Category: Behavioral Economics
Public Use Theory and Personal Finance
I’m in a funk. I normally enjoy the financial podcasts that Mrs. Groovy and I listen to during our daily constitutional. But lately, all the “unpacking,” all the “inflection points,” and all the pithy axioms are boring me to tears. Could it be that I have descended into peak financial independence? Just how long my…
This Week In Confirmation Bias
I’m far from a genius. In fact, I think I have a rather pedestrian mind. But I also think I’ve stumbled upon some profound insights in the course of writing this blog. And when one of those profound insights is confirmed by a famous blogger, which happened last week, I can’t resist the all-too-human urge…
Minimum Required Income for Financial Independence
This post was last modified on 8/16/2019 because Steverark pointed out a glaring deficiency in my MRI-RI Calculator that couldn’t be ignored. I neglected to account for inflation. Someone who is spending $40,000 annually today will be spending a lot more than that 20 or 30 years hence. Over the next couple of days, I…
Ten Reasons Why You’ll Never Be Financially Independent
To paraphrase Samuel Johnson, “List posts are the last refuge of an uninspired blogger.” Well, for this week anyway, I’m extremely uninspired and all I could muster was this utterly pedestrian list post. Enjoy—or better yet, try not to toss your cookies. Ten Reasons Why You’ll Never Be Financially Independent You Didn’t Procreate Mindfully On…
The Cheapest Housing You’ll Ever Have
I never had much interest in the great rent versus own debate. Both sides make excellent points. I came down on the own side of the debate for non-financial reasons. I love tinkering and home-improvement projects and homeownership gave me more opportunities to pursue those interests. The main reason I have no interest in the…