As I sat at a red light in our neighborhood last week, waiting to make a right-hand turn, my attention was focused on traffic coming from my left. As I waited, I committed a grievous sin. I didn’t notice that the oncoming drivers were slowing down because their light had turned red and mine had […]
Archive | Psychology of Money
Profitable Ideas: 12 Simple Ways to Save Money, Physical Wallets Are So Yesterday, and More
Weekly roundup of recommended personal finance articles from around the web. 12 simple ways to save money (Becoming Minimalist). Simple indeed, and effective. There’s more upside than downside for long-term investors (Sam Ro). It’s been a brutal years for investors, but every bear market in history has eventually turned into a bull market. These are […]
Profitable Ideas: Your First Bear Market Rodeo is the Hardest, Everything Compounds, and More
Weekly roundup of recommended personal finance articles from around the web. Navigating the pain of your first bear market (A Wealth of Common Sense). Words of wisdom for all investors, but especially new investors. Everything compounds (Humble Dollar). One of the most important concepts in money management, and in life. Scams are showing up at […]
Keeping a Steady Hand on the Wheel Under Changing Financial Conditions
The way we buy cars offers a great example of what I call “binge/purge” money management. For the auto industry, 2018 was a solid year. Some 17.3 million vehicles were sold, with SUVs and trucks leading the way. Auto industry writers, such as Jason Unrau, attributed the strong sales, in large part, to low gas […]
Profitable Ideas: The “Overfinancialized” Life, Fuel-Efficient Routing, and More
Weekly roundup of recommended personal finance articles from around the web. The overfinancialization of everything (Young Money). Don’t go through life understanding the cost of everything but the value of nothing. Why watching decluttering videos feels so good (Wired). But how many videos will it take before we actually tackle the junk drawer? For every […]
Profitable Ideas: Easing Your Money Worries, Teaching Kids an Invaluable Lesson, and More
Weekly roundup of recommended personal finance articles from around the web. Stop worrying about money (Living Well, Spending Less). Good, practical steps for getting to a better place with money. 4 lies our consumer society is telling you that you should reject right now (No Sidebar). Our culture speaks to us every day, often in […]
Profitable Ideas: Rewriting Your Money Script, Becoming a Better Investor, and More
Weekly roundup of recommended personal finance articles from around the web. How to figure out your “money script” — and change the way you handle your finances (Money Ning). We all have conversations about money going on in our minds. Change the conversation and you could change your experience with money. The difference between busy and […]
Profitable Ideas: The Inflation Hedge No One’s Talking About, “Unspoiling” Your Young Kids, and More
Weekly roundup of recommended personal finance articles from around the web. The world’s best inflation hedge (Young Money). No brokerage account required. How you can take a digital detox this summer (Becoming Minimalist). This could be a summer to remember. Let’s not waste it scrolling mindlessly on social media. What to say when a recruiter […]
Choose Your Financial Role Models Well
The comparison game is hard to avoid. It’s been played for a long time, and lately it’s become even more challenging. “I think the difference today is the unending nature of knowing what ‘the Joneses’ do, given technology. Purchases, vacations, educations are all broadcast via social media and other means.” That’s Sarah Stanley Fallaw, Founder […]
Profitable Ideas: Defining “Rich,” Fail-Proofing Your Budget, and More
Weekly roundup of recommended personal finance articles from around the web. Are you rich? How the wealthy are defined (US News). How would you answer that question? Retailers use psychology to influence your buying decisions, here’s how (World Economic Forum). What percentage of your typical grocery run do you think consists of impulse buys? 5 […]