In terms of adult development theory, turning 50 is typically a time in life when individuals rethink the direction their lives are taking, confront their own mortality, and dare to ask themselves, “Am I really happy?” However, what distinguishes Baby Boomers from previous generations is that they wear their mid-life angst on their sleeves. […]
There is a lot of truth to the old saying, “if you don’t know where you are going, any road will take you there.” Therefore, it is important to be deliberate in planning for your personal and professional success. One of the easiest and most effective ways to shape your future is to ask yourself powerful […]
*Be sure to read the author’s note and special announcement at the end of this blog post! In the Happiness Hypothesis, psychologist Jonathan Haidt wrote that long ago he developed a metaphor to help him make sense of his often self-sabotaging behaviors: The image that I came up with for myself, as I marveled at […]
Although a number of studies have focused on the effect of income on happiness, Elizabeth Dunn, a socialpsychologist at the University of British Columbia, also wanted to understand the effect of spending choices on happiness.
For example, previous research clearly demonstrated that income has a predictably positive effect on level of happiness, but these levels remain flat over time even as income increased. This finding puzzled Dunn and she wanted to find out why happiness did not increase along with income.
Failing to reach personal and financial goals can be both frustrating and disheartening for your clients. And, to make matters worse, they often realize that they are their own worst enemies when it comes to sabotaging their dreams. However, research has shown that your clients can dramatically increase their rate of success by first determining a meaningful and internally motivated “why” for each goal pursuit.
Individuals and retirement planning experts alike are recognizing that a successful and satisfying retirement experience depends on more than a healthy nest egg. In fact, financial reporter John Wasik contends, “Financial security and retirement are not the two peas in the pod they used to be.”
Instead, retirement should be thought of as a major life transition that deserves thought and preparation in all areas of life. For example, one study found that it was the size of a retiree’s social network—and not the size of his or her portfolio—that had the strongest influence on life satisfaction.
In the world of personal finance, “appreciation” has two important components: In the quantitative realm, appreciation refers to the increasing value of financial assets. In the qualitative realm, appreciation refers to feelings of gratitude for one’s financial resources and circumstances. Of course, both elements are extremely important, but it is actually the more qualitative “appreciative […]
The tradition of making New Year’s resolutions goes all the way back to ancient Rome. In 46 B.C., Julius Caesar developed a new calendar and named the first month of the year after Janus, the god of beginnings and endings.
Janus has always been depicted with two faces, one on the back of his head that allowed him to look into the past and one on the front of his head that allowed him to look into the future. At midnight on December 31st, the Romans imagined him looking back at the old year and looking forward to the new year. Therefore, he became the symbol of the resolutions made on the first day of each year when Romans asked their enemies for forgiveness.
We are pleased to announce that two applicants were selected to receive Ken Gillespie Legacy Fund Scholarships for 2017: Christine Haviaris, CPA, CFP® and Phillip Watson, CFP®.
In his long career at Stanford University, Albert Bandura, world renowned psychologist, has made tremendous contributions to our understanding of human behavior and motivation. One of his main areas of focus has been the concept of self-efficacy, a person’s belief in his/her ability to succeed in specific endeavors.