The Heavy Cost of False Signaling
I have previously admitted my affinity for the field of academic economics. Not that I’m a scholar in the field—far from it—but whenever I encounter a concept or principle in economics I am usually...
I have previously admitted my affinity for the field of academic economics. Not that I’m a scholar in the field—far from it—but whenever I encounter a concept or principle in economics I am usually...
It’s a Thursday night and I’m helping the two youngest of my three girls get ready for bed. They are mostly on auto-pilot at this point—these two are 10 and 7—so I’m able to...
By now just about everyone knows about the Joneses. That prototype consumer family that we are told that we shouldn’t try to keep up with in our consumption habits. Everyone seems to have this...
I’ve noticed a recurring and troublesome phenomenon in my peer group in particular and throughout our culture at large. People seem to be confusing and conflating the concept of labeling something—a fact, a policy,...
We’ve been talking a lot lately about the relative importance of financial behaviors as compared to other factors such as investment returns. I have advanced the idea that saving copious amounts of money is...
A pervasive theme here at Trapped in Work is that behaviors and psychology matter more than your skills as a savvy investor. With that thesis in mind, I’ve endeavored to put together a list...
Some days are better than others. A whole bunch of factors go into determining whether any particular day is good, bad, or exceptional, but there is one constant variable for me: whether I get...
One of my primary objectives for this blog is to assist in the enlightenment of people at all income levels—but especially at high income levels—that they can pursue a different financial-life path. One that...
I have been accused at times of worrying too much about money. And my retort is always the same: I do’t worry about money at all. But I do spend time carefully managing it,...
It’s late summer 1996 and I’m playing pool with some college buddies that are also home for the summer break. We’re all about 21 years old, and very comfortable in our upper-middle-class lifestyle fueled...
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