Do You Know Why Moral Decisions Aren’t the Best?

Doors

Making decisions based on morals seems like the right thing to do. But doing so often makes us miss the unintended consequences and externalities we create. To improve your decision-making, think through all of the ramifications of your choice. Politicians and special interest groups often justify economic policies based on moral grounds. But, when our … Read more Do You Know Why Moral Decisions Aren’t the Best?

Survivorship Bias: Dropping Out of School Won’t Make You a Billionaire. I Don’t Care Who Did It.

We love stories of people who bucked conventional wisdom to achieve incredible success. But not accounting for the failures in these stories is an error that distorts our view of reality. So and so dropped out of high school and started a business while working a paper route. Everyone told our intrepid maverick that X … Read more Survivorship Bias: Dropping Out of School Won’t Make You a Billionaire. I Don’t Care Who Did It.

The Secret to Better Decision Making

The secret to better decison making

How many times have you made what seemed like a great decision only to later realize how wrong you were? Don’t lie. It’s happened to us all. It’s not that you’re stupid or a bad decision-maker. It’s that your brain is trying to simplify your information processing. These cognitive biases serve a purpose in our … Read more The Secret to Better Decision Making

Think Like a Millionaire with Secrets of the Millionaire Mind (book review)

Secrets of the Millionaire Mind

“It’s not enough to be in the right place at the right time. You have to be the right person in the right place at the right time.” – T. Harv Eker Unlike movies, I’m strict about what I look for in a good book. First, it must answer some immediate question or need. Second, … Read more Think Like a Millionaire with Secrets of the Millionaire Mind (book review)

What is a Logical Fallacy? Learn How to Spot Logic Errors.

Puzzle

Do you have a friend who accuses you of being okay with school shootings because you support gun rights? Or that you’re racist because you support immigration control. Don’t you want to dump a beer over that guy’s head? Don’t. Instead, shut him up by pointing out his logic errors. Then, leave him speechless with … Read more What is a Logical Fallacy? Learn How to Spot Logic Errors.

Why Reason is Important

Thought

“One of the painful signs of years of dumbed-down education is how many people are unable to make a coherent argument. They can vent their emotions, question other people’s motives, make bold assertions, repeat slogans — anything except reason.” -Thomas Sowell Why is reason important? Let me start with an example. In December 2018, a … Read more Why Reason is Important

My 5 Success Factors in Action

Keyboard

In my post The 5 Factors of Success (My Success Equation), I presented the 5 factors that I found critical to success. Rather than just present these factors as a list, I put them together in an equation to help me visualize how much weight each factor has in achieving my goal. The equation follows: … Read more My 5 Success Factors in Action

Why You Need to be Responsible for Your Own Success (My Rant About Why I Only Fly First Class)

Mountain top

“The best time to start taking responsibility for your own success was 10 years ago. The second-best time is right now.” [Click to Tweet this] In this article, I’m going to rant about why you are responsible for your own success. I’ll explain that success is freedom, and freedom comes from developing multiple, strong income … Read more Why You Need to be Responsible for Your Own Success (My Rant About Why I Only Fly First Class)

The 5 Factors of Success (My Success Equation)

Success Equation

In this article, I give a brief overview of how I developed my entrepreneur success factors. To help me visualize the 5 factors that I identified, I put them into what I call my Success Equation. I then provide a brief explanation of each of those success factors. Using these factors, I was able to … Read more The 5 Factors of Success (My Success Equation)