Ideas on Personal Finance
In my last blog post, I discussed the growing concerns about the risk of World War 3. While I still consider such an event unlikely, it is worth exploring how one can prepare for extreme scenarios. Lessons from History Many books delve into the impacts of war on wealth. For instance, Wealth, War & Wisdom … Read more
Lately, headlines warning about the possibility of World War 3 seem to be increasing. Normally, I’m not one to worry about such things. However, when respected voices, like the CEO of JPMorgan Chase, start raising alarms, it’s worth paying closer attention. Why I Used to Dismiss the Idea I always believed World War 3 was … Read more
This might be the least glamorous of the three posts I have about the election (the other two being – Revival of crypto and Rise of betting markets). But it’s an important one and worth paying attention to – the growing debate over the independence of the central bank. Why Should We Care About Central … Read more
In addition to the rise of crypto; another key takeaway from this election is the rise of betting markets. While polls consistently showed Trump and Harris were tied, betting markets predicted a clear Trump win. How did that happen? Polls ask people who they will vote for. Betting markets are a place where people bet … Read more
This election cycle has been tough, and I’m glad it’s finally over! Half the country is happy, and half is not. I miss the days when people would just shrug and move on after an election. I guess I am getting old!! But since this is a finance blog, I will not drive into politics … Read more
It’s spooky time! And I’m not talking about Halloween… Every four years, our country gets excited, anxious, nervous, or downright terrified about the elections. Who will win? Who will lose? Will taxes go up? Will inflation come down? What will happen to my investments?? While I don’t have answers to any of these questions, history … Read more
In a world where everyone seems to be in a mad dash, the phrase “Slow Is Smooth, Smooth Is Fast” offers a refreshing perspective. Originating from the Navy SEALs, this idea emphasizes that mastering the basics at a deliberate pace leads to greater efficiency and effectiveness over time. Contrary to popular belief, the fastest route … Read more
In a digital age filled with fleeting moments and constant distractions, Tim Urban’s article Your Life in Weeks offers a thought-provoking perspective on the passage of time and the finite nature of life. Through a simple yet profound visualization – a grid of boxes representing each week of a person’s life – the author lays … Read more
In a prior article I had talked about why the government needs to create a recession in order to bring down inflation. I am not sure when exactly the recession will happen, but things are definitely slowing down. While the erudite readers of this blog prioritize saving before spending; the majority of Americans rely on … Read more
Habits shape our lives. But not all habits are created equal. Certain habits, known as keystone habits or cornerstone habits, trigger positive changes in other aspects of our lives. In the book “The Power of Habit”, Charles Duhigg writes that if you focus on one keystone habit, other positive habits will be easier to put … Read more