The information contained in this article is provided for general informational purposes, and should not be construed as investment advice, tax advice, a solicitation or offer, or a recommendation to buy or sell any security. Ally Invest does not provide tax advice and does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their circumstance
So, what about lottery winners? When people write about income and happiness they always mention this study that supposedly shows lottery winners were no happier a year or two after winning. This would be good evidence that there’s almost no relationship between income and happiness, even if you could get the money without having to do any extra remains the source of some controversy, but we think the answer is that we care about both absolute and relative income.
But if money stress is getting in the way of your day-to-day quality of life- and your health- it’s time to do something it. Here are a few ways to take off some of the pressure: