Saving for Lilly’s College Education
Over the weekend, I happened to see this commercial by Quicken Loans. In the commercial, Lilly’s mom refinanced her home in order to reduce her mortgage payment by $312. The extra $312 per month saved by refinancing is going to be saved for Lilly’s college education. It’s not a bad idea, assuming Lilly’s mother didn’t…
Is a monthly salary a harmful addiction?
I’m sure you’ve heard of Nassim Taleb. He’s written several books including “Black Swan” and “Antifragile.” Back at the end of 2014, he apparently tweeted his resolutions for 2015. You can see the full list of resolutions here. His resolution listed as #9 is extremely interesting. This resolution is: “Use courage and wisdom, not labor,…
The Marshmallow Test
Back in the 1960s a study at Stanford University was completed with preschoolers. This study is now referred to as the “Marshmallow Test.” They presented the preschool children with two choices: ONE marshmallow they could eat immediately OR TWO marshmallows if they waited alone for 20 minutes Years after this study the research team…