Tag: saving

I Hate Saving!


Saving is both necessary and difficult. There are ways to make it easier.

Capital Accumulation Is Difficult


In the beginning, most of us have trouble saving money. It requires judgements about the use of money and about time. In particular, the present versus the future. How we assess the value of a future benefit is crucial to this judgement. If we… Continue Reading “Capital Accumulation Is Difficult”

Savings Rate Matters


It’s just arithmetic, but it is still difficult.

Saving Is The Key


You cannot save your way to great wealth

How Accumulating Money Works


Save at least a little

What Do You Mean, You Can’t Save? 


balance saving, spending, taxes and debt

Please Bring A DNA Sample To Your Next Financial Planning Meeting


Financial planners may someday want a client’s DNA sample before proceeding. I found this article in The Atlantic.  The Willpower Gene  Its thesis is that the ability to save may have a significant genetic component.  If so, would a financial advisor not be well… Continue Reading “Please Bring A DNA Sample To Your Next Financial Planning Meeting”

To Save Effectively, Think About Time Differently


Our future self is frequently unhappy about the things that our present self is doing. Can we avoid this conflict? We know that happens because our present self sometimes is unhappy with the things our past self accomplished. Intellectually we can decide to save… Continue Reading “To Save Effectively, Think About Time Differently”

Distant Elephants


If humans are offered two similar rewards, they will usually choose the one that comes soonest.  If they have to wait, they will want a little more. We know, or at least psychologists and economists know, how that happens.  Future events are “discounted” to… Continue Reading “Distant Elephants”

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