It’s back to school for everyone.  And I mean everyone. Because there is such a thing as the School of Life – learned wisdom from personal and shared experiences to see us through the vicissitudes of life.

The first months of the year are times when many people come up with resolutions and lofty goals, with the good intention of sparking new beginnings in the way we manage our expenses, investments and sundry habits. Unfortunately, if you’re like most people, your January resolutions will likely vanish into thin air before the first quarter ends.

That’s okay, according to psychologists. Just give yourself a second chance.  This notion of second chance is incidentally the subject of an interesting 2014 paper by three researchers from the University of Pennsylvania’s Wharton School.  So, it isn’t just talk shop. The paper reports scientific evidence in what the researchers called, the “fresh start effect”.  The gist of this effect is that people are much more …