Mothers who took
more than three years off earned 30% less than childless women at age 40, one
Statistics Canada report says.
Scientists in
neuroeconomics (the study of how we make economic decisions) break happiness
into two types: 1. Life satisfaction: an evaluation of your well-being as a
whole (the kind of happy where you're pleased with life in general). 2. Day-to-day mood: the highs and lows.
How happy are you on
a scale of one to ten? Now think about how much money you have in the bank,
your salary. How much more money would
you need to be a perfect 10?
Neighbours of
lottery winners are more likely to declare bankruptcy within a few years of the
big win.
Each American throws
away 7.1 pounds of garbage every day and 102 tons in a lifetime. At the end of our lives, we'd need one grave
for our bodies, 1,100 for our trash.
To help you achieve
maximum joy with your dollars, I'm going to suggest three types of things to
spend on: 1. Experiences 2. Time Savers 3. Anticipation. These things, according to research, will
make you happier in the long run and give you a greater return on your
investment.
A (not so) secret of
mega-successful people: they continue to invest in themselves.
Buying anything that
improves the way you spend your time is money well spent.
I often hear people
say that they'd love to work with a financial advisor but they're waiting until
they have more money put aside or until their debt is paid off. That's like saying you'll hire a running
coach after completing your first marathon.
Look at problems as
solutions waiting to happen.
Debt is one of the
biggest predictors of relationship strife.
Every 10-fold increase in consumer debt is associated with a 7% increase in the likelihood of divorce.
