Category: Behavioral Economics
We’re Doomed: My Liberal Friend Bought a McMansion
Last year I went to Dallas on business and had the opportunity to meet up with an old friend from college. Tim, a fellow Long Island boy, had recently got a promotion and transferred to Dallas so he and his girlfriend could be closer to her aging parents. I hadn’t seen Tim in at least…
The Real Culture War
Up until I was 40 years old (I’m 55 now), I floundered financially. I wasn’t a basket case. I was able to pay my bills. But I was using debt to live beyond my means and acquire the superficial symbols of success—a car, a condo, a host of electronic equipment, and a bunch of credit…
Six Horrifying Truths No One Tells You About Retirement
You’d think someone would have forewarned me. But no-o-o-o. With all the yapping about FIRE, quitting the nine to five rut and retiring early, surely someone would have mentioned these things. But wouldn’t you know, it took me three months to uncover a few nasty truths about retirement. So I’m personally going to share with…
A Sweet Transvestite’s Guide to Personal Finance
In the late 1970s, young people in New York used to go to movie theaters at midnight with newspapers and water guns. Yes, that sounds bizarre. But it’s true. What’s even more bizarre is that many of these young people would be dressed up like the two bon vivants pictured below. I never understood The…
The Groovy Secret to Growing Your Net Worth
The year 2016 was very good to Mrs. Groovy and me. Not only did we retire (yeah for us!), but we saw a sizable increase in our net worth. And what’s our Groovy secret? Wait for it…wait for it…okay, enough of those cheesy wait-for-its. Here it is: DON’T SUCCUMB TO FEAR! That’s it. Not exactly…