Money Psychology
I know what you’re thinking: Madam, you’d better not tell me I’ve been wasting away hours of my life reading and consuming your opinions for you to tell me that it was all bollocks. (Yes, in this hypothetical, you’re British.) But if you exist in the physical realm, you’ve probably noticed something: We don’t live […]
I live with an interesting cognitive dissonance as a personal finance content creator: On one hand, I’ve always believed knowledge is power. I don’t buy that people are “bad with money” and actively choose to behave in a way that’s disadvantageous to them, and generally speaking, I believe when people know better, they do better. […]
In 2021, Vanguard—the second-largest investment firm in the world, trailing only behind BlackRock—saw inflows of roughly $1B per day. Overall, they’ve got $7.5 trillion under management. That’s a fancy way of saying that a shit ton of people stick their money in Vanguard. When we see major firms like this, it’s easy to forget that […]
That title feels ominous, huh? The other day, I was mulling over the Traditional vs. Roth debate (#JustKatieThings) again because I was running some projections that showed someone who invested really wisely in a Roth IRA at age 22 could easily 15x their money over 40 years, making the tax liability they originally paid minuscule […]