Education
Financial Misconduct and Other People’s Money
Knowing how financial professionals are compensated is important to your financial wellbeing. Awareness of how conflicts of interest can be managed and how misconduct can occur is critically important as you navigate financial decisions. You are “Other People’s Money” so be wise and ask questions.
The Power of the Marginal Dollar
The post explores the concept of the marginal dollar, illustrating how money, once received, loses its specific purpose, affecting choices and priorities in spending. It emphasizes the importance of understanding the economic power of money while acknowledging the moral obligations attached to gifts. Reflecting on these choices shapes financial security and decision-making.
Traveling back in time with my Dad
91 Years Later By Bob Peters || April 14, 2026Happy Birthday DadMy dad turns 91 in a few days, and I thought it might be nice to write a post recognizing this milestone. Besides lunch at one of his favorite spots, Toby’s in Coupeville, and a visit with family, we do...
Poor Richard and Seed Corn for your future
Your financial security can be enhanced from the lessons learned on the farm. Don’t eat the seed corn.
Japanese internment; a lesson, fear and poor decision making
On February 19, 1945 the Presidential Executive order 9066 devasted the lives of over 100,000 Americans of Japanese descent. Fear is an emotion that can lead to poor decision making.
Rent Control and Fair Value
Government regulations impact your financial well-being. Let’s look at rent control and eminent domain as two areas where public policy can affect your financial security.
Your wealth equals Human Capital and Financial Capital
Wealth equals Human Capital plus Financial Capital By Bob Peters || April 12, 2025The Circle of Life and Work: Understanding Human and Financial Capital One of the top selling home video movies was the 1994 release of the original Lion King with tens of millions of...
A wonderful meal can help you achieve financial security
Cooking Up Financial Success: The Recipe for a Secure Future By Bob Peters || March 16, 2025A memorable dinnerI had a wonderful dinner the other day. Every dish was perfect. The main dish was a perfect temperature and cooked just right. The sauce was rich and...
A first hand diary of Benjamin Roth who documented life in Youngstown Ohio during the Great Depression: The Great Depression: A Diary
Reading the actual notes from Benjamin Roth's diary gives a first hand view of how such a difficult period in US history impacted daily life. You feel as if you are living the experiences as you flip each page. This book will boost your sense of gratitude and empathy. As with all books, check out your library first.
A Book elaborating on the University of Texas 2014 Commencement Address given by Admiral William H. McRaven: Make Your Bed, little things that can change your life and maybe the world
This exceptional man, a retired four star Admiral who led the Navy Seals, recounts the 10 principles he learned in Navy Seal training that helped him overcome challenges and adversity. The book is a quick read and the video of the actual Commencement Address will give you goose bumps. Over 10 million viewers have seen the video.
A book: Thinking Fast and Slow, Daniel Kahneman
The 2002 recipient of Noble Prize in Economic Sciences was an early academic pioneer to explain how human brains are wired for Fast (System 1) and Slow (System 2) processing and how these systems impact financial decision making. Kahneman gives you practical ways you can be better armed against the human brain mechanics that can result in poor decision making.
A book: The Geometry of Wealth: How to shape a life of meaning, by Brian Portnoy
Brian Portony, PhD and CFA, is a well respected academic and author in the field of behavioral finance. This is not a get rich quick read. Rather, Portnoy takes you on a journey to think about how money overlays into a joyful life. Portnoy covers off on the difference between Experienced and Reflective happiness which grounds all of us, regardless of our individual financial circumstances.
A Podcast: Rules of the Money Game, The Morgan Housel Podcast
I'm a big fan of Morgan Housel and highly recommend reading his book, The Psychology of Money, as well as bookmarking his Podcast. The link above takes you to his 3rd podcast episode where he discusses his top 30 rules of the money game...good stuff. Enjoy.
America in Facts 2025: USA Facts.org
A non-partisian report covering federal finances, federal tax revenues, standard of living, immigration and border security, and population. Use facts, determine your view using facts.
Recent Posts
Financial Misconduct and Other People’s Money
Knowing how financial professionals are compensated is important to your financial wellbeing. Awareness of how conflicts of interest can be managed and how misconduct can occur is critically important as you navigate financial decisions. You are “Other People’s Money” so be wise and ask questions.
The Power of the Marginal Dollar
The post explores the concept of the marginal dollar, illustrating how money, once received, loses its specific purpose, affecting choices and priorities in spending. It emphasizes the importance of understanding the economic power of money while acknowledging the moral obligations attached to gifts. Reflecting on these choices shapes financial security and decision-making.
Traveling back in time with my Dad
91 Years Later By Bob Peters || April 14, 2026Happy Birthday DadMy dad turns 91 in a few days, and I thought it might be nice to write a post recognizing this milestone. Besides lunch at one of his favorite spots, Toby’s in Coupeville, and a visit with family, we do...
Sunk Costs: Know when to hold’em, know when to fold’em
Decision Making can be improved by understanding sunk costs. Perseverance is about sticking with good bets, not resuscitating bad ones.