It’s Friday! The weekend is coming! Before we take some time off, though, let’s look at some recent personal-finance stories from around the web.
Americans with a higher net worth at midlife tend to live longer. [Science Daily] — “In the first wealth and longevity study to incorporate siblings and twin pair data, researchers from Northwestern University analyzed the midlife net worth of adults (mean age 46.7 years) and their mortality rates 24 years later. They discovered those with greater wealth at midlife tended to live longer.”
Happiness dividends: Making your experiences pay you back. [Managing FI] — “If going to the state fair and riding the Ferris wheel was a fond memory from your childhood then consider repeating that experience with your children and grand children. Repeating that experience will make you recall and tell stories about when you used to ride the Ferris wheel with your parents and how much you loved it.”
Mistakes to avoid in estate planning.” [Women Who Money] — “An estate plan that’s full of mistakes might cause more harm than good. Make sure you read all legal documents thoroughly and correct any errors you find before signing them. Misspelled names or incorrect addresses, accidentally omitting an heir, or gifting the wrong asset to a beneficiary can happen. While you can easily fix those types of mistakes when caught, they may cause lots of grief when they’re not.”
The science of sleep (and how it affects your health and brain). [Science Focus] — “Sleep is the single most effective thing we do each day to reset the health of our brain and body. It’s an extraordinary elixir that can help you age well and live longer. Here’s what we know about Mother Nature’s cure-all.”
And to wrap things up, here’s a thirteen-minute video from The Wall Street Journal that explains their deep-dive into how TikTok’s algorithm figures you out.
I’ve tried TikTok twice now. I hate it. I don’t get it. It makes me feel like an old man. After watching this video, I have a hypothesis as to why I don’t like it. (Well, aside from the fact that’s made for short attention spans and is yet one more piece in the “no nuance” puzzle that dominates social media.)
When I use TikTok, I just watch the default recommended videos. This leads TikTok to believe I like them. I don’t. But I don’t know how to find stuff I like. As a result, it just gives me the same stupid dance and song stuff over and over.
Ah, well. Not every platform is for every person, right?
Okay, that’s it for this week. Jim will be back in August with more great stuff from around the web. Come back and hang out with us, okay?