Financial Fitness For Your Kids

nospam@example.com (Peak Advisor Alliance) — Thu, 23 Jun 2011 08:02:00 -0500

Just as important as learning to read, write, and count, children need to begin learning at a young age about money. Teaching a child about fiscal responsibility may be one of the most important lessons you can leave the next generation. Now you can use technology to help you.

So Tell Us!
What’s the best lesson you learned as a kid about money? Who taught you?

Can Money Really Buy You Happiness?

nospam@example.com (Peak Advisor Alliance) — Wed, 06 Apr 2011 07:51:06 -0500

Read this article to see what one past keynote speaker from our Excell Meetings seems to think. Then read Steve Sanduski’s blog post, How Much Money Do You Need to Be Happy.

How Much Money Do You Need to Be Happy?

nospam@example.com (Peak Advisor Alliance) — Thu, 17 Mar 2011 13:21:09 -0500

By Steve Sanduski, CFP®

“Anybody who thinks money will make you happy, hasn’t got money,” according to billionaire David Geffen. Now we have a new scientific study that helps quantify the connection between money and happiness.

Researchers Daniel Kahneman and Angus Deaton of Princeton University analyzed data from the Gallup-Healthways Well-Being Index and tried to determine how income affects an individual’s emotional well-being and overall life satisfaction. They measured emotional well-being as an individual’s day-to-day level of happiness (e.g., how much enjoyment, laughter, smiling, anger, stress, or worry they experience each day), while overall life satisfaction was measured as an individual’s satisfaction with their life in general.

Here’s what they found.

As a person’s annual income rises up to about $75,000, their emotional well-being, or day-to-day happiness, rises, too. But, beyond $75,000 in annual income, there was no additional boost to day-to-day happiness, according to the researchers’ article published in the Proceedings of the National Academy of Sciences and reported by Inc. magazine.

What’s the key to $75,000? According to LiveScience.com, “The researchers suggest that making anything more than $75,000 no longer improves a person’s ability to spend time with friends, avoid pain and disease, and enjoy leisure time – all factors involved in emotional well-being.”

Ah, but more money does increase overall life satisfaction. According to the Inc. article, “With every doubling of income, people tended to say they were more and more satisfied with their lives on a 10-point scale – a pattern that continued for household incomes well above $120,000.”

Do these findings hold true for you and your clients?

Peak Advisor Alliance - Blog (Entries tagged as money)

Financial Fitness For Your Kids

Can Money Really Buy You Happiness?

How Much Money Do You Need to Be Happy?