Pete the Planner: Don’t let your rich friends redefine what’s affordable
The pressure rarely comes from the wealthier friend. It comes from inside us.
Read MoreThe pressure rarely comes from the wealthier friend. It comes from inside us.
Read MoreThe arithmetic is simple. The psychology isn’t.
Read MoreI spent $14 (clearly the break was the manufacturer’s fault, not mine) in 26 seconds, and the replacement arrived at my home 36 hours later. I loved it.
Most adults do a remarkable job of learning how to conveniently obfuscate the consequences of their actions, both in premeditation and after the action itself.
I’m pretty sure I’m living a high school econ lesson in real time. And it’s called elasticity.
I’ve started to wonder if some people are becoming so efficient with money that they accidentally become inefficient with life.
I’ve seen plenty of financial plans built primarily on life insurance schemes that worked beautifully.
Back when I was 22 and freshly married, I cared about everything.
Actually, I just want you to clean your garage. And your basement. And that closet. And that other closet. And most certainly your storage unit.
Before you roll your eyes, let me clarify something important: Recessions don’t just appear out of nowhere.
When an expense becomes normal, it disappears from scrutiny.
Welcome to the dad talk you didn’t ask for.
AI is spectacular at a few things that most people are, frankly, terrible at.
We tend to think financial independence is about earning more. It’s not. It’s about what you refuse to inflate.
Real opportunity has a sneaky way of disguising itself.
So as we approach that arbitrary time of year in which change seems more possible than normal, set yourself up for success by limiting your new moves.
People are tired. People are oversubscribed, over-scheduled, over-notified, over-upgraded, overdoing and somehow underwhelmed.
Before you assume they were secret geniuses, let me tell you what is actually going on.
Part of what’s thrown off our sense of risk is how resilient the market’s been to bad news.
To best answer this question, we must draw some parallels with how the body ages.
Instability rarely shows up all at once. It sneaks in quietly, wearing the same outfit as “everything’s fine.”
For upper-middle and upper-income families, lower rates are more than cheaper monthly payments. They’re levers.