Ideas on Personal Finance
The 5 Chimps Theory states that you are an average of the five people you spend the most time with. Like it or not – you are greatly influenced by the 5 people closest to you. Most of your conversations are with these people. They affect your mood and drive your behavior. They influence your … Read more
The American Dream is a long-standing belief that everyone can become successful and move up in life. However, almost two-thirds of Americans think that the American Dream is dead! And this is not just an American phenomenon. Globally, more people are pessimistic about the future than ever before. There are several factors behind this – … Read more
“Why is Finer writing about Gratitude?” you might ask. “Isn’t this is a personal finance blog?” Yes – this is a personal finance blog. But over the years, I have realized that the ‘personal’ aspects of ‘personal finance’ are more important than the ‘finance’ part. The finance part is straightforward and math-driven, whereas the personal … Read more
Inflation means things get more expensive. We are seeing everything go up in price – from everyday items like groceries to cars and houses. Inflation is like the weather – everyone loves to talk about it, but no one can really do much about it. Governments worldwide, all-powerful central banks, and business leaders are all … Read more
The Millionaire Next Door is a book written by two authors based on their interviews with several millionaires. It details the common traits of millionaires and contains anecdotes from the interviews. Although the book is a bit long and a bit dated, it is a must-read for all personal finance enthusiasts. Many books talk about … Read more
Rich vs Wealthy: Definition Wealthy and Rich are often used interchangeably, but they represent very different things. There are a lot of rich people but far fewer wealthy people. Rich and Wealthy people both have a lot of money. The difference is that the rich have lots of money, but the wealthy don’t worry about … Read more
A walk amongst the wealthy… A small change in our normal, daily routine can sometimes lead to a big discovery. On an unusually pleasant summer day, MrsFiner and I were taking our usual evening walk. Feeling a bit adventurous, we went farther than we usually do. As we strolled through the new neighborhood, a magnificent … Read more
The simple difference between working for money and having money work for you can be the difference between being poor or becoming wealthy! It’s your lucky day… Someone comes up to you and offers to make money for you. Even better, they expect nothing from you! Initially, you think that it is a joke. But … Read more
Evolution has taught us to think short-term and made it difficult to plan for the future. Making a few small changes might help us get better at financial planning. Why we are bad at Financial Planning Planning, by definition, involves thinking about the future. You may want to develop a financial plan to buy a … Read more
If you are happy, Financial Independence (FI) will make you happier. Pursue happiness before pursuing FI. Financial Independence and Happiness One of my big revelations after reaching Financial Independence (FI) was that it did not change my level of happiness. During my FI journey, I had imagined that everything would get better once I hit … Read more