The Psychology of Money (review)

10/10 This book by Morgan Houssel is an instant classic. It goes over many of the personal finance trends we’ve seen in the last few decades. Not only he explains what they are, he talks about why they happen, and what should be the lesson of these phenomena. For example: he describes how people follow financial forcasters because thinking that someone knows the answer is simply more comforting than awknowledging the truth that no one knows for sure. Continue reading

New Year, Still me

Like many people, I hate the phrase “New Year, new me”, because it is a blatant lie. Nothing truly changes between December 31st and January 1st. At least, no dramatic changes. I feel that it must be known that gradual changes are more effective than rapid changes. Such changes don’t need to start at New Year’s either. So what should someone do to awknowledge the New Year? I believe 2 things: Continue reading