The Daily Meaning
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A Different Kind of Freedom
There's a different kind of freedom we don't often talk about: contentment. While most of the aforementioned freedoms come from having more, contentment is a freedom born from wanting less.
Eating Humble Pie
I applaud my buddy's willingness to admit that he's just as susceptible to these behavioral science forces as any of us. He's a smart dude, by the way. He's tremendously successful in many ways, and I hold him in high esteem.
Ask the Person In the Mirror
I have a question for you today. It's a profound one, so you might want to sit down. I think it gets to the heart of the materialism that lives inside us. We all have some, whether we want to admit it or not. Here's the question: If nobody could see that you own x possession, would you still want to buy it?
Blinded by Bias
"What do you mean it's terrible, Cole? You're the one who made it! Why would you make cover art that you think is terrible?"
Financial Non-Financial Financial Decisions
This begs the question. If something is a terrible financial decision, is it, by definition, a bad decision? Conventional wisdom says yes. If, as a family or business, we make a decision that knowingly hurts the bottom line, we collectively view that as a bad decision.
70,000 Steps vs. 1 Excuse
Something powerful happens to us when we remove excuses. If we take the excuses off the table and tell ourselves that there is no other way but through it, it's amazing what we can accomplish.
Sunk Costs: QB Edition
Social media was abuzz yesterday after news that Vikings quarterback J.J. McCarthy was traded to the New York Giants. Some loved it, some hated it, and some were flat-out confused. The most prevalent narrative I heard, though, was this: Why would the Vikings trade a 10th overall pick (the spot McCarthy was originally selected) for a 5th-round draft pick?
Rules and Exceptions
Exceptions can be good things, but not everything can be an exception. Exceptions are where people often come off the rails.
The Hamsters Are Getting Tired
You know what the problem with more is? Every time we get more, more is still, well, more.
Replacing One Stressor With Another
We feel a margin that we haven't felt in a while. One would think this would be the perfect time to harness said margin for the greater good of our family, right? Wrong!
Cost After the Cost
After driving that car into my second year of college, I replaced it with a pretty amazing Acura Integra. Black, sleek, stick shift, bangin' rims. To this day, it's my favorite car I've ever driven. I still think about that car. I drove it into my late 20s.
Understanding the Rules
"You expect kids who aren't even old enough to get a job to save tens of thousands of dollars for a car? Most adults aren't able to save for a car."
Or another:
"I think you lost the plot. Between sports and activities, kids don't have time to work. Sports and activities are their work."
Who’s the Old Guy With the Green Face?
The morning quickly derailed from the status quo. I opened my web browser and saw that the headline I'd seen at the library wasn't just odd; it was the beginning of what would become one of the greatest tragedies I'd ever experience. The day was 9/11/2001.
The $1,500 Haircut
This is the story of a $1,500 haircut. A friend of a friend loves getting her hair done. Cut, color, extensions - at a high-end salon - for the low, low price of $1,500. To me (and probably you), this is a staggering amount to spend on a haircut. Why would anyone do something like this? "Well, I can afford it, so why not?"
Chess vs. Checkers
He thought he won, but he was playing checkers while the dealership was playing chess. The salesperson knew which buttons to push, and thoroughly pushed them.
Numbing the Pain Sensors
"There's no scenario where I would spend $35,000 of cash on a vehicle. That's why I want to finance it."
Ignorance Is Not, In Fact, Bliss
He's not dumb. He's not a liar. He's not bad at math. He's not trying to pull my leg. This is how we humans mentally accrue math that spans several smaller numbers. We grossly miscalculate the cumulative impact of a string of decisions.
Know Thyself
And for the last 1,400 days, I know this button as the source of much heartache. With a simple click, I could unearth the names of those three people who no longer value this blog enough to receive it each day.
Not Weird At All
We must take the terrible with the great if we want the good. That's the secret to investing.
An Experiment In Leisure
I often write about my qualms with our cultural obsession with retirement. Specifically, our collective pursuit of a life of leisure. In theory, this is the secret to happiness and satiation, but in reality, it's just empty calories.