The Relative-Dollar-Bias

I believe people sometimes need an accountant with a whip next to them. Wuh-PSSSH!  Whapshhh! Although for some of you, that may sound like a great idea (“yeah, give it to me!”), my take is that the majority of you would be…

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My Background Story

47 years old, three teenage kids, one wife, home since 1997: Singapore After completing my A-levels in Germany, I started on the traditional path in acquiring some skills to earn money.  I did an Industrial Apprenticeship with Siemens.  Then worked, and…

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Optimism

People tend to be optimistic about the future and that is not a bad thing in general.  However, this optimism might easily develop into “wishful thinking”. Too much “wishful thinking” will be harmful to your money.  You might be awful at managing your money when…

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Hedonic Treadmill

What kind of treadmill is that?  You say, “I know only the treadmills from Horizon, Epic, and  Lifespan.” Like so many of us, I am quite sure that you have spent some time on the Hedonic Treadmill. The Hedonic Treadmill is one that some people are constantly running…

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