Slack. Margin. Room for error. Safety net. Insurance. So many phrases, but they all represent the biggest lesson from COVID-19.
We overestimate the change that occurs in the next two years and underestimate the change that will occur in the next ten.
Don’t judge a book by its cover, and don’t judge a decision by its result. Results-oriented thinking is a logical fallacy.
Diet–check. Exercise–check. What about personal finance and mental health? Two massive ways to have a positive effect on your 2020 year!
When you leave bigger tips, you make a small sacrifice for another’s bigger gain. When else do we set aside resources for bigger gains? Investing!
There will come a point where more spending does not lead to more happiness, but actually does the exact opposite.
Some weeks are full of MATLAB, market economics, and compounding (and confounding) math. But this week, let’s change it up. I’m going to put the 401(k) on the back burner, and instead talk about garbage, green lights, and the simple…
Hoping to develop new behavior, but finding it hard to stick to a good habit? The problem is adherence. But you can change it for the better!
“If I compared 1000 401(k) maximizers against 1000 degenerate gamblers, which group would have a better financial outcomes?”
Their risk posture is key.
Action, participation, encouraging positive change…these are snowballs that any person can start rolling.
Will you be that person?