Tag: investing
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Why True Wealth Doesn’t Always Look Rich
We’ve all seen it on Instagram, someone posing on a private jet (which turns out they rented one), dripping head to toe in designer labels. Next to them? Typically, it’s a Birkin bag, caviar, and a wine. For aesthetic decor, obviously. The ultimate “Rich Life Starter Pack”. And sadly, we’ve been taught to believe this…
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The Dangers of Keeping Up with the Joneses
Do you still remember MTV’s reality show “The Hills”? Interesting show, isn’t it? Even though there a pros and cons about whether it was scripted or not, it doesn’t matter. The fact is that the show was a huge success. Of course, the success came in one package with the stars themselves, two of them…
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From Janitor to Millionaire: Money Lessons!
In 2014, most of the American public was shocked by this fact. What is it? There’s this guy, named Ronald Read, who lived as a gas station attendant for 25 years and then became a janitor for 17 years in Vermont, USA. He lived a humble, simple life. Drove an old car, wore flannel shirts,…
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Break Free from Sunk Cost Mentality!
Have you ever felt that: I did. And I guess we are ever in the same boat on this one. Because this is a common logical fallacy. This is what we call the “Sunk Cost Fallacy,” aka being misled by the costs we’ve already spent. This is not efficient, let alone rational, you just spent…
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