What risks do you face? What are the various types of insurance available to deal with those risks? Dealing with Risks Risks are part of our daily lives. Moderate physical risks include slipping in the bathroom. Emotional risks involve rejection, like when asking for a raise. We take one of two broad approaches to containing […]
Personal Finance – Risk Management Read More »
I’ve started adding prompts to use with chatbots. The prompts are designed to be simple and align with the project’s goals. Please find the starter set along with the rationale over at Simple Prompts. Subscribe to receive updates in your email:
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You may have noticed that there wasn’t any new content published in a while (months). Primary culprit is lack of time to focus on this project. It’s been a challenge to try and focus the broken fragments of time to serve the purposes of this project. When I started this project, I had a clear
Project Update: Change is Constant Read More »
Social Security is a welfare program in the USA. As with many things financial, it helps to understand the program in some detail to get the most out of it. When you finish reading, you should be able to determine when to start receiving your earned benefits in retirement. Important: I am only discussing retirement
Personal Finance — Understanding Social Security Income Read More »
Our recent discussion of Riches and Wealth was anchored by a discussion of Maslow’s hierarchy of needs. A parallel model from ancient eastern spiritual traditions is the Kundalini Chakras. It models the spiritual progression starting from basic human needs and culminating in self-realization. Maslow’s model is set in a secular, psychological blueprint for understanding human
Kundalini Chakras Compared with Maslow’s Model Read More »
Image courtesy of Wikimedia Commons Sailko, CC BY 3.0 We often hear “rich” and “wealthy”. They are related but different. Let’s explore being rich versus wealthy. Being Rich Being rich means having a lot of money to spend right now. It is often associated with a lavish lifestyle and buying expensive things. However, being rich
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Understanding the concepts of credit, debt, and growth is crucial to grasping how modern economies function. That in turn gives you the bigger picture context you need to manage your finances. Although this post focuses on the US financial system, these concepts apply to all modern global financial systems. Let’s start with this video (first
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Albert Einstein famously referred to compounding as the eighth wonder of the world. He should know, because his career was a great example of the power of compounding. His journey wasn’t a single leap to fame but a series of incremental successes and learnings that compounded over time. The concept of compounding isn’t limited to
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When discussing currency and money, we didn’t treat gold and bitcoin as either. Some people believe gold and bitcoin are money. We do not. Government Treatment of Gold and Bitcoin The United State government treats gold as investment property or collectibles depending on how it is held. It considers Bitcoin as investment property. The United
Are Gold and Bitcoin Money? Read More »
Money and currency are often used interchangeably. But they are not the same. The primary difference is a modern currency doesn’t have intrinsic value. A fiat currency’s worth is derived from government decree (fiat). Money, on the other hand, has some intrinsic value as it grows in value. We’ll start with a basic understanding of
Personal Finance – Currency and Money Read More »
