According to a study of 4,500 Dutch consumers in the Journal of Economic Psychology, unhappy people save less, spend more and have a higher propensity to consume. It’s not just overseas–Americans are spending at a pretty fast clip says the University of Utah. Researchers are finding that we are all spending money–often more than what’s coming in–for a new set of reasons.
What drives us—the majority of people in fact– to spend too much even when we seem to make all the right moves? Steve and Sinclair review an intriguing report from the Wall Street Journal. Then, in the Q & A segment, Steve reviews his method for addressing all of a client’s liabilities, and the step by step process involved in building a durable retirement income plan, while also growing capital.