Appreciation in the personal finance world

Appreciation in the personal finance world has two different components to it:

  • Quantitative: increasing value of net worth and financial assets
  • Qualitative: feeling of gratitude for one’s finances, resources, and circumstance. This is not dependent on the dollar amount.

These are both important, but the qualitative is the best predictor of increasing wealth and personal wellbeing.

We are programmed by these components, which makes our brain to focus on what is wrong …

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