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LATEST FROM THE BLOG

Experiences over security

Could Experience Trump Our Desire to Feel Secure?

You probably know the refrains by now: Experiences trump stuff. Experiences tend to bring us happiness. More stuff tends to breed discontent. There’s a wealth of research to back up these ideas up. But the idea that you can leave a stable job, a 401(k), sell your house, retrofit your van and spend a couple of years living out of it by yourself, or with your spouse, or even with your kids, is something completely different. Not only is it different, it’s mind-blowing. This mind-blowing concept is not the choice of experience over stuff. It’s not even experience over stability. It’s experience over security. And that is a very fascinating development in our culture.

PST_ExperiencesStuff

Rich On Any Income

Last week, I touched on a the idea of being how much we save mattering more than how much we earn and whether we feel “rich.” Today, I want to dive into the idea of what it means to be “rich” because that definition is so personal. After all, it’s really difficult to measure units of happiness, and in a way, our level of happiness drives, in large part, whether we feel “rich.”

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It’s About How Much You Spend

Financial success is almost always not only about how much you earn, but also about how much you spend. We’ve known people who’ve grown “rich” (however you define that), on any income. It sounds obvious, but they’ve figured out how not to spend it all by aligning their spending with what’s most important to them.

Isnt that interesting

30 Days, 3 Seconds: A Money Experiment for Awareness

I talk to many people who have problems with spending. Sometimes it’s friends. Sometimes it’s co-workers. Sometimes it’s neighbors. And yes, sometimes I talk to myself about my own struggles. What I’ve discovered over the years is that most of our problems do not come down to income. Instead, we don’t notice enough. Spending mindlessly, without even thinking about it, has become a national bad habit. And we all know how hard it is to break habits. So we make the same mistakes over and over again.