When it comes to New Year resolutions, so many people fail at keeping them that it’s a surprise that anyone still bothers to make them in the first place. According to research, 80% of people give up on their New Year resolutions by February.
Last Friday was a long day for me. The first Zoom call of the day started at 7 am, courtesy of a demanding continental client with a penchant for early starts. A year ago, my secretary would have punted the meeting by a couple of weeks, with the convenient excuse of flights and conflicting meetings …
Almost twelve years ago to the day, it felt like the world was on the verge of collapsing. Venerable financial institutions have gone bankrupt, while others were teetering on the brink. Real estate values plunged in an unprecedented way, leaving millions of overleveraged homeowners on the street. Having taken heavy losses, investors with secondary/tertiary exposure …
A while ago, one of my Twitter followers sent me the following message: “Hey Banker, any chance you can do a post about your business? I am at the start of my career (early 20s) and entrepreneurship seems enticing, both for the potential to make money for yourself and the doors it can open into …
In any journey, the half-way mark is always an interesting – and symbolic milestone. Even more so this year as we navigate our way through a tumultuous 2020. Not that long ago, we were busy writing up our New Year’s resolutions. Those Australian wildfires were going to be THE story of the year. Next thing …
One of the biggest obstacles we face on the path to success is the concept of time frames. As a species, humans are just so damn impatient. Genetics plays a big role here. Put simply, delaying gratification was never the utility-maximizing strategy. For thousands of years, scarcity of resources, non-existent property rights, and high mortality …
Solving for the best way to reach financial independence can be a frustrating exercise. Inevitably, it involves making some hard decisions about your current lifestyle and spending habits. And while the good life is certainly there for the taking, it sure feels like it’s far, far away. As anyone who has ever run the spreadsheet …
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In a way, aspiring to financial independence is all about comfort. Forgetting what the jam-packed commute feels like. Never having to deal with workplace politics again. Leaving all the money worries behind and spending the rest of your days in a state of pure bliss and relaxation. Ain’t gonna miss this part of the day …
