How to Save Money on a Midlife Crisis

How to Save Money on a Midlife Crisis blog image

A midlife crisis can be costly. Fortunately, a new discovery offers us a new way to save ourselves and our money.

We talked about midlife crises and happiness on The BIGG Success Show today. This episode (#947) was inspired by the book The Happiness Curve* by Jonathan Rauch. Here’s a summary of that discussion.

What is the Happiness Curve?

The Happiness Curve describes how aging affects your happiness. When plotted on a graph, it is U-shaped.

It starts high in youth, tends to bottom out in your 40s, and then peaks in your 60s and beyond.

Of course, this is the time when many people go through a midlife crisis. The author prefers to call this time of life a “midlife transition”.

It’s as natural as the transition from puberty to adolescence. We’re all familiar with that transition.

The Happiness Curve is a new discovery. We’ve seen the extremes exhibited by a midlife crisis. But we’re just realizing a midlife transition is common.

3 ways to save money on a midlife crisis

1) Realize this too shall pass

Keep reminding yourself that this is a short-term phenomenon. You can wait it out. You will survive.

2) Take comfort that the best is yet to come

Also remind yourself that the long-term prognosis is in your favor. After you get through this, the Happiness Curve will be on your side for decades.

3) Focus on personal growth

Don’t live up to the stereotype. Before you buy, pause and think. Is this purchase an attempt to make up for a happiness deficit?

Don’t blow money on toys. Invest in vehicles which take you further financially, like a business.

Don’t blow money on your appearance. Invest in a beautiful mind.

Rather than blowing money on superficial things, invest in substantial things.
It leads to BIGG success!

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George “The Professor” & Mary-Lynn
Co-Founders, BIGG Success

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00947-081418.mp3

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