Facebook Twitter LinkedIn
Register for our daily updates!


Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

Click to see the full profile


Share |

Money Does Buy Happiness - Today's Chicago Woman, October 6, 2014

| BY Susan Carr-Templeton

Money does buy happiness according to 49 percent of households worth at least $25-million surveyed by Spectrem Group. Interestingly, the older the person, the more likely one is to say that his or her happiness is greatly influenced by the wealth that he or she created.

Younger investors with $25 million or more indicated concern and were more worried about their financial situations than their wealthy senior counterparts, along with the unwanted attention that comes with that kind of wealth. “Some of that attention has come from family and friends. Four-in-ten ultra-wealthy respondents said that acquaintances ask them for money.”

The findings of this research are somewhat contradictory to common wisdom. We would think that as one ages, money becomes less important than other factors of well-being, such as health and family. And we would think that the young would enjoy wealth more, because wealth means opportunities if one is expanding their financial situation, such as investing in business’s and other financial opportunities or the luxury of retiring early.

Perhaps seniors are enjoying their wealth by traveling, having the security of enough income in retirement and knowing that they can afford additional health care if needed.  Also many seniors probably have had longer time frames to get used to their wealth and feel comfortable with it.

 

To read the original article, click here