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The Surprising Research About Money and Happiness
©Prosperity Economics Movement and Jim Beam Financial, LLC
In this article, we'll explore the relationship between wealth, income, and happiness. As you'll see, there are many insights we can glean from various studies on the topic, the relationship between money and happiness isn't necessarily simple.
Can Gratitude Raise Your Net Worth!?
©Prosperity Economics Movement and Jim Beam Financial, LLC
Gratitude is an important element to experience contentment and inner wealth. But does it have a positive impact on our financial wealth?
Give Your Dollars a Lifetime Guarantee
©Prosperity Economics Movement and Jim Beam Financial, LLC
Not much in life is truly "guaranteed." We can't guarantee the weather, what other people will or won't do, the direction of the markets, or even if we'll be around to see tomorrow.
Winning the Long Game of Wealth
©Prosperity Economics Movement and Jim Beam Financial, LLC
When it comes to “making it,” the media loves to report on overnight successes, lottery winners, and tech companies that seem to come from nowhere to capture the imagination of the market. It is exciting to contemplate being handed a fortune and fantasize about spending it. Exciting, but also quite misleading.
The Value of Liquidity: Capitalize On Your Cash!
©Prosperity Peaks and Jim Beam Financial, LLC
Do you have access to cash on demand? Or are you locking up your assets, or keeping them liquid? The answer may be influencing your prosperity more than you realize.
Lessons of The Big Short
©Prosperity Peaks and Jim Beam Financial, LLC
Hollywood’s big screen version of The Big Short, based on Michael Lewis’s best-selling book on the financial crash, was released to DVD in March of 2016, following a successful run in theaters. Now six years after the 2010 release of the book, which detailed the story of a handful of stock market contrarians who saw that something was rotten on Wall Street, the message remains relevant as well as entertaining.
Dartboard Investments: Contests, Monkeys, and a Random Market
©Prosperity Economics Movement and Jim Beam Financial, LLC
Back in 1973, Princeton Economist Burton Malkiel published the first edition of A Random Walk Down Wall Street, his now-classic examination of the stock market. He was the first to apply the mathematical theory of random walks to Wall Street practices, theorizing that share prices could not be predicted due to their random quality.
The Consumer Price Index and the Truth About Inflation
©Prosperity Economics Movement and Jim Beam Financial, LLC
Whether we’re rich or poor, thrifty or overextended, inflation is as inevitable as death or taxes. But how high IS inflation? Is the Consumer Price Index a reliable guide? And what is the impact of underestimating inflation?
Longevity In America: It's a Whole New Age
©Prosperity Economics Movement and Jim Beam Financial, LLC
The numbers are in, and people are living longer! The CDC calculates that overall life expectancy in the U.S. is presently 78.7 years, with women outliving men by an average of 5 years, or 81 years vs. 76 for men. (Longevity is one area where there is no gender equality.)
The Spending Trend: Taming Lifestyle Inflation
©Prosperity Economics Movement and Jim Beam Financial, LLC
Did you drive a VW Bug in college? If you’ve ever been back behind the wheel of a Bug, it probably felt strange and made you wonder how you survived driving around in a little tin can on wheels!
Wall Street Hopes You Never Ask This!
©Prosperity Economics Movement and Jim Beam Financial, LLC
Financial and political power congregates on Wall Street… epicentre of the American financial universe, and the subject of many a movie about the ruthless and the rich. But to the average American investor, putting your money into stocks, bonds and mutual funds is just “what you do.”
New life insurance study debunks 'buy term, invest the difference'
©Mary Beth Franklin and Jim Beam Financial, LLC
For decades, the rallying cry of the financial advice industry has been for clients to buy inexpensive term life insurance rather than more expensive whole life insurance and invest the premium savings on their own. The only problem is most clients never execute the second part of the equation, leaving many of them uninsured in later life and unprepared for retirement.
Four Uses for Life Insurance You Never Thought Of
© and Jim Beam Financial, LLC
We all know the drill about death and taxes. For the first, there's life insurance. But it may surprise some to know that a life policy can also be a solution for the latter.
For those who plan ahead, life insurance can not only reduce taxes, but can be used to salve a host of other financial headaches.
5 Reasons to Buy Life Insurance Before You Hit 30
©NerdWallet and Jim Beam Financial, LLC
Life insurance is cheapest and most available when you’re least likely to think about it. In the bloom of young adulthood, death is a far-off abstraction.

