The Number 1 rule of economics is that people respond to incentives. The problem is that short term incentives are MUCH clearer than long term incentives. I am challenging myself to stop responding to short term incentives to the degree that I have been. Obamacare Incentives: For several years I …
Back in January I briefly thought about investing a few thousand dollars in Dogecoin as a flyer, just to see what would happen. Worst case scenario I lose $5,000, no big deal in the grand scheme of my long term financial life. I save roughly 40% of my income per …
I watched a Tiktok video the other day that stated this phrase and I can’t agree more. “To be successful, take massive imperfect action!” @jamari_sprueil If you wait until conditions are perfect you will NEVER DO IT. Done is better than perfect! #realestate #askmrd4d #learnontiktok ♬ original sound – Jamari …
Our brains are hardwired to protect us from things that scare us. On an evolutionary level this fight of flight instinct exists to keep us from dying. In the modern world we have to make decisions to move forward when in hunter gather days the same processes that would say …