A calm publication on personal finance: saving, investing, debt, budgeting and financial freedom. Useful, timeless ideas to make better decisions with your money.
Programmes to take your money from chaos to control, step by step.
The ideas I'm exploring this week.
Keeping things as they are is almost never a neutral choice: it's a decision with a cost. Here's how the bias works that keeps us tied to the fee, the policy, or the portfolio we already have.
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We believe things will turn out better for us than for the average person. That optimism, useful in many parts of life, is one of the reasons we save too little, underinsure ourselves, and take on more debt than we should.
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Turning your home into a monthly income without selling it or moving out sounds like the perfect retirement solution. The reality has more nuance than the advertising shows.
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Earning your salary and building up shares in the same company feels like a sign of commitment. Financially, it's one of the most dangerous and least monitored forms of risk concentration.
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The listing price is never the final price. Between taxes, notary, land registry, and paperwork, buying a home costs 10% to 15% more than the sticker suggests.
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The worst-performing funds disappear from the statistics before you ever see them. The result: the average return you're shown is always better than the real one.
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Most taxpayers discover they owe it once it is already too late to act. Here is how the tax works, what its exempt minimums are, and what you can legally do to lower the bill.
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A 3% raise with 5% inflation is, in practice, a pay cut. Most people celebrate it anyway, because the brain processes numbers before it processes purchasing power.
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A one-percentage-point fee looks negligible every single year, but compounded over decades it can cost you a substantial share of your final wealth.
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Two ways of stating the exact same information can lead you to opposite decisions. The framing effect explains why the language of money is never neutral.
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