When is Shaming Okay?

When we last met, we discussed donating money to charity and the pushback that comes when you publicly encourage people to donate more.

The discussion in the personal finance community originally kicked off with a thread of tweets from Tanja of Our Next Life. When I reached out to folks to learn more about why they pushed back against the encouragement to donate more, I received a lot of different answers that I detailed in the last article.

I also received a lot of complaints about shaming that I set aside and investigated separately.

So let’s dive into shaming here today. Continue reading “When is Shaming Okay?”

The Case Against Charity

Earlier this year the personal finance community got into a heated debate about charitable giving. The conversation kicked off with a thread of tweets from Tanja of Our Next Life.

Tanja’s thread was filled with research and nuance, but the big takeaway was basically that we fail to recognize when we are wealthy, and this leads to a scarcity mindset that, among other things, causes us to donate much less money than we are actually able.

This all seemed pretty uncontroversial to me. And yet, it led to a lot of pushback. Especially the idea that those of us with money should be donating more of it.

I wanted to understand why, so I asked. Continue reading “The Case Against Charity”

Introduction to Investing and Economics

Of the first seven months of the year, only two dealt with money. In February we learned about the basics of personal finance and in May we dove into the intersection of money and happiness.

The rest of the year had been spent on topics like life planning, productivity and time management, health, the science of happiness, and the philosophy of happiness.

In August we made our triumphant return to money with an exploration of investing and economics. Continue reading “Introduction to Investing and Economics”

How to Buy Happiness

Our year end recap continues today with the articles published in May.

After learning about life planning, personal finance basics, and time management and productivity, we started exploring the world of happiness.

Following our introduction to happiness in April, we went on to spend the month of May diving into the intersection of money and happiness. Continue reading “How to Buy Happiness”

Personal Finance 101

Today we’re continuing the journey we started last week traveling through the different subjects that we’ve covered this year.

Last week we took a big picture look at life planning, which was our topic for January.

Today, we’re diving into our February research, which was on personal finance basics. Continue reading “Personal Finance 101”

Answering UBI Questions and Concerns (Universal Basic Income Part 3)

Last week we started our deep dive into Universal Basic Income.

First we learned what UBI actually is and what the different visions for it entail. Then we dove into the research to learn that giving people money works.

Today we’re going to tackle a whole range of other questions and concerns that people have about UBI.

(Today’s post is going to reference information we learned in the last two posts, so if you feel like you’re missing something, feel free to double back and catch up!) Continue reading “Answering UBI Questions and Concerns (Universal Basic Income Part 3)”

Giving People Money Works (Universal Basic Income Part 2)

On Tuesday we started a deep dive on Universal Basic Income by looking at what the concept actually entails.

We explored the different problems that people believe UBI can solve and the different visions that groups of supporters have. We explored Universal Basic Income as a replacement for the safety net, as a cure for poverty, and as a protection against job loss.

But all of this is based on one major premise: Universal Basic Income works.

The question we need to tackle next, then, is whether this is true. Would Universal Basic Income work? Is giving people cash the best approach to ending poverty?

Adopting a UBI is a huge undertaking, both economically and politically. Before we jump in, we should make sure there is evidence to support it.

That’s what we’re exploring today. Continue reading “Giving People Money Works (Universal Basic Income Part 2)”

Helping Yourself By Helping Others

We’re spending the month of September exploring relationships and happiness.

We started by learning about the importance of relationships generally to our happiness before diving into specific relationships with spouses and kids.

Now we’re going to zoom back out and look at broader concepts.

Today, we’ll be exploring the extraordinary happiness benefits of doing things for other people. Continue reading “Helping Yourself By Helping Others”

Will Kids Make You Happier?

I’m a new father this year and when I decided to explore the intersection between relationships and happiness I knew I wanted to see what the research found on how children affect our happiness.

I’ve read a lot of research on children this year, but pretty much all of it had to do with best practices in raising them. Now I wanted to see the impact that children have on adults.

Do kids make us happier?

I could wax poetic about my own experience, but if you’ve been here before you know I’d rather dive into the data. We’re all biased when it comes to our own experiences, but aggregated data is less biased.

So what does the data say? Do kids make us happier?

Well…It depends on how you define happy.

And where you live. Continue reading “Will Kids Make You Happier?”

Recession-Proof Yourself

In our exploration of investing and the economy, we’ve touched on a few more pessimistic topics.

We explored how the value of work is declining and how good jobs are disappearing. It’s important to face these facts with a clear, unbiased view so that we can prepare ourselves and avoid being left behind.

This is also true in assessing whether a recession is coming.

Based on historical trends, we are overdue for a recession. On top of that, we’re in the midst of a trade war that some economists think could push us into a recession.

Whether you agree with that assessment or not, it is important to make sure that you are prepared for a recession so that if and when one does hit, you don’t lose your financial footing. Continue reading “Recession-Proof Yourself”