A blog about college, investing, cooking, psychology, saving money and general life concepts.
Ever noticed how our financial decisions can be swayed by the environment we’re in, the biases we don’t even know we have, and the information (or lack of it) that shapes what we do with our money? That’s exactly what Trading Places dives into. While Eddie Murphy and Dan Aykroyd’s antics provide laughs, the movie... Continue Reading →
Being broke in college isn’t just about having no money, it’s about navigating a system that often feels designed to keep you struggling. But what if I told you that economic theories, yes, the same ones that explain how nations grow, can also explain how an individual climbs out of poverty? The truth is, escaping... Continue Reading →
If economic growth depended only on saving money and investing in infrastructure, then every country that built more roads and factories would thrive indefinitely. But we know that’s not the case. Some economies continue to grow even after reaching high levels of development, while others struggle despite massive investments. Why? This is where Endogenous Growth... Continue Reading →
Economic growth isn’t just about saving money and investing it in factories or infrastructure. If that were the case, every country that poured money into construction projects would become an economic superpower. But that’s not what happens. Some economies keep growing while others hit a wall. Why? That’s where Solow’s Growth Theory comes in. The... Continue Reading →
Economic growth is like trying to ride a bike, you need the right balance of investment and savings to keep moving forward. The Harrod-Domar Growth Model is one of the earliest attempts to explain what makes economies grow and why they sometimes struggle. Developed in the 1930s and 1940s, this theory highlights two key factors:... Continue Reading →
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 →
