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Why We Are So Bad at Buying Happiness

Why We Are So Bad at Buying Happiness

"Those who say that money can't buy happiness aren't doing it right."  Have you heard that joke before?  Well, it turns out that there is more than a kernel of truth in there. People are generally bad at buying happiness because: 1. We buy to keep up with the Joneses / ...

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Hair, Hair, Everywhere – the Recession Edition

Hair, Hair, Everywhere – the Recession Edition

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Experience, Not Stuff

Experience, Not Stuff

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What Sex And The City Taught Me About Love, Life, and Money

What Sex And The City Taught Me About Love, Life, and Money

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5 Year Travel Plan: Making Your Travel Dreams a Reality

5 Year Travel Plan: Making Your Travel Dreams a Reality

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Graduate School: (When) Should I Go?

Graduate School: (When) Should I Go?

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Should Parents Pay For College Education

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Free GMAT Study Resources

Free GMAT Study Resources

Taking and prepping for standardized tests isn't cheap, fortunately, there are many free study resources available online. I've taken advantage of most of these resources when I was preparing for my test last year. Hopefully you will find them helpful as well. Free Online Study Materials The GMAT Uncovered by ManhattanGMAT: A ...

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7 Steps In Overcoming Rejections In Job Search

7 Steps In Overcoming Rejections In Job Search

Rejections during job search are disappointing, to be sure. Nobody likes to be told that they were qualified candidates, but the management has decided to go in another direction. In this environment, however, rejections are common-place through out the job search and interview process. After the initial disappointment wears off ...

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How to Host a Dinner Party On a Budget

Hosting a dinner party is always fun, but right now I need my get-togethers to be budget-friendly as well. Remember when I made crab cakes? That was for a group of 5 or 6 friends. The crab cakes were delicious and everyone loved them, but, crabs are expensive! Two pounds ...

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Pure Altruism - Does it Exist?

Pure Altruism - Does it Exist?

Every time the holidays come around, feel-good human-interest stories surface. This is a time to give to others, help those in need, and realize that the world is not as cutthroat or as competitive as we may believe. But is it true? Can people be purely altruistic? The authors of Superfreakonomics (the ...

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The Price of Addiction To Argentine Tango

The Price of Addiction To Argentine Tango

It's happened. I fell for the sultry dance, hard. (I even made its own category!) I leave class with a big smile on my face. I read Argentine tango forums and blogs. I fall asleep thinking of boleos and molinetes. I'm not sure how my wallet feels about the possible financial ...

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Old Cars: Unsung Heroes of Personal Finance

Old Cars: Unsung Heroes of Personal Finance

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Disney World Recap

Disney World Recap

I realized that I haven't really talked about my Disney World adventure (aside from the Dining Plan review) on this blog yet... and well, that oversight must be rectified! If you have any specific questions about Disney World, please ask away and I'll do my best to answer. We Got To ...

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Job Fairs: How to Prepare So You Stand Out

Job Fairs: How to Prepare So You Stand Out

Job fairs can be a great opportunity for applicants to interact with many different companies. But if you don't prepare adequately, job fairs can be a disaster. Last week, I attended a job fair - prior to the event I debated whether I should go. I had heard the horror ...

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How To Practice Safe and Responsible Credit Card Use

How To Practice Safe and Responsible Credit Card Use

Wait, you mean you never had a credit card education class in school? Okay, me neither. The quality of education these days! But there's no reason that high schools or colleges shouldn't offer a class like this. After all, credit card education isn't an awkward topic like the other type of ...

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Recession reflections

by WellHeeled on July 12, 2009

Even in (or because of?) this recession, I find that among twentysomethings I know, most are less willing to trade adventure / soul-searching for security.

  • Example 1: 25-year-old who quits job with decent pay to travel the world in search of the Next Big Wave.
  • Example 2: 23-year-old who uses layoff from the Big 4 to figure out how to break into acting / entertainment business.
  • Example 3: 27-yeard old quits consulting gig to start a start-up. Went from $100K+ paycheck to ramen noodles – but, he’s living his dream.
  • Example 4: Several quarterlifers living the funemployment life.

In all of these cases, these are high-achieving people in college who went after the big jobs during recruiting. In most cases, having worked for a year or two or three, they have saved up enough to fund their traveling costs or start-up expenses. Self-discovery is a lifelong process, but these twentysomethings are getting a jump start on their roaring twenties.

Money can shackle you or liberate you. It’s gratifying to see them out there, pursuing their dreams and trying to figure out what makes them happy and what gives their lives meaning.

