Category: Behavioral Economics
Turning an Old Diet Saw into a New Financial Saw
When I was in college, my roommate was a big proponent of the following diet philosophy: East breakfast like a king, lunch like a prince, and dinner like a pauper. I don’t know why I was reminded of my old college roommate and his old diet philosophy. But I found them in my head and…
10 Reasons to Buy a Small Home in a Low-Tax State
I’m a big believer in egotrage on the housing front. Mastering one’s finances does more to secure one’s happiness than occupying a look-at-me home in a look-at-me location. So it pays to be very humble when it comes to your housing. With that said, here are ten reasons why you should buy a small home…
Three Ways to Hone the Financial Superpower of Patience
Why do the rich get richer? Yes, I know, the system’s rigged. But beyond that, a big reason why the rich get richer is that they have the luxury of patience. Consider the following: Right now Tesla’s trading at around $650 per share. If all things go as Elon plans, and Tesla perfects self-driving automation…
Living Above Your Means the Right Way
Mrs. Groovy and I have a very comfortable life. In addition to having a beautiful home sitting on three and a half acres, we also have great family and friends, want for nothing, and give and travel extensively. Yep, it’s good to be the Groovies right now. And the remarkable thing about our comfortable life…