Seduced by Homo Fictus

Posted in: Cash Flow, Decisions, Financial Planning

We are addicted to stories. Stories are so fast they can outrun reality. Even in our sleep we tell ourselves stories....

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Skydiving

Posted in: Decisions

You don’t need a parachute to skydive; you only need a parachute if you plan to skydive twice. Likewise, you...

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Gravel Roads and Beer

Posted in: Decisions, Financial Planning

Particularly peaceful about my recent trip to South Dakota was the absence of modernity. It felt like I stepped back...

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Intelligent Error

Posted in: Decisions, Financial Planning, Risk

There are distinctive patterns in the errors people make. The reasons for this are many. Daniel Kahneman in his...

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Final Financial Physics Video Blog

Posted in: Decisions, Financial Planning, Risk

Walking a highwire without a net is impressive, but not necesarrily smart. Establishing a financial safety net is smart...

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Financial Physics Video Blog #3

Posted in: Decisions, Financial Planning, Investment

Would you invest in the pay phone today? I hope not. All great investment ideas have a shelf life. Watch video as Rusty...

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Financial Physics Video Blog #2

Posted in: Cash Flow, Financial Planning

The second law of financial physics — Never pay fixed bills with variable money. Watch video as Rusty...

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Our very first video blog!

Posted in: Cash Flow, Decisions, Financial Planning

I still love the power of the written word but some concepts are hard to explain in 2 paragraphs. Fortunately, video...

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Shooting a Fly with a Shotgun

Posted in: Decisions, Financial Planning, Investment, Risk

Once success happens you can no longer say, “I will continue my life now as it was before.” Tennessee Williams in...

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The Perpetual Income Stream

Posted in: Cash Flow, Decisions, Financial Planning

As a child, each of us had dreams of who we wanted to be and what we wanted to accomplish. As we mature, we begin to...

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The Finish Line

Posted in: Decisions, Frustration

None of us are so talented that we don’t need help. Maybe that’s why the below video tugs on me so. Click to watch....

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Money Management In One Lesson

Posted in: Financial Planning, Investment

In the classic book, Economics in One Lesson, Henry Hazlitt argues a lucid point. In the absence of strong voices bold...

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Financial Physics – Part IV

Posted in: Decisions, Financial Planning, Risk

The Safety Net As mentioned in Part III, either we reinvent old ideas (Madonna) or come up with brand new ones. Either...

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Financial Physics – Part III

Posted in: Cash Flow, Decisions, Financial Planning

15% profitability is your breakeven Why do businesses need a profit? To stay in business! Profits are used to expand,...

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Financial Physics – Part II

Posted in: Cash Flow, Financial Planning, Risk

Never pay fixed bills with variable money In the second law of financial physics, we move our discussion to the...

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