Category: Behavioral Economics
Don’t Be A Method Actor When It Comes To Your Finances
Stephanie O’Connell wrote a wonderful article called ‘Yes and…’ Your Life about borrowing an improvisational technique used by actors and applying it to your life. “Yes, and…” requires you to accept whatever circumstances are presented to you as truth, incorporate them, and use them moving forward. She suggested using it as a way to get…
The Half-Normal Challenge
A couple of weeks ago, I came across a YouTube video by Erin Janus. I never heard of Miss Janus. Apparently she’s a vegan, and she cares deeply about animals and the planet. But that’s not the point of this post. The point of this post is that I find her views on materialism quite…
Wealth 101 and the Power of Stigma
About a month ago I penned a post that put forth the proposition that the government can’t save you from compound stupidity. In other words, if you consistently make bad financial decisions throughout your life, there’s no government program on earth that can save you from a difficult, if not miserable, life. Habits are destiny.…
What’s the Secret Formula for Choosing a Wedding Gift?
I’m sure there are etiquette websites that delve into this question. But being that Emily Post has been dead since 1960, and as far as I’m concerned, no one has taken her place, this leaves me with a dilemma. What’s the secret formula for choosing a wedding gift? Mr. Groovy and I are in our…
I Screwed Up!
Back in April, I penned a post called, Two Awesome Benefits of Being Income Poor but Asset Rich. And in this post, I made a serious error concerning the calculation of a capital gains tax. I was under the impression that there was no capital gains tax on any capital gain you had if your…