Am I saving enough?
Quick question: Would it be easier for you to save 20% of your monthly income, or to live on 80% of your monthly income? In case you answered, “Save 20%,” you are just average (sorry for being so blunt) and might be…
Tag: Regret
Don’t worry, be …
… Hmm, I don’t know how that header should be completed. Do you? No? Then, let’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 be…
I don’t want to feed the scammers or how to avoid the temptation of Getting-Rich-Quick-Schemes
There are people out there who want to be rich—without the risk, the sacrifice, or the delayed gratification necessary to accumulate such wealth. But you and I—logically—do not belong to that group. Of course not! Well, in my case, that statement is a tiny bit of wishful…
Use your money to buy happiness
The younger you are, the more likely you are to believe that more money is the key to happiness. This is why, in my experience, many confident 20-year-old college boy wants to go into investment banking. And it’s why we…
Is having more money important to make you happier? Let’s put it into perspective
Would knowing that you are among the TOP 1% earners in the world make you happy? How much does one need to earn to be among the TOP 1% of the world? US$ 34,000 or about S$ 45,000 per year.…
8 Truths I do like to remind myself of
Busy schedules and weekly routines have a tendency to put my brain on autopilot and I lose sight of the important things in life. Some of life’s essential truths need repeating. So, I’d better write them down: MY SELF-WORTH…
It happened again – Self-enhancing transmission bias
I caught myself again yesterday. I was having coffee with an ex-colleague of mine. Back from the phase in my life when I was doing my ‘corporate duty’. I do like to occasionally check in with my ex-colleagues to see…
Remember the App “FarmVille”? It’s the Sunk Cost Fallacy in action
Oops! Despite trying to understand more than 60 cognitive biases by writing about them, I just realized that I have yet to share anything about the “classic”—the Sunk Cost Fallacy. And although I have written about its sister biases Loss and Regret Aversion, they alone leave gaps…
Book: ‘Mind Power’ by James Borg – Key Statements
Chapter 1: You are What You Think “You are today where the thoughts of yesterday have brought you and you will be tomorrow where the thoughts of today take you.” — Blaise Pascal We can’t change other people and our…
Attention! Attention to your Attention Span!
Let me ask you: “Do you feel the urge to check your latest Facebook friends’ updates, news-feeds or Instagram photos—on the go? And do you succumb to this urge; thereby coincidentally increasing the probability of eliminating yourself—prematurely—from the gene pool?” The…
Don’t worry, be …
… Hmm, I don’t know how that header should be completed. Do you? No? Then, let’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 be…
I don’t want to feed the scammers or how to avoid the temptation of Getting-Rich-Quick-Schemes
There are people out there who want to be rich—without the risk, the sacrifice, or the delayed gratification necessary to accumulate such wealth. But you and I—logically—do not belong to that group. Of course not! Well, in my case, that statement is a tiny bit of wishful…
Use your money to buy happiness
The younger you are, the more likely you are to believe that more money is the key to happiness. This is why, in my experience, many confident 20-year-old college boy wants to go into investment banking. And it’s why we…
Is having more money important to make you happier? Let’s put it into perspective
Would knowing that you are among the TOP 1% earners in the world make you happy? How much does one need to earn to be among the TOP 1% of the world? US$ 34,000 or about S$ 45,000 per year.…
8 Truths I do like to remind myself of
Busy schedules and weekly routines have a tendency to put my brain on autopilot and I lose sight of the important things in life. Some of life’s essential truths need repeating. So, I’d better write them down: MY SELF-WORTH…
It happened again – Self-enhancing transmission bias
I caught myself again yesterday. I was having coffee with an ex-colleague of mine. Back from the phase in my life when I was doing my ‘corporate duty’. I do like to occasionally check in with my ex-colleagues to see…
Remember the App “FarmVille”? It’s the Sunk Cost Fallacy in action
Oops! Despite trying to understand more than 60 cognitive biases by writing about them, I just realized that I have yet to share anything about the “classic”—the Sunk Cost Fallacy. And although I have written about its sister biases Loss and Regret Aversion, they alone leave gaps…
Book: ‘Mind Power’ by James Borg – Key Statements
Chapter 1: You are What You Think “You are today where the thoughts of yesterday have brought you and you will be tomorrow where the thoughts of today take you.” — Blaise Pascal We can’t change other people and our…
Attention! Attention to your Attention Span!
Let me ask you: “Do you feel the urge to check your latest Facebook friends’ updates, news-feeds or Instagram photos—on the go? And do you succumb to this urge; thereby coincidentally increasing the probability of eliminating yourself—prematurely—from the gene pool?” The…