Life’s too short not to.

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{ 7 comments… read them below or add one }

Christine July 12, 2009 at 8:22 am

I’m debating this too — responsible nine-to-fiver or free-spirited world traveller? I don’t think the two need be mutually exclusive. I’m planning on aggressively paying down my debt for the next 2 years, build up some savings and teach english abroad (South Korea apparently pays pretty well).

I was curious about these twenty-somethings you mentioned, do you have a blog or story link?

Reply

Carrie July 12, 2009 at 10:37 am

I wish I could be as “free” as that. :) I think I would have a heart attack if I didn’t have a job, didn’t know where my next paycheck was coming from, etc. etc. But, I guess that makes you a better/stronger (and maybe more interesting?) person.

Reply

Mena July 12, 2009 at 11:30 am

I contemplated traveling the world a bit and taking time off from work. I think I will just plan some good vacations using holidays/vacation days.

Reply

K. July 12, 2009 at 2:21 pm

I know a couple who sold their house and quit their jobs to travel the world. I was equally envious and flabbergasted.

I’ve been married more than a year, and we want to move closer to our family and friends. But there are no jobs there in what we do, so we continue to work at places that offer us no satisfaction except for a steady paycheck, merely because we’re (maybe more like I’m) scared to death of not having money.

We had talked to our parents about the idea of us moving closer to them, and they were less than thrilled about it because we didn’t have job prospects. We’re both in newspapers. One of the nearby papers in our destination area closed, and the other big one has implemented major pay cuts and layoffs. Our papers have had problems. Meanwhile, we’re not getting any younger. But I suppose we wouldn’t be happy if we moved somewhere and couldn’t get a job, either.

I don’t know how people can just up and leave, or change their lives in huge ways. I guess they don’t care what others might think?

We’re both considering career changes. My husband feels much better about his choice (police work) than I do about mine (accounting). I’m not fully convinced that I’m making the right decision. I might make good money, but that has never been a job requirement for me. Journalism doesn’t make us rich. I’m just really good with the money we bring in. I’m drawn to accounting because it requires accuracy, something on which I’m extremely focused in my current job, and good communication skills – both things that I feel are lacking in present-day journalism. I can crunch numbers. But I want to love my next career, and I don’t know if I can. How does one make peace with the idea of a job just being a job?

If I did what I really wanted to do, I probably would go to grad school and shift my focus back toward writing and reporting (I’ve been an editor since graduation) or new media, or get into elementary school teaching. But the last thing I want is get out of school and have tons of debt and make less than what I do now.

I’m sorry this is long. A lot of my friends or co-workers would love to drop everything to be musicians or Broadway actors or stand-up comics or to travel the world. I just want a job I like (love?) in a place where my husband and I want to live.

Reply

Mikala July 12, 2009 at 5:34 pm

Wow, K’s comments really hit me.
“I don’t know how people can just up and leave, or change their lives in huge ways. I guess they don’t care what others might think?”
Firstly, Oh My Goodness, who cares what others think? I’m pretty sure they don’t care what you think about them! Secondly, If you want a positive example of people who gave up their lives to do their own thing, try reading the Our Odyssey blog.

“How does one make peace with the idea of a job just being a job?”
I think this is fairly easily achieved by choosing to be okay with it, and having things outside of work that really make you look forward to heading out of the cubicle each day. Cubicle life = happiness? I don’t think so!

“If I did what I really wanted to do, I probably would go to grad school and shift my focus back toward writing and reporting.”
It seems to me you already have these skills if you have been editing!! As a freelance writer, you could be totally in control of your own income, working as hard as you want, and making as much as you want. Have you read some of the excellent blogs, especially the Renegade Writer, and Freelance Switch? They are beyond awesome!

I hope you find what you are looking for, and that you can discover that happiness comes from within. The greatest luxury and happiness in my life is to be in the arms of my husband. I wish you equal joy!

Mikala

Reply

wellheeled July 12, 2009 at 12:04 pm

Hi Christine – all these 20somethings I mentioned are people I know in real life!

As for article links, here are an article on “funemployment”: http://www.sfweekly.com/2009-06-03/news/funemployment/

Reply

wellheeled July 12, 2009 at 12:06 pm

I know – I’d be pretty scared too if I didn’t have money coming in. But as scared as I’d be now, I also know I’d be MUCH less scared now than I would be in my 30s or 40s with a family who depends on me (and my income).

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