Behavior
One man’s discovery of enough wealth
Money, up to a point, can positively impact happiness. How much is enough. This is a story that will help you think about this question.
Better decision making improves your life
Improving your ability to make decisions that lead to your desired outcomes is worth the effort. Including probabilities into decision making increases the number of good outcomes in your life.
Your golden ticket will give your life meaning and purpose
Three stories of hardship in Africa help reinforce humility and gratitude. Take your golden ticket, explore life and be thankful.
You can have a less stressful life with Relationships
All of us need friends and its worthy of your time to establish and maintain healthy relationships. You can improve the lives of others and be fulfilled at the same time.
Mental Immunity and Joy are good for achieving Financial Security
Mental Immunity and Joy, in addition to Financial Literacy, are important in your pursuit of Financial Security.
Process, Marshmallows, Education and what makes a Good Employee
Focusing more on the process than the outcome will give you greater happiness and a sense of accomplishment. A few other thoughts on delayed gratification and what makes a good employee.
A Budget gives you line of sight to achieving Financial Security
It is very stressful to live paycheck to paycheck. You can reduce stress by taking control and creating a budget. A budget will give you confidence in how you make all of your spending decisions.
Two mistakes I’ve made and how to avoid them
We learn from mistakes. I’m sharing two of mine to illustrate how important Behavior is to Wisely Investing and Financial Security
A Podcast: Morgan Housel's, The Morgan Housel Podcast: Intelligence vs. Smarts
I previously recommended Morgan Housel's Book, The Psychology of Money. You can get a link to it below... a very good read to help with your future decision making.
I'm including a link to Morgan's Podcast, Smarts vs. Intelligence. I enjoy reading and listening to Podcasts and believe his podcast is a great one to bookmark. The episodes are short and filled with story telling that underscores the theme he discusses. Being smart and having emotional awareness will very likely lead to a better life than will having an above average level of intelligence.
Book on Behavioral Finance: Morgan Housel's, The Psychology of Money
Housel does a great job of illustrating how our brain processes risk, reward, greed and fear to help you better understand how important Behavior is to your financial well-being. Just about every chapter reinforced a personal perspective.
Housel does a great job of illustrating how our brain processes risk, reward, greed and fear to help you better understand how important Behavior is to your financial well-being. Just about every chapter reinforced a personal perspective.
Podcast Episode #177 Rational Reminder: Dr. Anna Lembke: Dopamine & Decision-Making
Two Canadians, Benjamin Felix and Cameron Passmore, are the hosts of the Rational Reminder podcast. They do a great job covering sensible investing and financial decision-making. In this episode, Felix and Passmore interview Stanford Dr. Anna Lembke author of Dopamine Nation.
It's a timely conversation that covers addiction, how dopamine operates in the brain, how addictive behaviors can be observed and, importantly, modified. Addictions cover a wide range of "drugs of choice" including, legal/illegal drugs, alcohol, gaming, shopping, porn, social media, online activities. One point Lembke makes is to consider a Dopamine Fast to help recalibrate your brain if you are concerned. Everyone is susceptible. Your mental health and financial security is at risk if you are suffering from any form of addiction. Help is available.
Recent Posts
Where does all the money go?
A Deeper Dive into Government SpendingBy Bob Peters || November 4, 2024An Insurance Company with an ArmyEvery citizen should understand how he/she is taxed and how our government spends those tax dollars. As mentioned in the blog post, Historical Tax Rates,...
Historical tax rates, government expenditures and the size of the federal deficit: Why it is important to understand
Historical tax rates, government expenditures and the size of the federal deficit: Why it is important to understand. Where would you cut spending? Who should pay higher taxes? Learn first.
The Haystack has all of the winners that you need
The Haystack has the winners that you need By Bob Peters || August 1, 2024Avoid getting poked by the needle The phrase, finding a needle in a haystack, connotates the near impossibility of finding someone or something. When it comes to investing it may not be quite...
Time: The same investment can be either risky or prudent
The same investment can either be risky or prudent depending on your time horizon. Volatility and expected future returns should align with your short, intermediate and long-term goals.