Psychic Income

Psychic Income

The value of an item over and above its cost. For example, one may spend $100,000 on one's first house, but this is offset psychologically by the pride of owning a home. Psychic income is intangible, but can add value.
References in periodicals archive ?
Teaching for them is such an activity that produced a psychic income that no amount of financial compensation can match.
You see, you spend a good piece of your life helping the poor, obscure and powerless, pro bono ('puro abono') and you will realize that law is a jealous mistress indeed and that psychic income is fulfilling, the dream that drives one to law school in the first place.
The Electric Sounds and the Gogos (the only female mobile DJ crew at the time) began DJing in their own communities and generated what the author terms "psychic income," which entails both monetary and "social currency" (pp.
Reporters can reap psychic income for their work, for example, and the proliferation of investigative journalism prizes show that they're cleaning up in that market.
There used to be psychic income paid to the reporters at the best newspapers.
"I think successful entrepreneurs want to give back to get that psychic income and create economic vibrancy in the region and the state," Kaplan said
Work contributes to essential relationships that yield crucial psychic income. And as the structure of work changes, so do our relationships and our society.
It related to "Psychic Income" - something US researchers discovered when looking at the effects of sports teams on their communities.
My good friend once referred to the true payment from his camp job as "psychic income"--a cheesy statement to be sure, but one that we can all relate to as camp professionals when we see the smiles on our kids' faces.
Rather, I posited that this $100 of benefit would take the form of pure subjective and psychic income. There is no objective market-based value to the farm at all.