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.…
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…
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…
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…
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…
Don’t waste your time reading all those stock market forecasts! Unless it is for pure entertainment. At the beginning of each year, there are many pundits, experts, self-proclaimed gurus, and other suspicious characters who’d like to sell you stuff predicting…
You’re rich. No, really you are. Whether you’ve paid for a computer or smartphone to browse the TACOMOB website on, or even handed a few coins over at an internet cafe, you’re far richer than many of your fellow human…
“Whoa, wait a minute,” I can hear you protesting, “Dude, what are you saying? No way! That might apply to you, but definitely not to me. I am special!” Face it, my friend, you’re nothing special, because the mediocrity principle simply states so. The universe…