Whether you’re single or in relationship, the financial grass may look greener from the other side. In this article, I examine the tradeoffs of both scenarios. Tl;dr? Singles shouldn’t feel too bad, and couples shouldn’t feel too smug.
I never felt more single than in Argentina, 2017. “There will be wine,” they said. “You will be the only single guy on these wine tours,” they didn’t say. I should’ve known that Mendoza would be rife with couples.
“Happiness is only real when shared.”
There’s already the stress of being single. Is it also more expensive being single? …
Skeptics compare Bitcoin to fiat currency, often pointing to price and volatility. The real story is that cryptocurrencies are not a replacement for the dollar, but a part of an alternative financial system.
In 2016, I bought $1000 worth of Bitcoin after my roommate introduced me to the world of cryptocurrencies. He dropped the words blockchain, permissionless and distributed ledger like it was French class. I didn’t get it, but I wanted in on the action.
The Barbell Method of Investing suggests that investors can prevent losses by being extremely safe with most of their assets, while being extremely risky with an inconsequential amount of money. Applied generally, it is a way to aggressively protect the downside while being exposed to the upside.
For $1, I get a chance **at a life-changing amount of money. …
You’re reading the Medium version of Oz’s blog. Get on the newsletter for weekly insights on psychology + money.
Let me ask you a simple question.
How much money do you make?
If you just vomited mildly, I understand. 🤑
My friend’s comment encapsulates the discomfort of money conversations:
If I talk about money I’m either boasting or feeling insecure and there doesn’t feel like a middle ground. It feels like I’m being judged or on the flip side that I’m judging others. Why do I feel that way?!
The stock market went crazy in 2020 after March’s coronavirus dip — and it’s still remaining high. This makes it especially tempting for investors to jump on the next hot stock.
Having experienced this myself, I call this Shiny Stock Syndrome, and write about a counterintuitive (at least to me) way to deal.
Last year I wrote about New Year’s Resolution Syndrome and talked about choosing goals that give you energy, instead of zapping your spirit with endless obligations.
This year I’m continuing with what gives me energy: writing consistently. After 30 days of writing, I discovered that I can write more than I thought I could.
In this newsletter I’ll cover trends I see going into 2021, a review my favorite vs reader favorite articles, writing goals and more.
You’re reading my newsletter about the weird aspects of money. If you missed a week, you can check out the archives here. The Weird Psychology of Gift Giving 🎁
Some people’s love language is words of affirmation.
Some people’s love language is giving and receiving gifts.
Hint: Mine is not the latter.
If you hate the dance of giving and receiving gifts, I wrote this article for you:
Tl;dr most of us should ask for what we want, or we’re giving, we should try asking people what they want. Research shows that this is the best approach for most people…
Read why here: The Dark Side of Credit Card Rewards
Tl;dr lucrative rewards are built on mountains of credit card debt. I talk about how fragile this game is, and examples of why average consumers don’t reap the full value of their rewards. (It’s not all depressing, I end with some tips).
I’m considering putting a guide on how to maximize credit card rewards while avoiding the main pitfalls. If you’re interested a short and sweet guide, hit “reply” or Tweet at me.
Recently, I’ve built conviction that retail investors stand a chance against Wall Street. With focus and enough…
I finally wrote an article about something that’s been on my mind — homelessness.
Growing up in LA, I became accustomed to seeing people living on the streets. One of the social interactions I never figured out waswhether or not to give out money, and if so, how much.
You can read my exploration of the problem here:
These are the rules I arrived at:
Between sophomore to junior year of college, I had the scariest season of my life. The summer that I had nonstop sleep paralysis. Story time…
Paranormal Activity had just come out (you could date me that way) and that movie fucking terrified me. I thought it was a solid scary movie.
At that time I was moving into an apartment with my college roommates, but I was the first one there because I was taking summer courses and they weren’t back from summer break yet. …