Feb 28, 2023
Is there a correlation between happiness and money? We’ve talked about how having money does make people happy, at least up to a certain threshold. Once all of our needs are met, the happiness brought by money begins to diminish. More and more money does not necessarily bring more and more happiness, but could...
Feb 21, 2023
James recently read an article about millionaires spending their time differently, which made them happier. It’s not the money that makes them happier. It’s how they spend their time. James has noticed that clients who aren’t millionaires and spend their time the same way also seem happier.
These three things...
Feb 14, 2023
Loss aversion is a cognitive bias that is frustrating regarding money. James has talked about loss aversion and cognitive bias in previous shows. Today he is going to couple loss aversion with benefit discounting and how this can create a toxic financial mix. Humans will prioritize avoiding loss over achieving a gain.