What if you run out of life?

What if you run out of life?

๐ˆ ๐š๐ฆ ๐œ๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ, ๐ฐ๐ก๐š๐ญ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐›๐ž ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐ข๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ข๐ง๐  & ๐ฎ๐ฌ๐ž๐Ÿ๐ฎ๐ฅ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ฒ๐จ๐ง๐ž ๐œ๐จ๐ฎ๐ฅ๐ ๐ ๐ž๐ญ ๐ญ๐ก๐ž๐ข๐ซ ๐ก๐š๐ง๐๐ฌ ๐จ๐ง? Thought about it? Thought about it a bit more? For me, it would be ๐ค๐ง๐จ๐ฐ๐ข๐ง๐  ๐ก๐จ๐ฐ ๐ฆ๐ฎ๐œ๐ก ๐ญ๐ข๐ฆ๐ž ๐ˆ ๐ก๐š๐ฏ๐ž ๐ฅ๐ž๐Ÿ๐ญ. Itโ€™sโ€ฆ

Continue reading

Sleep well at night

What is wealth to you?

Any investment or personal finance strategy that keeps you up at night is a terrible strategy. Instead, optimize your personal finances to make your life better, not worse. Itโ€™s as easy as 1-2-3: 1๏ธโƒฃ Aim for reasonable, not perfection. 2๏ธโƒฃโ€ฆ

Continue reading

Your Ability to Spot Financial Bullshit Predicts your Financial Well-being

Avoid financial bullshit

๐—ง๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฎ๐—ฟ๐—ฒ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜„๐—ต๐—ผ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ฟ๐—ถ๐—ฐ๐—ต – ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐˜€๐—ธ, ๐˜๐—ต๐—ฒ ๐˜€๐—ฎ๐—ฐ๐—ฟ๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฒ, ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ฑ๐—ฒ๐—น๐—ฎ๐˜†๐—ฒ๐—ฑ ๐—ด๐—ฟ๐—ฎ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ป๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ฎ๐—ฟ๐˜† ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ฐ๐˜‚๐—บ๐˜‚๐—น๐—ฎ๐˜๐—ฒ ๐˜€๐˜‚๐—ฐ๐—ต ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต.

Continue reading

Why do we misbehave so often?

Why do you misbehave?

According to economists, we should all be cold, clear-eyed spenders who always choose what would benefit us the most economically. In their economistsโ€™ world, we are all as emotionless, passionless, and predictable as the Vulcan Mr. Spock in Star Trek, since we are supposedlyโ€ฆ

Continue reading

Don’t worry, be …

protect your portfolio with Put Options

… Hmm, I donโ€™t know how that header should be completed. Do you?ย  No? Then, letโ€™s find out together. In my opinion, the standard saying: “Don’t worry, be happy” seems to be too simplified because not only do I doubt that one can beโ€ฆ

Continue reading

Extreme Discounting

hyperbolic discounting

It’s the time of the year again where we start out with a bag full of New Year’s Resolutions and than slowly … one by one … fail to execute them. Do you happen to have set the resolution toโ€ฆ

Continue reading

You got promoted

Hello, my dear reader, today I feel very powerful. Soย I have decided to promote you to the position of CEO. Congratulations. You are a real CEO now. Not later! Now! What do I mean by that? In this information age,โ€ฆ

Continue reading