Category Archives: Money

Opportunity Cost

How much does it cost to help your friend move on a Saturday?  What if you had planned to take your son to a ballgame?  What if you had planned to work overtime? There’s a cost to everything you do, … Continue reading

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Link Dump

How do good hotels stay always feel so fresh and clean?  Lots and lots of manpower. How the cast of friends banded together to leverage their per episode salaries into seven figures.  Great negotiating story.  Ctrl+F “breakout”. 7 Useless Money-Saving … Continue reading

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Lazy, Weak and Dumb

People overwhelmingly think they’re smarter, stronger, more industrious and better looking than they really are.  To some extent, this is healthy.  If most of us realized how ugly and dumb we really were, we’d have trouble leaving the house, landing … Continue reading

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Scammer’s Logic

Why do “Nigerian” scammers say they’re from Nigeria?  After all, if you were running a widely known scam, wouldn’t you vary the details so you had a better chance of fooling a wider audience? Probably not.  In an interesting paper … Continue reading

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Marriage and Economics

Some interesting statistics about money and marriage from The Economist: Marriage itself is “a wealth-generating institution”, according to Barbara Dafoe Whitehead and David Popenoe, who run the National Marriage Project at Rutgers University. Those who marry “till death do us … Continue reading

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If Money Doesn’t Make You Happy, You’re Not Spending It Right

This sentiment that money can’t buy happiness is lovely, popular, and almost certainly wrong: Money allows people to live longer and healthier lives, to buffer themselves against worry and harm, to have leisure time to spend with friends and family, and to control the … Continue reading

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Sleep on Concrete

Something Sebastian Marshall said to me a long while back has really stuck with me: sleep on concrete. Anyone who has travelled a lot has literally done this at least once.  Baggage handlers go on strike and the airport shuts … Continue reading

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Should I Go To Business School?

Generally, business school is a poor investment.  If you want to go to a top 20 school, you’re going to spend at least $100,000 and two years of your life (easily another $100,000 or $200,000 in lost earnings).  Realistically, your … Continue reading

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Make Yourself Redundant

There’s a lot of career advice out there that implores you to make yourself indispensable.  Taken the right way, this is clearly good advice.  But I’ve seen this misinterpreted any number of times.  Making yourself indispensable or irreplaceable in terms … Continue reading

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Failure Gives Perspective

That was the lowest moment I had yet encountered in my life. The phones in my office were even quiet, which had never happened before. In fact, I suddenly had a lot of quiet time to think, and I reviewed … Continue reading

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I Could Never Make $xx,xxx,xxx…

Only 1/10th of 1% of the people in the United States have a net worth of more than five million dollars ($5,000,000). Only 1/10th of 1%?  That’s 357,000 people!  That’s more than the population of New Orleans, or Honolulu, or Cincinnati. If you … Continue reading

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The Thank You Economy And Your Tribe

Louis C.K. continues to publicly prove the points championed by the likes of Seth Godin and Gary Vaynerchuk: build your own audience, connect with them, interact with them, let them in on the your secrets, and success will follow. And, … Continue reading

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Money Is Not Wealth

Imagine if you suddenly had the power to make anything you thought about appear in front of you.  *Juicy Steak*  Zap.  A sizzling, pink New York with a great crust on your kitchen table.  *Rolls Royce*  Boom.  Brand new Phantom … Continue reading

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If You Can Easily Describe What You Do, You’re Fucked

If you’re hanging out with the spouse of someone who is very successful, it’s hilarious to ask them what their spouse does.  Most of the time, they have no idea.  They’ll know what field he’s in, “uh… she works with … Continue reading

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How They Use Statistics To Scam You

I guarantee you I could pick 10 stocks that would outperform the market, each year, for the next 10 years.  How? The Dow Jones Industrial Average, or the S&P 500, or Nasdaq, are stock indexes.  A stock index is a … Continue reading

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