Retirement Account – Taxation Many folks should use tax deferred programs such as the RRSP or 401(k). Contributions made into a retirement account is tax-deductible and can grow tax-free in the account. When it is eventually withdrawn and taxed the plan holder will likely be in a lower income tax bracket. I would personally try to keep investments that produce mostly capital… Read More »
Mental Contrasting Mental contrasting is a visualization technique to help people get what they want. 🙂 It was developed by Gabriele Oettingen, a psychology professor at New York University. This technique has strong empirical support. 🙂 Over the last decade in studies conducted by Gabriele and other researchers, mental contrasting has been shown to increase attendance and academic performance for low-income… Read More »
Here in my apartment, just got this new Hot Wheels here. It’s given me countless hours of fun and imaginary play time. 🙂 But you know what I like more than materialistic things? Knowledge. In fact, I’m a lot more proud of my library card, which gives me access to tens of thousands of books. It’s like the billionaire Warren Buffett… Read More »
Learning About Incentives From The Big Short An incentive is something that motivates us to do something. The study of incentive structures can help determine economic activities. If our goal is to have money then we are motivated to work and get paid. 🙂 Understanding how incentives and disincentives work is important to analyzing the financial markets. The subprime mortgage crisis of… Read More »
Breaking Through the Mental Barriers For most of humanity the world believed that it was not physically possible for humans to run a mile in 4 minutes or less. This was a universal belief because the challenge had been attempted by athletes across many generations throughout human history but no one had ever succeeded. 🙁 But then something miraculous happened in 1954. A man named… Read More »
The three most common personality types for FIRE inclined bloggers are INTJ, ENTJ, INTP. Table of Contents: Introduction The importance of knowing your type How personality affects your financial habits How rare is your personality? Most common types for Personal Finance Bloggers How personality affects your income and career In Closing and Sources ———————————————- Intro to the Myers-Briggs personality test In order to master… Read More »