August 2020

If you have not heard of the hedonic treadmill, you are not alone. A lot of HENRYs, including myself prior to discovering financial independence and FIRE, are unfamiliar with the concept. For this reason, I wanted to get into a little of the behavioral psychology side of personal finance in today’s post. Let’s start by highlighting a couple of statistics that I think are important to the discussion. U.S. adults with a net worth of $100,000 or more are more likely to carry credit card debt than those with fewer assets. In fact, those with a net worth between $100,000 […]