The Relationship Between Money and Happiness

My happy place costs around $20, excluding tax. A few cold beers on a beach with family or friends is enough to make me feel satisfied in life. I suppose there are finer beaches than along the Detroit river, which is closest to me. But I’ve drank beers on beaches in other states and otherContinue reading “The Relationship Between Money and Happiness”

Are You Financially Resilient?

A young woman in the Land of Oz asks her way to Kansas. “If I were you,” she is unhelpfully told, “I wouldn’t start from Oz.” But if Oz is where you are, you have no choice; from there is where you start. That is how it is with many financial hardships. We must startContinue reading “Are You Financially Resilient?”

Stories That Make You Rich or Go Broke

Why do you make certain decisions? How can you make better ones? Perhaps, you need a better story. I think finance is synonymous with storytelling. Wall Street publishes more stories than the publishing industry. Exhibit A is the GameStop saga, where a group of day traders bid up the beleaguered video game retailer’s stock priceContinue reading “Stories That Make You Rich or Go Broke”

3 Retirement Myths of the Social Media Era

Social media has altered our perceptions of success, relationships, politics, culture and even retirement. But know this: no matter what type of designer retirement you think you have put together for yourself, bereavement, illness, ennui and financial challenges happen to everyone. No amount of wealth, success, power or planning can make you impervious to them.Continue reading “3 Retirement Myths of the Social Media Era”

The Power of Framing in Money, Life

In a consumerist culture, happiness is closely associated with wealth. The more you earn, the more you can buy, the happier you will feel. Yet, there is a reason why studies show older adults are happier, and it’s not from accumulating massive levels of wealth. The secret is found in a quote attributed to RomanContinue reading “The Power of Framing in Money, Life”

What You Appreciate, Appreciates

A fundamental principle for growing wealth, love, happiness — everything — lives in a remote corner of India. More than 40 years ago, a humble farmer named Jadav Payeng started to plant trees on a desolate river island. Known as “The Forest Man of India,” he planted tens of thousands of trees — bamboo, cottonwoodContinue reading “What You Appreciate, Appreciates”

Hitting Pause on the Hedonic Treadmill

One of the most important parts of surgery occurs away from the operating table. Before the procedure begins, the surgical team takes a timeout. A bulletin from the American College of Surgeons describes it as “an immediate pause… to confirm the correct patient, procedure and site.” This calculated pause has been shown to significantly improveContinue reading “Hitting Pause on the Hedonic Treadmill”

The 44 Stages of Living Through a Financial Crisis

As 2020 mercifully comes to an end, newspapers and magazines are releasing their best-of and year-in-review lists. There is much to reflect upon, or eagerly forget. But, as someone just shy of 40, one of the things that sticks out most to me is the fact this year marked the second major financial crisis ofContinue reading “The 44 Stages of Living Through a Financial Crisis”

Lessons of an Anonymous Financial Writer

Broke, jobless, with a child on the way — I became a financial writer out of desperation. Some people start writing about money in hopes of becoming a kind of finance guru; some do it in hopes of attracting new clients to their advisory business. I just wanted a paycheck. What I earned though wasContinue reading “Lessons of an Anonymous Financial Writer”