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.
Financial life planning can bring inspiration, excitement and peace of mind into your life, but for some, the idea can be scary and overwhelming.
It’s a big, old, complicated world out there when it comes to achieving financial success. It means different things to different people and there are infinite ways to get there. It’s hard to know where to begin and it can be difficult to see what you’re aiming for. It can be like to starting toContinue reading “The Five Blocks of Financial Success”
Why does time seem to speed up as we get older? And what is the ‘Holiday Paradox’? These are a couple of questions I’ve been reflecting on during the last year of lockdowns and travel bans. As Covid restrictions begin to ease, my thoughts are now turning to a summer holiday. Nowhere fancy, but aContinue reading “The Holiday Paradox – why time speeds up”
Most people retire poor, or at least they don’t fulfil their dreams. That seems to be the consensus of statisticians and academic studies. In the UK, nearly 2 million pensioners are defined as being in poverty, according to Age UK. That means living on less than 60% of the UK’s average income. Many more don’tContinue reading “Why people retire poor: Parkinson’s Law”
This weekend brought the sad news of Prince Philip’s passing at the age of 99. But much less public, was news that someone from my year at school passed away, aged just 49. A difference in life span of half a century. When we are touched by the death of another person, it can causeContinue reading “The biggest end-of-life regrets”