But as a 20-something, you have key advantages in your pocket when shopping for life insurance coverage, and, depending on life circumstances, you may already have some compelling reasons to buy. 
Why Small-Business Owners Need Life Insurance
©NerdWallet and Jim Beam Financial, LLC
When you own a small business, your family members aren’t the only people depending on you. Your death could be a disaster for your employees and partners, and it could destroy the company you worked so hard to build.

That’s the short explanation of why you need life insurance. But there’s much more you need to know.
How to Live Long and Prosper
©Prosperity Economics Movement and Jim Beam Financial, LLC
When Leonard Nimoy left us earlier this year, the whole world mourned the passing of a beloved cultural icon. Even though he originally played Spock, the unemotional Vulcan, for a mere three years during the original TV run of Star Trek, he used it as a launching pad to explore a wide spectrum of interests.
What Is Prosperity Economics?
©Prosperity Economics Movement and Jim Beam Financial, LLC
There seems to be no shortage of financial advice, but that has not led to economic success for most. Too many Americans are having trouble saving for their own needs and wants while struggling to pay down debt and keep up with the rising costs of healthcare and college educations.
The Health & Wealth Connection
©Prosperity Economics Movement and Jim Beam Financial, LLC
January is a popular time to make health-related resolutions and set goals to lose weight, exercise, or give up unhealthy habits. While people rarely make these resolutions for financial reasons, having a healthy body can actually lead to a bigger bank account!
Kick-Start the Savings Habit
©Prosperity Economics Movement and Jim Beam Financial, LLC
Believe it or not, there was a time not long ago when Americans tracked their savings instead of their credit card debt! Now saving money seems like a memory from yesteryear. To be sure, many Americans set aside money, but it goes straight into mutual funds, often by way of 401(k)s and other qualified retirement accounts, where it is no longer liquid, guaranteed, or under their control.
Escaping the Consumer Debt Trap
©Prosperity Economics Movement and Jim Beam Financial, LLC
If you are staggering under the weight of Consumer Debt, join the club.
According to a May 13 article in Investopedia entitled “Stop Keeping Up With The Joneses – They’re Broke”, over 43% OF Americans spend more than they make. One financial journalist estimated that there are more than two million Americans carrying a credit card balance of more than $20,000. Most people making minimum payments (without taking on more debt) won’t pay off their cards for 24 years.
The Impact of Financial Mistakes
©Prosperity Economics Movement and Jim Beam Financial, LLC
Have you ever made a big financial mistake? You’re not alone. According to a Consumer Federation of America report from 2012, 67% of middle class American consumers (those with annual incomes of $30-100,000) owned up to a “really bad financial decision”, resulting in an average loss of $23,000.
Financial Self-Reliance
©Prosperity Economics Movement and Jim Beam Financial, LLC
Economic self-reliance: the ability of a person, place or nation to endure successfully without additional financial support from government or other agencies.

From earthquakes in Nepal, tsunamis in Indonesia hurricanes in the South, mudslides in Northwest, and drought in Africa (and now, California), it doesn’t take a weather report to convince the average person that life is full of surprises and challenges.
All That You Leave Behind: Planning Your Legacy
©Prosperity Economics Movement and Jim Beam Financial, LLC
According to the consulting firm Accenture, boomer parents will be distributing about $30 trillion to their millennial descendants over the next 30-40 years. While it would seem that the subject would spark some lively and important inter-generational discussions, quite the opposite is true.