I always enjoy reminders that money can make you happier, up to a certain point, and that true insight can come from the lessons taught by those who have lived it.
Specifically, I mean the takeaways from the now famous Harvard study that long-time subscribers to Apex Money are likely familiar with:
Can Money Make You Happier? [Wit and Wisdom] – “During the Great Depression, Harvard researchers began tracking the health and happiness of a group of students. They were hoping to uncover the long-term ingredients for a happy life. The control group was comprised of Harvard College sophomores (the Grant Study group), including students like John F. Kennedy, Jr. who would go on to become our 35th President.
Today, only 19 of the original 268 participants are still alive, and they are in their 90s. Over the course of their lives, these participants endured a barrage of poking and prodding. Every two years they were asked detailed questions about their marriages, job satisfaction and social lives, including their personal and professional victories and defeats. Every aspect of their lives was an open book.“