moneyFYI
Financial Freedom Is Merely Organized Common Sense
Category: Decision Making
Buying A Used Car
There are two clear ways to go about solving the car ownership format question. New or used. Each has its own cost structure. Consider the total cost of ownership either by year or by the mile. Total cost of ownership includes the capital consumed… Continue Reading “Buying A Used Car”
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What If Stupid Hurt?
Why do people put off the decision to own life insurance? Pretty simple really. There is a cost but no benefit to the present self and a benefit for the future self that cannot be enjoyed by the present self. In these situations the… Continue Reading “What If Stupid Hurt?”
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More On Decisions
All decisions include an element of risk. That is why some people have trouble with them. Even people who deal with the risk part effectively and presumably make “better” decisions are sometimes wrong to do it the way they do. For the weak decision… Continue Reading “More On Decisions”
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How Important Is Innovation
I recently saw a cleverly designed GIF that claimed that innovation turns dreams into reality. If the medium is the message then some will take this message seriously. Anyone who has done any planning knows that it is not true. Dreams turn into reality… Continue Reading “How Important Is Innovation”
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Value Added Means Something
There is an easy way to make your life harder. It is so easy that it can be done accidentally. The way you do it is to take responsibility for, or to claim credit for, things that are not within your control. Chris Reynolds,… Continue Reading “Value Added Means Something”
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It Is Time To Think About Your 2014 Budget.
Benjamin Franklin understood the purpose of budgeting. Focus on the important, but notice the trivia. “Beware of little expenses; a small leak will sink a great ship.” Budgeting is like packing the car for a long trip. Some things need to go in the… Continue Reading “It Is Time To Think About Your 2014 Budget.”
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Is Participating In Sports Valuable?
Recent problems in the NFL have started people to talking about the value of football in particular and of sports in general. Do you believe you should involve yourself and your children in sports of any kind? In North America, the answer is clearly… Continue Reading “Is Participating In Sports Valuable?”
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Too Small To Fail
Wise man and wise guy do not mean the same thing. Similarly, too big to fail has a specific meaning and it is not merely scale different from too small to fail. When selecting goals, choosing tactics and implementing your choices you need to… Continue Reading “Too Small To Fail”
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Desenrascanço
Assuming you are not Portuguese, you probably do not know this word. There is no precise translation into English because it expresses an idea as opposed to something simple. The closest English equivalent is MacGyver. For those of us who remember the TV series… Continue Reading “Desenrascanço”
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Decisions, Decisions
What are the ingredients for a good decision? How does someone combine them? I suppose we would need to know what a good decision is before going further. Perhaps it is durable, or immediately solves a problem, or makes money, or achieves support from… Continue Reading “Decisions, Decisions”
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