Although most relationships have an implicit contract, I started mine with an explicit one. Sitting on his parents’ beige living room couch, I outlined the terms, conditions, and termination clauses for our potential relationship — each requiring a direct response.
While that doesn’t sound romantic, I never claimed to be one. In fact, I can be a crippling pragmatist.
But, eight years later, our relationship is still strong. It makes me think my contract wasn’t such a bad idea after all. It set clear expectations from the start.
When we moved into our first apartment together, it was time to…
2021 started with a bang — first an insurrection, then an impeachment in tandem with a presidential inauguration, and now a financial market uprising!
Over the last week, GameStop stole headlines. This time last year, it was trading around $4 per share. Since then, the stock has skyrocketed to a high of $483!
When GameStop looked to be a sinking ship, hedge fund managers took a bet that the stock would continue to drop and began “shorting” the stock.
Shorting is when someone borrows a stock from a broker and then sells it for a period of time, betting the…
You are biased. Deeply and innately biased. Yes, you.
And me. Even the most moral person you can think of is biased. It comes with being human.
Reality is convoluted and complicated. It cannot be understood in black and white, so we apply moral structures and mental shortcuts (known as heuristics) to help streamline things. This creates dueling realities.
As Robert Evans once said,
“There are three sides to every story: your side, my side, and the truth. And no one is lying.”
Cognitive biases are the sneaky beneficiaries of our nuanced world. …
At long last, 2020 has come to an end. While it couldn’t come soon enough and was a year full of strain, loneliness, and loss for many, 2021 offers new hope.
It’s the time of year that New Year’s resolutions are in full swing. I can tell from the number of diet and fitness ads clogging up my Instagram feed. However, about 80% of such resolutions are dropped by mid-February. This is often because people don’t create SMART goals or design a system to achieve them. It’s like going on a road trip without a GPS.
“Goals are good for…
When I think of the holiday season, January through October, I think of holiday markets, family gatherings with mulled wine, and catching up with friends. But then, November comes, and the pressure starts to build.
These whimsical images are replaced by a ticking clock and a gnawing panic. What am I going to get people for gifts? Will it be enough? Will they like it?
This stress means I end up texting my family, asking what they want so that I am guaranteed a slam dunk. Foolproof right?
Over the years, it seems the lists I get back have…
If you haven’t heard it before, I’ll tell you now.
“The best time to start investing was yesterday. The second best time is today.”
That can be true, but it also can not be.
When I ask people why they invest, the most common response I get (if people are investing at all) is, “because that’s what people say I should do.”
Don’t make your financial decisions based on what other people are doing or say you should do. Know your personal financial obligations.
Are you maximizing your retirement account(s)? Is any high-interest debt paid off? Do you have sufficient…
The first time my partner and I fought about money was 5 years into our relationship.
You might think, “that’s pretty good,” considering money is one of the top issues couples fight about; but, I view it as that’s how long I was dishonest about my financial situation.
And when it was exposed, I felt like crap.
I hadn’t been honest about my savings to debt ratio. When I left the “wrong” screen up too long during a budget session, he looked over to check a mutual input and saw something I had never mentioned before.
This was awkward and…
With the election right around the corner, many people are talking about the impact of one administration or the other on the stock market and the economy. In some cases, they are referenced interchangeably.
Let’s get one thing straight — the stock market and the economy are not the same thing!
Although they have a dynamic relationship and are interconnected, they are more like ballroom dance partners than the Rockettes. They move independently of one another. When one is lifted high, the other may be dipping low, instead of stepping in matching, precision “eye-high-kicks.”
The economy is wealth made up…
Picking a health insurance plan is a bit like those choose-your-path children’s books. The hero(ine) comes to a fork in the road, and there is a sign describing each route. The first is brightly lit, well-paved, and marked “low deductible.” It promises less risk and a more direct path to your destination. The other path is foggy and winding. It is marked “high deductible” and offers a secret weapon that can only be harnessed if you choose that path.
What the hero chooses depends on their ability to take risks and know what tools they have to help along the…
MetLife’s 2019 study highlights that 1 in 3 people prefer to talk about their weight than employer-sponsored benefits should come as no surprise. For one, we live in a hyper body-conscious world that is busting at the seams with fat-shaming, targeted advertising campaigns, and unrealistic body ideals sculpted through photoshop and filters.
Second, understanding employee benefits are difficult and frustrating. I know because it’s my job. (And yes, I like my job, so I’ll let you decide if that makes me a masochist or not.) Benefits are expensive, confusing, and stressful. They are littered with jargon that is, at times…