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. It’s about reflecting on what’s truly important to you.
Confidence with money is not especially high in the UK. 39% of adults don’t feel confident managing their money. But help is at hand.
Your happiest retirement age is a personal choice and it doesn’t need to be aligned with the state pension, or your employer’s pension.
Have you noticed that time seems to pass more quickly as you get older? That’s the effect of the Holiday Paradox and it’s worth making efforts to understand this before life passes by and you’re in old age before you know it.
Financial success is different for everyone, but the journey towards it should be enjoyed as much as the destination.
End of life regrets are not really something we think about until our final months. But maybe we should face into this earlier in life.
The differences between financial coaching, planning and advice can get blurred, so let’s take a look at some of the key points.