Being the frugal person that I am, I’m always looking for ways to save money. I just happen to come across a few books selling at significant discounts for some unknown reason.
Any takers?
Actually, I’m just using this joke to make a point.
When the economy was flourishing and the stock market was climbing, investors’ logic became [...]
psychology
Book Sale
Facing Fear Head-On
I don’t have all the answers, and I’m not one for giving individual advice, but if there’s one piece of general advice that I would give every working stiff with a diversified 401k-like plan, it’s this:
If you didn’t foresee this bear market and got out of the stock market near it’s peak, for heaven’s sake, [...]
Neuroeconomics
The concept of delayed gratification is that we succeed in life when we put off what’s immediately most pleasing and sacrifice for a better tomorrow. The Marshmallow Experiment has shown those who learn to master the habit of delayed gratification are the ones who increase their chances for a more productive and enjoyable life.
Makes sense, [...]
Personal Saving Rate Jumps
According to the Bureau of Economic Analysis, personal saving as a percentage of disposable personal income was 6.9% in May. It was 5.6% in April and 4.3% in March. The 6.9% rate was the largest since 7.6% in December 1993. The personal saving level of $768.8 billion, which followed an April level of $608.5 billion, [...]