Stock Trading Education
The other day, an ex-colleague asked me to point him to some trading books that would teach him to get rich. I was cracking my head for some wisdom that could help him with in his journey as trader. After a while,…
Category: Prosper Slowly Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
Money-Can-Not-Buy-Happiness-Bias
Numerous studies have shown that money makes happy up to an inflection point of between 40,000 to 70,000 USD per year. I guess that is quite obvious since with that amount of money one’s basic needs can be met (depending on where…
Decision Heuristics
Or why we adhere so strongly to our beliefs. One culprit is what the rule of consistency describes: a powerful force that compels us to act in a way that is consistent with our past behavior (this rule is extensively…
Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
Money-Can-Not-Buy-Happiness-Bias
Numerous studies have shown that money makes happy up to an inflection point of between 40,000 to 70,000 USD per year. I guess that is quite obvious since with that amount of money one’s basic needs can be met (depending on where…
Decision Heuristics
Or why we adhere so strongly to our beliefs. One culprit is what the rule of consistency describes: a powerful force that compels us to act in a way that is consistent with our past behavior (this rule is extensively…