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 to…
A bit volatile out there recently, isn’t it? How do you feel? Calm or nervous? I choose to tell myself to stay calm and use the opportunity to refresh my memory on what I should do in order to be successful in…
Hello, my dear reader, today I feel very powerful. So 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,…
My apologies, in case I puzzled you, but we do love our acronyms here in Singapore. I have mentioned the PFC previously under the “Framing Bias” but to expound further, the PFC is your Prefrontal Cortex; a brain region that lies…
Do you use Alipay, payWave, Apple Pay, Google Pay, Samsung Pay or boring NETS or even Credit Cards to part with your money? Then for you making payments might hurt less than it should. The pain of paying may be the…
Would you have a few minutes for some slightly deeper thoughts? Do you trust your memory? Your memories are unreliable and often flat-out wrong, especially when it comes to remembering how you felt at a certain time or place.…
Does it give you a purpose beyond that biggest addiction of them all – your monthly paycheck? Does it enable you to contribute to something bigger than yourself? Hmm, what is he trying to get at? Allow me…
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…
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…