Why simple investing may actually be the best way to invest money

Best way to invest money

Nowadays, it is impossible to visit any online finance forum without reading how someone lost 40% in Bitcoin, 60% on an NFT, 80% in a SPAC, etc. I am not sure why people take such risks with their hard-earned money. When someone wants a root canal procedure, they go to a dentist. But when it … Read more

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Marshmallow test & Why delayed gratification is key for your finances

Delayed Gratification

Delayed gratification is the most important trait for financial success. To delay gratification is to resist the temptation of immediate pleasure for future benefit. Nature has wired us to seek instant rewards and not worry about tomorrow. Modern consumerism culture and advertising make it almost impossible to resist the temptation to spend money. However, numerous … Read more

Congratulations! You are a Time Billionaire – Make the most of it

Time Billionaire

Here is an interesting thought experiment – would you switch places with Warren Buffet? When I ask this question, people say – Yes. After all, who would not want to be a multi-billionaire? But in addition to being rich, you will also be 91 years old. When given this information, almost everyone changes their answer! … Read more

In praise of Leisure (or Why doing nothing is hard, but important)

Leisure

In a world that glorifies busyness and celebrates productivity, I recently embarked on a daring adventure – I did absolutely nothing for a week! As a consultant, I was always focused on productivity and getting things done. So ‘doing nothing’ was particularly hard. But the holidays offered a great time and excuse to try something … Read more

Why it is important to know the difference between Investing and Gambling

Investing vs. Gambling

“My Gamestop shares are down 50%! What should I do?” I was recently asked this question at a pizza party. I gave the only answer a consultant ever gives, “It depends.” “Depends on what?!” the host asked. “On whether you bought Gamestop as an Investment or for Gambling?” Seeing the quizzical look, I decided to … Read more

The American Dream – Why is it elusive and How to achieve it

American Dream

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

The Surprising Power of Gratitude (and how it relates to Finance)

Gratitude

“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