Finance
If only I had known! 50 mistakes that cost money
We buy: too much. We save: too little. We are in debt: too much. The ultimate financial tips guide that saves us from making the same mistakes when dealing with money.
1. Misconception: Money makes you happy
Only to a certain extent. Those who live at the subsistence level become a little happier with every additional euro. But somewhere with an annual income between 60,000 and 80,000 euros – depending on the study – this connection weakens dramatically. “Money has a wearing-out effect,” says economist Thomas Straubhaar, “if you have too much money you are just much more afraid of losing it.” According to the “World Happiness Report,” people in Scandinavian countries are happiest. You earn a lot there, but not exorbitantly – and at the same time you enjoy great individual freedom and very good social security.
2. Misconception: A euro is a euro
Published in stern 15/2019
Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
