Nov 5, 2015
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.