Category: Behavioral Economics
Have You Stress-Tested Your Financial Situation Lately?
In 1961, the year I was born, our national debt was $289 billion. Today, it’s $21.1 trillion. We clearly have a problem living within our means. We also have a problem managing our public pensions and our premiere safety net program, Social Security. Consider the following: According to Bloomberg, only two states in the union…
How Saving for Retirement Is Like Removing Dingleberries from Your Ass
One of my go-to bloggers these days is Tonya from Budget and the Beach. She recently posted a fantastic yarn about a “dumb-ass” purchase she had just gotten roped into by some clever advertising. Yes, even the great ones make a financial faux pas every now and then. And I encourage you to read it,…
Tito, Three Horsemen, and Talking Trash
Mrs. Groovy here. Yes, I’m electioneering again and asking for your help. Mr. Groovy has made it to Round 4 of the Rockstar Rumble, a friendly competition among personal finance bloggers. Please take a moment to head on over to Rockstar Finance and vote for “Egotrage” in game 8. Every vote counts! Thank you! Every…
Honor Begets Financial Dividends
At the height of his career, Harvey Weinstein made more in a month than I made in forty years of work. But he was under the assumption that power and influence gave him license to degrade and abuse people—especially women—and that makes him a scumbag loser in my book. Conversely, I personally know several people…
Geoarbitrage Is a Great Way to Reinvent Yourself
Anyone familiar with this site knows I’m a big fan of geoarbitrage. When done correctly, it’s a great way to lower your housing costs and free up a lot of money for investing. For example, Mrs. Groovy and I lowered our housing costs to roughly 3% of our household income by relocating to Charlotte. Had…