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It’s only money… 27 Aug 2013 | 10:40 am
One thing you will hear if you adopt an extreme savings program is the popular refrain “It’s only money”, “There are more important things than money”, etc. I agree with the last statement, but it is ...
The risk of stock market diversification 26 Aug 2013 | 10:10 am
Diversification is often hailed as a great safety feature of modern investment theory. It almost seems like the belief in diversification as the great portfolio has taken taken on the quality, or rath...
What is happening to the middle class 25 Aug 2013 | 10:01 am
Inspired by the forum discussion on the middle class lifestyle, I wanted to give my 50,000′ Century long view of where we are and where I think we’re heading based on past human behavior. Now, it see...
Zero-sum games 24 Aug 2013 | 09:36 am
Game theory is the mathematical description of the structure of strategic decisions when the choices of two agents directly influence the other. Much work has been dedicated towards finding optimal st...
Bloggers, collect your tips! 23 Aug 2013 | 09:27 am
After having using a tip-model for a while, I find that on average I tip 7-8 articles per day on a pretty consistent basis. This comes to a total of 35-40 cents per day or $10-12 bucks per month. I t...
Traveling around the world after ERE 22 Aug 2013 | 09:08 am
Save 75-80% for five years and then quit your work and do something else. I’m not the only, nor the first one to do this. I recently found a couple who also saved 75% for 5 years and now use their fi...
Marginal earnings, when working is no longer worth it 21 Aug 2013 | 08:52 am
Everybody ought to be familiar with the concept of marginal utility, which is the utility/use/satisfaction that adding one more unit brings. For example, suppose you like ice cream cones. Then the mar...
Wealth is not about the money 20 Aug 2013 | 08:37 am
In the past few weeks I have written a lot about about wealth and how I became financially independent (part I, part II, part III, part IV). One of my posts, Stranger in a Strange Land, elicited a res...
Guest post: Having my cake and eating it too 19 Aug 2013 | 08:19 am
This is a guest post from Ryan from Planting Dollars. Ryan currently lives in Honolulu while saving 50% of his income. If you are interested in contributing your own story or plans, see here. Currentl...
Frugality is not deprivation 18 Aug 2013 | 08:11 am
Frugality seems prevalently to be considered a form of deprivation. It is seen as something people resort to when they have no other choices. This is not how I see it. In my idiosyncratic world, which...