Category: Mindset
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The Moving Line in Financial Security: From “Never” to “Why Not”
Intro The goal of this note is not to tell you how to live, but to give you a framework to evaluate your own decisions.It is useful to balance the numbers when we talk about expenses in our life.There is a well-known discussion about avocado toast and lattes “ruining” your financial future, or not.Usually, the…
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On the price of financial instruments
Eating in the restaurant instead of buying four in a grocery store is a waste of money Buying new car instead of used one is a waste of money Buying annuities or life insurance instead of stocks is a waste of money NOT At some point in life it is time to spend more and…
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“Do You Really Love Your Job?”
Some people say they love their job. (While many others secretly count the days until Friday, but this is different story) Here’s a quick thought experiment for the first group. Imagine I make you an offer:You’ll never have to worry about money again.From today until the end of your life, everything you need is fully…
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Financial advisors make life better. Why planning beats ignoring
Accepting that money needs to be managed is not easy. Somehow, there is a roadblock to the idea that handling and optimizing money is not a decent goal. We do not want to be bothered with it. We work hard, and that is it. Let’s think about it one more time. Assume we’ve decided to…