A blog about college, investing, cooking, psychology, saving money and general life concepts.
Why do we hold onto things we don’t need? Why do some people refuse to part with old, worn-out items, and why do others struggle to invest their money, even when they have enough? The answer lies in the Endowment Effect, a cognitive bias that causes us to overvalue what we own simply because it... Continue Reading →
How does childhood scarcity impact decision-making in adulthood? This question has been at the center of research in psychology, behavioral economics, and sociology. When individuals grow up in an environment where basic needs, food, shelter, financial security, are uncertain, it shapes their cognitive processes, financial habits, and long-term planning abilities. This phenomenon, known as the... Continue Reading →
Introduction: The Importance of Estate Planning Ever wondered what happens when a millionaire dies without an estate plan? Well, Lewis Zagor, a Wall Street investor who amassed an $18 million fortune, became a real-life example of what can go wrong when you don’t plan for the future. Despite his enormous wealth, Zagor's life and finances... Continue Reading →
Ever wonder how some investors seem to make brilliant decisions while others constantly fall short? It might not be about luck, they’re likely using mental models to guide their thinking. Charlie Munger, one of the most revered investors of our time, firmly believed in the power of mental models, and his decision-making framework helped him... Continue Reading →
Warren Buffett, the "Oracle of Omaha," is often seen as one of the greatest investors of all time. But how did he build such a colossal fortune? The answer lies in a combination of patience, understanding the time value of money, and making smart investments that compound over decades. In this article, we’ll break down:... Continue Reading →
Do you ever wonder how some people seem to accumulate wealth effortlessly while others are stuck in the same financial position for years? The answer might just lie in understanding the Time Value of Money (TVM) and the power of compound interest. Whether you're just starting out in your career, juggling school and part-time jobs,... Continue Reading →
What is the World Market? Have you ever thought about how the stuff we buy every day gets to us? From the phone in your hand to the coffee in your cup, most of the products we use are made in different parts of the world. Welcome to the World Market, a vast system where... Continue Reading →
What is the Consumer Price Index (CPI)? Let’s say you’ve been keeping track of the prices at your local grocery store. A loaf of bread was $2 a few months ago, but now it costs $2.50. You start wondering: Is this just my store, or is this happening everywhere? Well, the Consumer Price Index (CPI)... Continue Reading →
Why Should You Care About Consumer Theory? Ever noticed how your spending habits change when prices go up or when you start making more money? Maybe you used to get a fancy coffee every morning, but when prices went up, you switched to making coffee at home. Or maybe you got a raise and suddenly... Continue Reading →
Ever noticed how the prices of things we want can change, seemingly out of nowhere? One minute, an item you’ve been eyeing is at full price, and the next, it’s mysteriously on sale. Well, it’s not magic, it’s dynamic pricing. Online stores and apps track your every move to adjust prices and offer discounts based... Continue Reading →
The Broke College Student 