Tag: income
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Why some people stay poor on purpose
Some people choose to stay below middle-class income on purpose. The reasons are more rational, and more revealing about the system, than they first appear.
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Chasing money can backfire
Optimizing your career around income looks rational until the second-order effects show up. The data on high earners is stranger than you think.
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Most people don’t need a budget; they need a raise
The personal finance industry sells discipline when the real problem is income. For most households, optimization can’t close a gap that wages created.
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Annuities make sense for almost everyone and the FIRE community is wrong
The FIRE crowd treats annuities as predatory products to avoid. The retirement research community has spent 40 years showing the opposite is closer to true.