The Difference Between Wealth and Well-being

The Difference Between Wealth and Well-being

Sarah Newcomb, PhD Sarah Newcomb, PhD

Sarah Newcomb, PhD

I help people build lives they love with the resources they have.

发布日期: 2022年9月26日
+ 关注

Since this article was first published, I've been made aware of some research that casts Hetty Green in a much more positive light. I hope that, whether or not she is the correct poster child for miserliness, the big idea here can still shine through.

Wealth is meant to support well-being, but not all who are wealthy are financially healthy. This article showcases Morningstar research into simple, changeable factors of mindset that have been shown to strongly correlate with financial well-being, along with tips to improve. your own financial confidence if you find it's lacking.

Human Capital Human Capital

Human Capital

1,765 位关注者

订阅
Amalaraj Marian

--

2 年

Rightly put ma'am ??

赞
回复
Matt Paradise

7x Award-Winning Author, Speaker & Financial Education Consultant | Empowering Young Adults & Organizations to Reduce Financial Stress

2 年

I completely agree Sarah. Thanks for writing and sharing an important article.

赞
回复
Doug Benton

CPA, MBA

2 年

Great insight! Thanks for posting

赞
回复
Marilyn Heywood Paige, M.S.

Helping Davids Beat Goliaths | Marketing Consultant | Market Researcher | Branding & Content Strategist | B2B Brand Growth Expert | Cross-Industry Credentials | Increased Agency Revenue 25% YOY |

2 年

That was a great article. The measure of confidence to income group was eye-opening. I like that you ended it with practical tips to building better beliefs.

赞
回复
1 次回应
查看更多评论

要查看或添加评论，请登录

Sarah Newcomb, PhD的更多文章

  • A personal note to all the single parents and caretakers trying to make ends meet...
    2023年8月10日

    A personal note to all the single parents and caretakers trying to make ends meet...

    In 2013, after 8 years of marriage, I separated from my spouse. I was in the middle of a PhD program, with a 7 year-old…

    22 条评论
  • Don't Poke Your Retirement Fish!
    2023年7月7日

    Don't Poke Your Retirement Fish!

    The Chinese philosopher Lao Tsu said, "Governing a large country is like frying a small fish. You ruin it with too much…

    4 条评论
  • What's Your Golden Ratio?
    2023年1月11日

    What's Your Golden Ratio?

    To estimate your Golden Ratio, you can use this fun little tool: https://morningstar.outgrow.

    13 条评论
  • Why it's Dangerous to Trust Your Instincts About Risk
    2022年12月14日

    Why it's Dangerous to Trust Your Instincts About Risk

    https://www.morningstar.

    6 条评论
  • Train Your Brain to Handle Uncertainty
    2022年12月7日

    Train Your Brain to Handle Uncertainty

    Uncertainty will always be with us. How we handle it as investors can make or break our financial lives.

    1 条评论
  • 3 Ways People Grapple With Wealth
    2022年12月1日

    3 Ways People Grapple With Wealth

    This week, we skim the surface of a very deep topic: How people adapt to wealth. A very big thank you to Jim Grubman…

    9 条评论
  • How to Avoid Arguing Over Money
    2022年11月23日

    How to Avoid Arguing Over Money

    You may have noticed a theme this month: Needs & Strategies. We first explored the concept with respect to general cash…

    1 条评论
  • Got the Urge to Splurge? 4 Steps to overcoming your overspending habit.
    2022年11月16日

    Got the Urge to Splurge? 4 Steps to overcoming your overspending habit.

    This week, I'm leaving the academic work behind and focusing on the personal. I struggled with overspending for years.

    6 条评论
  • Hate Budgeting? Try this.
    2022年11月9日

    Hate Budgeting? Try this.

    I have a big problem with the "Wants vs. Needs" approach to budgeting because it runs counter to basic human motivation.

    23 条评论
  • Escaping Financial Shame Spirals
    2022年11月2日

    Escaping Financial Shame Spirals

    This week, we take a deep dive into the way that shame can turn into a poverty trap. Big shout out to Joe Gladstone and…

    9 条评论

社区洞察

其他会员也浏览了