Time preference refers to the ratio at which individuals value the present compared to the future, and is positive for all humans as there is always a discount on the future compared to the present. …
Beyond addiction 🚬
From our early childhood we develop an automatic thinking and behavior pattern with a negative judgment about ourselves. Luckily, these patterns can be broken when we learn to see through them. As …
Pay yourself first 💵
The first step to escape the hamster wheel and reach financial independence is to get your income targets clear. The right target might be a factor 5 more than you would expect. I thought I was …
Weekends are bad load balancers ⚖️
A calendar with five eight-hour working days and two days of weekend has its origins in the Industrial Revolution, when production in large factories transformed working life. 200 years later our …
Society’s housing propaganda 🏘
Living in the house you own is the script society tells you. But it often doesn't make sense. Still, people seem to think they totally made it when they finally buy their first house. Home ownership …
Higher standards 🏆
My peers sometimes tell me that I'm obsessed with the things I'm doing, like if that's something bad. Actually, I think obsession is required if you really want to achieve your goals. It's …