Are Your Neighbors Making You Poor?

In October 2016, a study was published with the title “Does Keeping Up with the Joneses Cause Financial Distress? Evidence from Lottery Winners and Neighboring Bankruptcies.”

I suppose that’s a relatively exciting name for an academic paper, but a bit underwhelming given how interesting the findings are.

The media went in the complete opposite direction. The study was covered in articles like “Why lottery winners make their neighbors go broke,” “Living Near a Lottery Winner Has A Surprising Downside,” and “Why You Might Go Bankrupt If Your Next-Door Neighbor Wins the Lottery.” Continue reading “Are Your Neighbors Making You Poor?”

You Have More Money Than You Think

When we focus on wealth inequality, we always focus on the people above us.

We think of Occupy Wall Street protesting outside of investment banks. We think of Bernie Sanders gesticulating wildly while telling us about millionaires and billionaires. We think of Mitt Romney and friends with money coming out of their suits.

How we view the 1%.
How we view the 1%.

Continue reading “You Have More Money Than You Think”

Defeating Decision Fatigue in a World of Choices

We live in a world where decisions abound. We have a plethora of options when it comes to just about everything. The alarm goes off and we decide whether to get up or hit the snooze button. We decide what to eat for breakfast. We decide which shampoo and soap and toothpaste to use. We decide which clothes to wear. We decide what method of transportation to use to get to work. We decide which route to take.

And that’s all before getting to our desk on a simple morning. Continue reading “Defeating Decision Fatigue in a World of Choices”

Social Media is a Lie

Today we have a story, a lesson, and a plea.

The Story

I live in an apartment building with a roof deck. Our roof has a clear view to the horizon in the west.

Because of this, on many evenings I will grab a book or a podcast (or nothing at all) and sit on the roof to take in the sunset.

The sunset from our roof, as captured by my lovely and talented wife.
The sunset from our roof, as captured by my lovely and talented wife.

Continue reading “Social Media is a Lie”