On this week's episode, Roger is joined by Jonas Everett to discuss the age old question: "does money buy happiness?" Plus they discuss anchoring bias and the best financial advice from successful people. Follow Us on Facebook.com/BTWealthShow Subscribe to the Podcast Hosted By: Roger Abel Guest Host: Jonas Everett Produced By: Molly Nordlocken Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult with your attorney, accountant, and financial or tax advisor prior to investing. All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly. Premier Investments of Iowa, Inc. and LPL Financial do not provide tax advice, please consult your tax professional. Dollar cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure profit and does not protect against loss. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal. Consult your tax professional about eligibility to Roth and Traditional IRA contributions. Contributions and earnings in a Roth IRA can be withdrawn without paying taxes and penalties if the account owner is at least 59 ½ and has held their Roth IRA for at least five years. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult your tax advisor before investing. Data Sources: Morningstar Center for Retirement Research at Boston College NerdWallet Proceedings of the National Academy of Science Journal Harris Poll #personalfinance #stockmarket #investing #financialadvisor #moneymindset #retirement #retirementplanning #financialplanning101 #financialeducation #financialplanningtips #howtoinvest #howtosavemoney...(read more)
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It is a well-known saying that money cannot buy happiness, but is it really true? Can one find true happiness behind the wealth? This age-old question has sparked an ongoing debate, with proponents arguing that money is indeed necessary for happiness, while others insist that happiness comes from sources beyond wealth. One of the main arguments in favor of money buying happiness is the ability to afford basic needs and a comfortable lifestyle. Having a stable income allows individuals to meet their daily necessities, such as food, clothing, and shelter. It provides a sense of security and relieves the stress of not knowing how to make ends meet. Additionally, money gives people access to healthcare, education, and other essential services, which can contribute to their overall well-being and contentment. Beyond meeting basic needs, money also brings opportunities for experiences that can enhance one's happiness. It enables individuals to travel the world, explore new cultures, and create memorable experiences. Exposing oneself to different environments and broadening horizons can lead to personal growth and an increased sense of well-being. Moreover, money can provide access to hobbies, sports, and other activities that can bring joy and fulfillment to one's life. However, critics argue that wealth does not guarantee happiness nor does it address deeper emotional needs. They assert that happiness comes from within and stems from connections with loved ones, personal growth, and a sense of purpose. Material possessions, no matter how luxurious or extravagant, may bring a temporary sense of pleasure but often fail to provide long-term happiness. Furthermore, the pursuit of wealth can lead to increased stress, anxiety, and a focus on materialism that can hinder genuine contentment and relationships. It is important to recognize that wealth does not automatically lead to happiness. Numerous studies have shown that countries with higher levels of wealth do not necessarily have higher happiness levels. In fact, countries with strong social support systems, a sense of community, and a focus on well-being often have higher levels of happiness, irrespective of their economic status. Ultimately, it seems that the answer to whether money can buy happiness is not a straightforward one. While money does provide opportunities and relieve financial stress, true happiness often stems from factors beyond wealth. A balance between material success and emotional well-being is crucial in finding contentment and leading a fulfilling life. In conclusion, money is undeniably important in meeting one's basic needs and providing opportunities for experiences that can enhance happiness. However, it is crucial to remember that happiness is not solely dependent on wealth. Building meaningful relationships, personal growth, and finding a sense of purpose are equally essential in attaining true and lasting happiness. https://inflationprotection.org/is-happiness-attainable-through-wealth-unveiling-the-essence/?feed_id=127380&_unique_id=64da563d317dd #Inflation #Retirement #GoldIRA #Wealth #Investing #bank #debt #FinancialPlanning #loan #money #mortgage #personalfinance #Retirement #saving #InheritedIRA #bank #debt #FinancialPlanning #loan #money #mortgage #personalfinance #Retirement #saving
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