Why Rich People Are Broke
A significant proportion of high earners are living paycheck-to-paycheck. Why? In this post we explore some of the reasons for this strange phenomenon.
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Personal Finance
Don’t Think About Personal Finance in Isolation
Personal finance is complex. This means that reductionism is dangerous – don’t think of personal finance components in isolation in time or space.
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Financial Utopia Without Financial Advisers
In an ideal world, everyone would have a financial adviser. But in reality, that’s not possible. The good news is that most people don’t need one.
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Putting Out a FIRE Part II: The Happiness Problem
FIRE is mathematically flawed but is also psychologically flawed. It involves sacrifices early years for some hypothetical tomorrow – there is a better way.
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Putting Out a FIRE Part I: The Numbers Don’t Add Up
Popular FIRE accumulation and withdrawal are too risky. Simulations tell you that following FIRE religiously can leave you exposed.
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Pensions: How We Got Here and Where We’re Going
Pensions used to be easy – your company did everything for you. Now the system is a mess, you accumulate far too many. We need reform.
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What’s the Point of Investing?
What’s the benefit of investing? Money is time-discounted but happiness is not. So you can invest to get more happiness later.
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Non-Financial Factors
There are a plethora of non-financial factors that affect financial decisions. The most optimal financial one might not be the best one.
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The Best Way to Approach Personal Finance
There are two ways to approach personla finance: bottom-up and top-down. Bottom-up is better, but a bit of a mix is best.
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What Are Retail Investors Buying?
Investment platforms are becoming the dominant force in retail investing. Investors are using them to buy international equities.
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