Live Now Or Save for Later: The Now or Later Fallacy
Should you save for tomorrow or live for today? It can be a challenging problem for many to figure out. Can we have our cake and eat it too?
behavioral finance
The Most Important Thing About Investing
There is a lot that you can learn about investing, and yet even the experts don’t believe the “how to” portion is the most important thing you should learn about investing. What is it then? What is the most important determinant to your investing success? Keep reading to find out.
Please share!
Social Arbitrage: Choosing Your Friends Wisely (BFS #4)
You are the average of the five people you surround yourself with. This is why you must choose your friends carefully, and take advantage of social arbitrage. This might be most important determinant in your spending habits, and your chance at financial success.
Please share!
Do You Suffer from Someday Syndrome?
We all suffer from Someday Syndrome in one way or another. Someday, things will be better. Someday, I’ll have this (or that). But, the truth is that we might live our entire life waiting for “someday” to come when what we needed was there in front of us the whole time…
Please share!
5 Reasons Investing in Individual Stocks is for Losers
Many people have enjoyed the successes (and more often the failures) of investing in individual stocks. If you have ever wondered if you should invest in individual stocks, this post is for you. And, if you currently do this sort of thing, I might call you a loser in this post. Read it at your own peril.
Please share!
Choosing the Right Asset Allocation: Avoiding Analysis Paralysis (BFS #2)
Getting started is sometimes the toughest part about investing. How do we pick the right asset allocation? What IS the right asset allocation? Behavioral Finance has something to teach us about why limiting our choices, and making things simple, is often the best way to figure it all out.
Please share!
Can I Afford the Monthly Payments? Losing The Forest for the Trees
Have you ever wondered whether you could afford a monthly payment on something? Maybe a car, house, or private school payments? I would argue that people asking this question are losing the forest for the trees. And we all do it. This post is here to remind us that there is a better way to think about money, and to tell you how to find the right mindset.
Please share!
Why Finding the Flow Might Be the Most Important Goal
We all know the experience. We are working hard, sometimes without even realizing how much work is being put in. As we diligently take care of our task, we are immersed. At some point, our concentration is broken (maybe because the task is done), and we realize that hours have passed. You have just found the “flow,” and I am here to tell you that it might be the most important goal we should have.
Please share!
How the Framing Bias Impacts Your Financial Decisions (BFS #1)
Politicians, media, and advertisers use the framing effect every day to their advantage. Without you even knowing it. I am here to tell you that the bias imposed by the framing effect has a major impact on your financial decisions, too. Come learn how to stop doing dumb things with your money in the first post of the behavioral finance series (BFS #1).
Please share!
The Behavioral Finance Series: Preventing Financial Mistakes
Have you ever wondered why people tend to make so many financial mistakes? We spend too much, save too little, and constantly serve as our own worst enemies. There is a reason for all of this, and a way that we can defeat it. Welcome to The Behavioral Finance Series where we will make you better with your decision making, your money, and even being a better doctor.
