Financial planning tools and services to put you on the path to the future you want
Your guide to financial planning and retirement
Connect with peers and experts
Get to know the people behind the company and the mission behind the work
Offer financial wellness to the people at the heart of your business
November 16, 2022
The holidays are the time we come together to give thanks and celebrate. It can also be a stressful time full of demands to cook, decorate, and spend money. Sometimes the stresses crowd out the fun, so we have to remember to take time to be thankful and practice gratitude for our blessings. And, it turns out that feeling thankful can have a tremendously positive impact on your health, happiness, and even financial wellness.
The good news? Research has found that as we age, gratitude and other positive feelings come more easily. Could that explain why we feel more happiness as we age?
Rituals of thanksgiving around the world are ancient, and all of them celebrate our resilience and joy as we overcome life’s obstacles. Science now shows us why being thankful and practicing gratitude are so good for us.
The fact that our ability to feel grateful increases as we age is great news because feeling grateful actually improves your overall health and well-being.
Dr. Glenn Fox, the Head of Program Design, Strategy, and Outreach at the USC Performance Science Institute, has done extensive research on the topic of gratitude and your health. He has found that higher levels of gratitude generally predict that someone has:
Dr. Fox’s research showed that practicing gratitude actually re-wires your brain to reduce the negative health impacts of bad news and improve the health effects associated with good news.
Researchers from Northeastern University, the University of California, Riverside, and Harvard Kennedy School conducted a study that found “Feelings of gratitude automatically reduce financial impatience.”
The implications of the finding are enormous. “Showing that emotion can foster self-control and discovering a way to reduce impatience with a simple gratitude exercise opens up tremendous possibilities for reducing a wide range of societal ills from impulse buying and insufficient saving to obesity and smoking,” according to Assistant Professor Ye Li from the University of California, Riverside School of Business Administration.
How does an act of gratitude prompt us to save our money and delay instant gratification? The researchers hypothesize that it may be because feeling thankful provides the fulfillment that otherwise we’d seek in bad behaviors, like “retail therapy.” They also speculate gratitude makes us feel like we need to “pay back” in the future.
In two studies conducted by researchers at the University of Illinois at Chicago, the University of Minnesota and the University of Illinois at Urbana-Champaign found that children and adolescents with a grateful disposition were less materialistic and keeping a gratitude journal significantly reduced materialism.
As the old saying goes, being rich consists not in having lots of possessions but in having few wants. Gratitude and giving thanks may help us to be happier in life (and in retirement) by making us happier where we are and less stressed about achieving material wealth for its own sake.
Being thankful and making gratitude a practice has proven health benefits. But it also has knock-on benefits that come from building a positive attitude, even in the face of adversity.
Many people think Sheryl Sandberg is one of the most accomplished people alive today. As the Chief Operating Officer at Facebook — one of the largest companies in the world — she has overseen a 21st-century success story. But as she told the 2016 graduating class at the University of California Berkeley, after the sudden, unexpected death of her husband, she didn’t know how she would be able to go on.
Only after her friend Adam Grant, a psychologist, advised her to focus on how grateful she should be for her other blessings did she realize that “the seeds of resilience are planted in the way we process the negative events in our lives.” Sandberg told the Berkeley grads that day, “Finding gratitude and appreciation is key to resilience. People who take the time to list things they are grateful for are happier and healthier. It turns out that counting your blessings can actually increase your blessings.”
Convinced that you want to feel more grateful? There are proven ways to increase gratitude in your life. Here are four simple ways to get started right now.
Your mother probably encouraged you to write thank-you notes. It turns out that there is a good reason for this. Not only does giving thanks make the other person feel good, it can also increase your own happiness.
Expressing thanks is great. But you can reap the powerful effect of gratitude even if you don’t share your feelings with anyone. Sheryl Sandberg writes down three “moments of joy” before she goes to bed each night, and she says the practice has changed her life.
Take a moment to just think about someone and why you are grateful for them. Some people equate this expression of gratitude to meditation or prayer.
Some people take time every day to write in a gratitude journal. Whether you write your thoughts in a notebook or a scrap of paper, the important thing is that you take the time to document your thoughts.
As many studies have shown, keeping a gratitude journal may help you focus on wellness and divert you from bad physical and emotional habits.
The “Gratitude Challenge,” typically observed on Facebook, asks participants to post a note of gratitude for 21 straight days. Users reported that the challenge helped them notice more beauty and to feel more optimistic.
Beyond things that you are personally thankful for, here are a few retirement-related concepts that may deserve your gratitude.
Let’s face it, not everyone makes it to retirement age. Medical advancements, improved food supply, and more have made it possible for more of us to live long, healthy, and happy lives.
We should also be thankful that medical science is so advanced. Viable vaccines make it more possible to enjoy friends and family this year.
Most of us have not saved adequately for a financially secure retirement. However, that does not mean that we are without options.
Working a little longer, making compromises on a budget, and using home equity are just some of your options for making sure that you have the retirement you want.
Despite being imperiled, these important programs are still around.
Not sure how you are going to afford retirement? The good news is that retirement calculators are getting better and better.
The NewRetirement Planner is the most powerful tool available online. You can take full control over your money now and for the future. We’ll help you discover ways to make financial wellness a viable option.
Regardless of your financial status, now is the time to make the most of your life. Study after study has shown that having control over your time gives you more happiness than having money. Looking for ideas on how to spend that time? Here are 65 tips for happiness, health, and wealth in retirement.
Do it yourself retirement planning: easy, comprehensive, reliable
Take financial wellness into your own hands and do it yourself retirement planning: easy,
Share this post:
We want a happy, stress-free life after retirement. However, many of us also want a meaningful life. Find out how to plan for a meaningful retirement.
Some might believe that the hokey pokey really is what it is all about. Yoga and mindfulness mavens chant “om” as a long and happy life mantra. Others sing super cali fragilistic expealidocious and, “if said loud enough,” will at least sound precocious. However, the residents of the Japanese island of Okinawa have other words…
Financial planning is probably not on your top ten list for how to spend your time. However, getting your hands around your finances and planning a secure future retirement can make you feel great. And, it doesn’t have to be hard. Here is your complete retirement planning guide. This simple eight step plan will help…
Our weekly newsletter full of inspiration, podcasts, trends and news.
© 2023 NewRetirement, Inc. All rights reserved.
Disclaimer: The content, calculators, and tools on NewRetirement.com are for informational and educational purposes
only and are not investment advice. They apply financial concepts in a general manner and include
hypotheticals based on information you provide. For retirement planning, you should consider other
assets, income, and investments such as equity in a home or savings accounts in addition to your
retirement savings in an IRA or qualified plan such as a 401(k). Among other things, NewRetirement
provides you with a way to estimate your future retirement income needs and assess the impact of
different scenarios on retirement income. NewRetirement Planner and PlannerPlus are tools that
individuals can use on their own behalf to help think through their future plans, but should not be
acted upon as a complete financial plan. We strongly recommend that you seek the advice of a financial
services professional who has a fiduciary relationship with you before making any type of investment or
significant financial decision. NewRetirement strives to keep its information and tools accurate and up
to date. The information presented is based on objective analysis, but it may not be the same that you
find on a particular financial institution, service provider or specific product's site. All content,
tools, financial products, calculations, estimates, forecasts, comparison shopping products and services
are presented without warranty.