“Lower-class” individuals—i.e., folks without much money or education—demonstrate more compassion and empathy than their wealthy counterparts, according to a series of psychological studies. In social scientist speak, …
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83 Money Tips: Free Landscaping Supplies, Coolest Cars Under $18K, Life Lessons from the Rich
Also, one series of insights has it that you should manage your money similarly to the way you golf—or rather, the way a good golfer golfs.
“Money leads to autonomy but it does not add to well-being or happiness.”
Everything You Need to Know About Consumers, Part II
In Part I of this consumer factoid extravaganza, we learned all sorts of weird info about spending habits, housing costs, and family expenditures. For the sequel, we’re dealing with moms, Mexicans, McDonald’s, men’s dwindling DIY skills, the earning power of maiden names, how using a cell phone can be a sign of poverty, grandparents …
Nowadays, the Rich Actually Pause Before Spending, Care About Value
Research shows that in the post-recession era, wealthy Americans are more inclined to wait for items to go on sale before making purchases. Brand names mean less to them, marketing has less influence as well, and the number of well-off shoppers who say they trust salespeople has plummeted. In other words, the rich today are more likely …
How to Raise a Billionaire
The parents of the Virgin Group’s Sir Richard Branson think it’s a good idea to abandon your son around age 5 on some random hillside and have the boy figure out how to get home on his own. “I didn’t want him to be a namby-pamby little boy like all the other little boys,” explains Branson’s mum, Eve.
Why Are Beautiful People Happier? Mainly Because Good Looks Help Them Get Rich
Beauty is the path to happiness—by way of money. A new series of studies shows that attractive people earn more money and marry better-looking spouses, and that the economic benefits of being good looking make them happier than their homely counterparts. Logically, you’d think that efforts to improve one’s appearance would somehow lead …
Cheapskate Wisdom … About the Downside of Having Too Much Money
“Money is like fire: it will warm your feet or it will burn your socks off.”
$7.5 Million: That’s the Magic Number, Then I’ll Feel Rich
Plenty of rich people don’t really feel particularly well off. In a new survey of millionaires, the magic number—the amount they’d need to feel truly rich—seems to be $7.5 million.
Cheapskate Wisdom … About the Unassuming Millionaires in Your Neighborhood
“These people are not into status, they are not into designer brands.”
Luxury Purchases Are Up, But It’s Not Just the Rich Doing the Buying
Spending on luxury goods during the peak holiday shopping weeks of 2010 rose 8.5% compared to the year before. Jewelry sales were up even higher, rising 10.4%.
81 End-of-Year Money Tips
As 2010 comes to a close, keep some money in your pocket when bellying up to the bar or the fast food counter, considering luxury “status” purchases, shopping the post-Christmas sales, and planning your kid’s birthday party.
