Money
Exploring the complex relationship between capital, character, and contentment. A data-driven look at personal finance as a tool for a better life.
Essentials
Personal finance priority steps: a guide to managing your money
This guide provides a step-by-step approach to personal finance, answering the common question, “What should I do with my money?”…
Having an emergency fund makes people measurably happier
Easily accessible savings, known as precautionary savings, have a profound positive effect on individual well-being. This type of savings provides…
Any strength training is tied to a 23% lower risk of early death
In 80,306 adults in England and Scotland, any strength training was linked to a 23% lower risk of early death. In US adults over 50, low muscle strength went with about twice the odds of dying.
Happiness keeps rising with income for about 80% of people
A 2023 PNAS reanalysis by Killingsworth, Kahneman, and Mellers of 1.7 million phone reports found happiness rising with income for most American workers; only the least happy 15 to 20% stopped gaining above $100,000 a year.
Money and Life
Private renting is linked to faster biological aging than obesity
In 1,420 British adults, private renters showed about 2.4 extra weeks of biological aging per year compared with outright owners, twice the link seen for obesity. Social renters showed no difference.
Attractive individuals earn higher wages
Research shows that physical attractiveness positively influences earnings, as good-looking individuals are often seen as more competent and confident. This…
Self-discipline matters more than IQ for financial success
A Nobel Prize-winning economist argues that while intelligence can contribute to success, it isn’t the sole determinant of wealth. Instead,…
Spending on experiences leads to quicker happiness than possessions
Spending money on experiences rather than material goods tends to bring more immediate and lasting happiness. Researchers Amit Kumar from…
Deeper Dives
Father sacrifices his life for early retirement, only to die from cancer soon after
The story of a father who sacrificed his happiness and health to retire early, only to be diagnosed with terminal…
Charlie Munger credits happiness to living in the same home for over 70 years
Charlie Munger, the longtime vice chairman of Berkshire Hathaway, attributes much of his happiness and satisfaction to living in the…
Fear changes how women make financial decisions
Women tend to exhibit more conservative financial behavior than men when experiencing fear, according to recent research. While fear significantly…
American millennials say they need $43,000 a month to feel satisfied
US gen Z and boomers around 10 000$/month, West Europe 8 000$/month, and East Europe 3750$/month.
More about money & happiness in the survey.
videoPC hardware is turning into a rip-off: half-baked parts at double the price
Hardware reviewer “Advic” delivers an unsparing rant about how quickly mainstream PC components have become luxury goods.He believes the modern…