This guide provides a step-by-step approach to personal finance, answering the common question, "What should I do with my money?" It emphasizes budgeting and prioritizing financial goals, starting...
Life > Money
Father sacrifices his life for early retirement, only to die from cancer soon after
The story of a father who sacrificed his happiness and health to retire early, only to be diagnosed with terminal cancer shortly afterward. He lived frugally, saving diligently, but his overly...
Precautionary savings boost overall happiness
Easily accessible savings, known as precautionary savings, have a profound positive effect on individual well-being. This type of savings provides a psychological buffer, alleviating stress related...
Charlie Munger credits happiness to living in the same home for over 70 years
Charlie Munger, the longtime vice chairman of Berkshire Hathaway, attributes much of his happiness and satisfaction to living in the same home for over 70 years. He believes that staying in one...
Renting can accelerate aging more than obesity and smoking
Living as a tenant accelerates biological aging more than being obese, unemployed, or a former smoker, according to recent research. Housing insecurity and related stress factors contribute...
Attractive individuals earn higher wages
Research shows that physical attractiveness positively influences earnings, as good-looking individuals are often seen as more competent and confident. This perception leads to higher salaries,...
Financial success is correlated with conscientiousness: self-discipline, perseverance, and diligence – not intelligence.
A Nobel Prize-winning economist argues that while intelligence can contribute to success, it isn't the sole determinant of wealth. Instead, personal traits like perseverance, social skills, and...
Fear changes how women make financial decisions
Women tend to exhibit more conservative financial behavior than men when experiencing fear, according to recent research. While fear significantly impacts both genders, women are more likely to...
Weightlifting boosts focus, discipline, and mental health,and can make you richer
Weightlifting is linked to increased longevity through muscle preservation, better metabolic health, and reduced chronic disease risks. Lifting heavy weights may also enhance strength and indirectly...
US millennials need 43 000$/month to be happy
How much money people need to be happy? US millennials need 43 000$/month to be happy. US Gen Z, Gen X and Boomers need 10 000$/month to be happy. Europeans need 8 000$ to be happy....
Money is a factor of happiness
Higher income increases overall life satisfaction, yet it does not significantly improve daily emotional well-being beyond an annual income of around $75,000. While life evaluation continues to rise...
PC hardware is turning into a rip-off: half-baked parts at double the price
Hardware reviewer "Advic" delivers an unsparing rant about how quickly mainstream PC components have become luxury goods.He believes the modern component market has shifted from exciting to...
Spending on experiences leads to quicker happiness than possessions
Spending money on experiences rather than material goods tends to bring more immediate and lasting happiness. Researchers Amit Kumar from the University of Texas at Austin, along with colleagues...