeing to. Final Thoughts: Talk to an Expert First Choosing the right mortgage isn’t just about the lowest rate or the biggest perk—it’s about making a choice that fits your whole financial picture. If you’re considering a cashback mortgage, or just want to explore all your options, let’s talk. As an independent mortgage professional , I can help you weigh the pros and cons of various products, so you can make a confident, informed decision. Have questions? I’d be happy to help—reach out anytime.
By Shanna Davis May 7, 2026
Can You Afford That Mortgage? Let’s Talk About Debt Service Ratios One of the biggest factors lenders look at when deciding whether you qualify for a mortgage is something called your debt service ratios. It’s a financial check-up to make sure you can handle the payments—not just for your new home, but for everything else you owe as well. If you’d rather skip the math and have someone walk through this with you, that’s what I’m here for. But if you like to understand how things work behind the scenes, keep reading. We’re going to break down what these ratios are, how to calculate them, and why they matter when it comes to getting approved. What Are Debt Service Ratios? Debt service ratios measure your ability to manage your financial obligations based on your income. There are two key ratios lenders care about: Gross Debt Service (GDS) This looks at the percentage of your income that would go toward housing expenses only. 2. Total Debt Service (TDS) This includes your housing costs plus all other debt payments—car loans, credit cards, student loans, support payments, etc. How to Calculate GDS and TDS Let’s break down the formulas. GDS Formula: (P + I + T + H + Condo Fees*) ÷ Gross Monthly Income Where: P = Principal I = Interest T = Property Taxes H = Heat Condo fees are usually calculated at 50% of the total amount TDS Formula: (GDS + Monthly Debt Payments) ÷ Gross Monthly Income These ratios tell lenders if your budget is already stretched too thin—or if you’ve got room to safely take on a mortgage. How High Is Too High? Most lenders follow maximum thresholds, especially for insured (high-ratio) mortgages. As of now, those limits are typically: GDS: Max 39% TDS: Max 44% Go above those numbers and your application could be declined, regardless of how confident you feel about your ability to manage the payments. Real-World Example Let’s say you’re earning $90,000 a year, or $7,500 a month. You find a home you love, and the monthly housing costs (mortgage payment, property tax, heat) total $1,700/month. GDS = $1,700 ÷ $7,500 = 22.7% You’re well under the 39% cap—so far, so good. Now factor in your other monthly obligations: Car loan: $300 Child support: $500 Credit card/line of credit payments: $700 Total other debt = $1,500/month Now add that to the $1,700 in housing costs: TDS = $3,200 ÷ $7,500 = 42.7% Uh oh. Even though your GDS looks great, your TDS is just over the 42% limit. That could put your mortgage approval at risk—even if you’re paying similar or higher rent now. What Can You Do? In cases like this, small adjustments can make a big difference: Consolidate or restructure your debts to lower monthly payments Reallocate part of your down payment to reduce high-interest debt Add a co-applicant to increase qualifying income Wait and build savings or credit strength before applying This is where working with an experienced mortgage professional pays off. We can look at your entire financial picture and help you make strategic moves to qualify confidently. Don’t Leave It to Chance Everyone’s situation is different, and debt service ratios aren’t something you want to guess at. The earlier you start the conversation, the more time you’ll have to improve your numbers and boost your chances of approval. If you're wondering how much home you can afford—or want help analyzing your own GDS and TDS—let’s connect. I’d be happy to walk through your numbers and help you build a solid mortgage strategy.