The result of decades of propaganda

...is this: "About 84% of the respondents...said owning makes more sense than renting, consistent with earlier surveys." The push for Americans to own real estate has been so systematic, so deeply embedded, so endorsed (by multiple presidents and the duplicitous NAR) that no matter what counter-evidence is presented, a majority of Americans will always believe real estate is the ...

Let’s get serious: Wealthy people are not evil

I read this line over at Trent's blog, The Simple Dollar, where he was talking about people who can afford nice things. ”To get to this point, you either had to make some tremendous sacrifices along the way – often damaging relationships and missing out on life-affirming experiences and going through painful “salad years” without much at all – or simply have ...

How to strategically evoke cognitive dissonance

If you complain about Wall Street's fat-cat greed, can you tell me what fees you're paying on your investment funds? If you complain about taxes, which tax-advantaged accounts do you use? If you think that other people "waste" money on $200 jeans, $400 shoes, or $600 phones, what would you say if I told you that with a 10-minute review ...

Why you’ll probably fail your New Year’s resolution

The most common New Year's resolutions deal with health & fitness, money, career, relationships, and travel. Sorry to be blunt, but if you're not making steady progress at your top resolution right now -- September 6th -- you haven't set up systems to maintain ongoing accountability, and chances are you'll fail again in January. On the other hand, if you're systematically ...

My Free Insider's Kit will show you how to earn more money

Why personal finance “experts” continue giving worthless advice

Today, I'll share a behavioral-change technique that's helped me create a New York Times best-selling book, a blog that's been read by millions of people, and a course on earning money that has helped my students earn hundreds of thousands of dollars on the side. In 1954, researchers Hastorf and Cantril published a seminal study in The Journal of Abnormal ...

Rebalancing & asset allocation: critical for investing. So why don’t you do it?

As you know, I love mocking people who believe that we are "rational" and "logical." These tend to be economists, engineers, and other people who are clueless about human behavior. One of the best ways to reveal the difference between what rational people "should" do and what real people actually do is to talk about rebalancing and asset allocation. Today, ...