The hedonic treadmill is the tendency for humans to quickly return to a relatively stable level of happiness, despite major positive or negative events in life. As a person makes more money, expectations and desires rise, so there is no permanent gain in happiness.
If you truly nurture your wealth, you’re in the enlightened minority. Many of us nurture our gardens, our children and hopefully our health. But the idea of growing assets can seem vulgar to some, undeserved by others. A whole range of emotions come in to play with this topic, but really, it’s about investing forContinue reading “5 Ideas to Nurture Your Wealth”
Having money set aside for a rainy day is very appealing, but don’t confuse that with planning for unexpected money emergencies. A basic principle of good financial planning is to keep at least 3 to 6 months’ of expenditure as an emergency fund. Most people in the UK have not yet managed to save thisContinue reading “Rainy days and money emergencies”
There are really only two finite things you can spend in life: money and time. The question is, do you savour your spending of each? And can financial success be achieved by building a higher appreciation of what you already have? Try these five activities to get more control over your daily finances and improveContinue reading “How to Savour Your Spending”
Money can’t buy happiness, as the saying goes. It’s true that you can’t just walk into the local “wellbeing” shop and purchase your desired level of happiness. But surely there must be a link between money and how we feel? Financial wellbeing is about the study and application of how money can make us happier,Continue reading “How financial wellbeing can improve your overall happiness”
Whilst on holiday, touring the Highlands of Scotland, I’ve been making good use of my inflatable paddle board. It’s not always easy to get balance right and I’ve found myself in cold water a few times. Unfortunately, I have a small leak, which means having to boost the paddle board with some additional inflation everyContinue reading “Like your finances, my paddle board needs the right amount of inflation”
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