Here we are on the verge of another annual shopping season. It’s a great time to rethink your spending habits. Some big-time quality of life gurus like to tell us to Buy Experiences, Not Things! Because… wait for it…
Retirement is a game of probabilities – especially early retirement. One of the key risks you face in early retirement is the possibility that your portfolio will run dry. We can plan. We run scenarios, and we try to minimize the risk of failure.
Ah yes, the eternal question: What makes you happy? Being happy is, after all, the ultimate challenge in life, the holy grail. Everything we do to make money or to gain power, status, or success – is ultimately because we seek happiness.
Do you know how much money you need to be happy? This is a timeless question. The truth is that we don’t need nearly as much money as most people think. There is plenty of research that says most of the happiness you can obtain can be achieved at a basic standard of living.