The Money with Katie Show

The Unexpected Problem with Your Financial Goals

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Mar 16, 2022
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INSIGHT

Bad at Predicting Happiness

  • Humans struggle to predict what will make them happy or unhappy in the future.
  • We often overestimate the impact of changes like jobs or houses on our lasting happiness.
ANECDOTE

Relocation Reality Check

  • Katie moved from Dallas to Colorado expecting more happiness and fitness.
  • The novelty wore off and she realized her happiness level was about the same due to underestimated social losses.
INSIGHT

FIRE's Surprising Emotional Reality

  • Our inability to predict future happiness impacts major financial decisions like those in the FIRE community.
  • Attaining FIRE often results in unexpected feelings of boredom or disappointment.
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