Ideas on Personal Finance
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
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 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
It is common to see headlines like “Inflation hits multi-decade high” or “Unless your salary goes up 8.5%, you are losing money”. While these headlines grab attention, they may not be relevant to you. Everyone’s inflation rate is different. The overall inflation rate is 8.5%, which is the average for everyone. Your rate could be … Read more
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A few months ago, I had written that the government wanted to cause a recession in order to stop the runaway inflation. Well, now that the government has managed to start a recession, it is worth thinking about what comes next. Why recession? Recessions suck. The economy slows down, job losses increase, and people feel … Read more
It may seem strange that the government and federal reserve want to purposefully cause a recession. During a recession, the economy shrinks, companies lay off workers, and things get miserable all around. So why then would they want to start a recession? In a previous article, I talked about what was causing inflation last year. … Read more
For some Finer readers who like to listen to podcasts, one of my articles was featured in the Optimal Finance Daily podcast. Please click here to listen online or click here to listen on the Apple Podcast app or search for “Optimal Finance Daily” in your podcast app (Episode 1,860). For those of us who … Read more
Joseph Heller – a famous novelist – was at a party hosted by a billionaire hedge fund manager. A guest informed Heller that the hedge fund manager had made more money in a single day than Heller had earned from his wildly popular novel Catch 22. Heller responded, “Yes, but I have something he will … Read more