Economist: This is the No. 1 best and worst money I ever spent

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Economist: This is the No. 1 best and worst money I ever spent
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Laurence J. Kotlikoff, bestselling author and Harvard-trained economist, shares the best and worst money he ever spent.

But learning to play guitar was a great distraction, and it helped me make new connections. I've been playing ever since. I'm awestruck at how much pleasure you can derive from a musical instrument, with its unlimited capacity for innovation.Something simple can turn into a meaningful experience that boosts your quality of life and mental well-being — and pays off in ways you don't expect in the long-term.

Our goal was to use it in Narragansett Bay. What we didn't realize is that 14-foot wooden boats made for lakes don't do so well in large, windy, ocean-like bodies of water. We spent a boatload of money and were only able to take it out a few times, when the wind and wave heights were both low.Even things you love can bring more stress than joy, so look before you leap. Ask questions, and then ask more questions, especially when you are making a big purchase.

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