Who is right about your money?

Traditional Economists or Self-help authors? So the question is whether popular finance books give the same valuable advice as academic economists. Economist & Finance professor James J. Choi was so interested in this question that he surveyed the 50 mostโ€ฆ

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Financial Nihilism – don’t do it

“Thereโ€™s no point in saving for the future because weโ€™re going to have war, revolution, and itโ€™s all going to come to a violent end.” Iโ€™ve also heard that young people arenโ€™t saving for retirement either (because โ€œthere is noโ€ฆ

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Forget about active investing and stay passive

๐—”๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ถ๐˜€ ๐—ฎ ๐˜๐—ฒ๐—ฟ๐—ฟ๐—ถ๐—ฏ๐—น๐—ฒ ๐—ต๐—ผ๐—ฏ๐—ฏ๐˜† โ€“ ๐—ฝ๐—น๐—ฎ๐˜† ๐˜๐—ต๐—ฒ ๐—ด๐˜‚๐—ถ๐˜๐—ฎ๐—ฟ ๐—ถ๐—ป๐˜€๐˜๐—ฒ๐—ฎ๐—ฑ.

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๐—ช๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ ๐˜†๐—ผ๐˜‚ ๐—ฑ๐—ผ ๐˜„๐—ถ๐˜๐—ต ๐˜†๐—ผ๐˜‚๐—ฟ ๐—บ๐—ผ๐—ป๐—ฒ๐˜†?

What do you do with your money?

If your answer is โ€œ๐‘๐‘œ๐‘กโ„Ž๐‘–๐‘›๐‘”, ๐‘Ÿ๐‘’๐‘Ž๐‘™๐‘™๐‘ฆ.โ€Okay, so why try so hard to earn lots more money? If your answer is โ€œ๐ผ ๐‘ ๐‘๐‘’๐‘›๐‘‘ ๐‘–๐‘ก.โ€Okay, so once you make money, hanging on to money is just as hard as making it. Youโ€ฆ

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What is Wealth to You?

What do you do with your money?

Managing Money is easy.Managing Wealth isnโ€™t. We quantify whatโ€™s easily countable, not what matters most. Wealth isnโ€™t as easily defined. But itโ€™s quite impossible to manage something we havenโ€™t defined for ourselves. ๐ˆ ๐š๐ฆ ๐œ๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ, ๐ฐ๐ก๐š๐ญ ๐ข๐ฌ ๐ฐ๐ž๐š๐ฅ๐ญ๐ก ๐ญ๐จ ๐ฒ๐จ๐ฎ?โ€ฆ

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