The key? Focus on flavor.
It's not the act of buying but how you spend money that improves happiness and life satisfaction.
- To prove money can't buy happiness, people point to millionaires and lottery winners who ruined their lives.
- Psychological studies have shown that learning how to spend your money can improve overall happiness.
- We explore eight money-spending principles that research suggests can bolster life satisfaction.
We're living longer than ever, but few of us will save enough to afford this historical boon.
- A person reaching 65 today can expect to live into their mid-80s, many into their 90s.
- A 30-year retirement requires a nest egg of more than $1 million, yet 77 percent of American households fall short of such savings and investments.
- Experts recommend several strategies for affording a longer life, such as pushing the retirement age back to at least 70.
Stressed? Work out anyway.
A new study contradicts some popular wisdom that says sharing your goals is always a bad idea.
- A 2009 study and a 2010 TED talk have helped spread the idea that sharing your goals is a bad idea because it disincentives people.
- The study found that people who shared their goals with people whom they considered to be of higher status were more likely to achieve their goals.
- However, it's possible that caring too much about the opinions of higher-status people might make you too anxious to achieve your goals.