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The fallacy of composition is a fundamental fallacy of reasoning or thinking and it arises when we infer that just because something is true of some... -
Living below your means is absolutely required if you are to build wealth, gain financial independence, and live a life of dignity. However, too many... -
Although we try to live life as wisely as possible, financial emergencies do arise simply because of the unpredictability of life. We might plan, but... -
A stock is a share of ownership in a corporation - buying a stock means buying a piece of ownership in a corporation. However, there's more to know... -
Although there's no general legal definition for the term "mutual fund," a mutual fund generally refers to an investment fund that is professional... -
An exchange-traded fund is an investment fund (similar to mutual funds) but can be traded throughout the day with general liquidity (like stocks). In... -
To become an excellent saver over the long term you must get some sort of mental reward from saving - if saving is a difficult process (like... -
An undergraduate degree is a wonderful thing and college or university can be an amazing experience. You’ll learn a great deal, but almost as... -
If you've had a financial emergency that forced you to dip into your emergency fund, rebuilding it quickly is crucial to your financial success, even... -
To be successful and to live a life of dignity and self-respect, every independent adult who is of sound mind must live below his or her means.... -
Follow the 4 easy steps below to have a prosperous and successful marriage and to put your new household on the path to financial... -
It seems that in most things in life that we try, we quit right before the big payoff. Just like a tiny plant that is about to break the surface of...
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Today, if you live in the developed world, you have unprecedented financial flexibility that will allow you to get your hands on cash very quickly -... -
We've been told (especially millennials) that we are in control of our lives - that we can achieve literally anything we desire as long as we put in... -
Are you planning to have a baby? Did you already have a baby? Below are 8 essential things you must do after your baby is born - do them and set...
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Are you a typical investor? Research shows that the average investor in the United States significantly underperforms when compared to broad indexes... -
Once you've accumulated your 3-month to 6-month emergency fund you will need a place to put it. Where should you keep your emergency fund? There are... -
You need an emergency or rainy day fund to protect you against all of life's unpredictabilities. But saving up 3-months to 6-months of living... -
I love infographics - they can represent interesting and useful data in ways that are easy to understand. Sometimes, the very good infographics can... -
Scarcity is a fundamental principle in economics that lies at the bedrock of the elegant social science. Scarcity in economics refers to the...
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Investing is one of the best ways to grow and preserve your wealth, but you shouldn't start investing unless you've done the 7 things below. Read the...
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You know you need an emergency fund in place, but do you know why? All of the financial media says you should have a rainy day fund in place, but few...
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Economics, at its core, is about answering three elegant but important questions. They lie at the foundation of the subject and must be answered by...
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For my first foray into purchasing Bitcoin I decided to go with Coinbase. Coinbase is a Bitcoin wallet that also provides Bitcoin trading services... -
Drawn in Paris and dated November 20, 1869, Charles Joseph Minard’s Figurative Map of the Successive Losses in Men of the French Army in the... -
Online savings accounts have been around for about a decade and provide a solid alternative to traditional savings accounts. You should have a 3...
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The most basic question that one can probably ask regarding all things finance, economics, and money is “What is money?” We all know that a US...
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This is a topic that’s been covered by every financial blog, podcast, book, or show, but we’ve got to cover it here as part of the basics because...
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I wrote about Bitcoin previously. You can see my original article here. I have learned more about Bitcoin and more about investing, and I have been...
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The common financial rule of thumb says that you should have 3 to 6 months of living expenses in your emergency fund. But what does "living...
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What is investing? You know the word, but do you really know what it means? Are you investing or are you speculating? Knowing what investing really...
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In The 48 Laws of Power, Robert Greene takes the reader on a spectacular journey throughout history, stopping at a plethora of interesting...
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Here are the notes I took from a lecture on presentation fundamentals during my first year in grad school. The lecture was given by a professor who...
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We all know (or should know) that having an emergency fund is crucial to successful financial planning. Having a rainy day fund is one of the first...
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Many people think that saving money and investing it is hard. They feel that saving is on the opposite spectrum of fun and involves scrimping,...
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The Law of Demand can be represented by the following graph - a downward sloping line with Price (P) and Quantity (Q) on the axes. The Law of... -
Have you heard the saying "More isn't always better" before? That's not true according to economists. An underlying assumption in economics is that,...
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We all know (or should know) that buying a lottery ticket is truly a waste of money in the formal sense of the concept. Your chances of winning are... -
The United States Men's National Soccer Team allows modern Americans to feel something very unusual yet something I find very profound and useful: We... -
Sequential stock screening involves reducing the universe of stocks to a manageable size. For example, sequential stock screening might involve... -
Ever since I took my first economics course as a freshman in college, I fell in love with the field. As I continued my studies, both in the classroom...
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I rarely read fiction books and I'm not quite sure why. It might be because I feel that I have a lot to learn and that I shouldn't spend time reading...
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I learned about this video while I was an undergraduate pursuing my degree in economics. Learning economics and being a genuine economics nerd, I... -
The Richest Man in Babylon, written by George S. Clason is an interesting, relatively brief, and useful read that will educate those new to money...
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Although opinions vary, it is not considered best practice to include your LinkedIn information on a professional resume. I was told by the...
Latest Articles
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The Fallacy of Composition -
3 Super-powered Tips to Get You to Save More Money -
Handle a Financial Emergency With Skill and Savvy -
What is a stock? -
What is a mutual fund? -
What is an exchange-traded fund (ETF)? -
Are you a good saver? Here’s how to become one! -
8 Things You Must Do Before Starting College -
How to Quickly Rebuild Your Emergency Fund After a Financial Emergency -
Why You Must Live Below Your Means
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