Great life lessons from people who have “been there, done that” long before you.
To what? – you might ask. To whatever you are somewhat interested in. We are masters in paying zero attention to what we are not interested in. All thanks to our inborn or learned biases. Regular readers of Tacomob are…
I was a bit quiet over the last 4 weeks for a reason. I went for a Mountain Biking Tour to Nepal. Living in a densely populated City-Island-State like Singapore—where driving in any direction for about 30 minutes brings you…
You and I we tend to be optimistic about the future. 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 you and your money. You might be awful…
The best way to talk to people about money … is keeping the phrases, “What do you want to do?” or “Whatever works for you,” loaded and ready to fire. You can explain to other people the history of what…
Why do we consciously do things which we genuinely know are not beneficial to us? A non-financial example includes smoking cigarettes (we know we shouldn’t, but many do anyway), while a financial example includes not living within our means, or saving up for a…
If your answer is yes, you are an honest chap. If your answer is no, either you are lying to yourself or your name must be Nobody (“Nobody is perfect”). Or you are a candidate running for president—the best any country ever had. I would…
An interesting week we are going through right now. The stock markets are finally providing a bit more entertainment value. Giving us a good test on another (nasty) bias that makes us do dumb things with our money: Illusion of skills. All…
I had lunch with an ex-colleague from my corporate-duty-days yesterday. She asked me how was it possible (sic!) to achieve financial freedom by the age of 44? Hmm, that made me think. I was not able to come up with…
How was your weekend? Was it full of memorable moments? How many days of annual leave do you have left carried over from 2017? What kind of experiences are you going to exchange them for? Need some encouragement? Have a…
Are you a stock picker? May I ask why? What makes you think that you can outsmart full-day traders and the professionals? What is your edge over them? You might no longer have an edge in calculating ratios or analysing…