Tag Archive: Money

Sep 01

Case Study: A Military Doctor Can Retire Early. Should He?

  Every now and then people email me and ask me for advice. Many of them are physicians who relate to my story and have thoughts of early retirement or some alternative plan other than “work until 65 and either die or golf every day”. I don’t really have time to give a complete and …

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Aug 20

Stacking Functions

Everything we do has a cost in terms of time, money or energy. This concept of opportunity cost is an important one. The more efficiently we use our resources, the more we have available for other things. In this way efficiency is an important tool we use to increase our freedom.   I loosely define …

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Jun 17

That Time I Didn’t Buy the Shoes

  That Time I didn’t Buy the Shoes   I try to limit the amount of new things that come into my life. Blame it on minimalism, laziness, environmentalism, dementia or maybe a combination. This is a deep seated philosophy that has slowly developed over time, and as usual, it is based on happiness. It …

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Jun 03

Make Your Life Upgrade Proof

There are two ways of being happy: We may either diminish our wants or augment our means- either will do- the result is the same. But if you are wise, you will do both at the same time; and if you are very wise you will do both in such a way as to augment …

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May 14

The Value of Giving Your Stuff Away

Give your stuff away After sorting through our physical possessions and identifying the clutter, there is now the challenge of what to do with it. There are many ways to get rid of physical clutter from simply throwing it away to recycling it to selling it. I have done all of these things and they …

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Mar 30

Should a Medical Resident Rent or Buy a House?

Renting versus Buying a Home: The Happy Philosopher’s Experience   This has been a busy week for guest posts on other blogs. Earlier this week I wrote a post over on 1500days about how to be the happiest person in the room. Today’s blog post is published over at PhysicianonFIRE.com. It’s about the decision process …

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Mar 09

Understanding the Relationship Between Utility, Happiness and Cost

Utility, happiness and cost Today I want to introduce the concept of utility, and explore how it relates to the central theme of this blog: happiness. In my previous blog post on the marginal utility of money I proposed a money-happiness curve like this one. Generally as we spend additional money to become happier, there …

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Feb 22

You Don’t Have to Hate Your Job to Want Financial Independence

  Financial freedom for everyone Financial independence is not just for people that hate their jobs. It is for everyone. Creating freedom in your life may seem more urgent when you feel trapped by a job you hate, but it is still a noble goal for those deeply satisfied with their work.   Predictions are …

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Feb 16

The Difference Between Frugal and Cheap

  Cheap or Frugal? Many people confuse being frugal with being cheap. I certainly did for much of my life. They are not the same, and understanding the difference matters. I wish I knew the difference earlier in life, as I could have more efficiently optimized my happiness . I want to give you some …

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Oct 26

How Understanding the Marginal Utility of Money Will Make you Happier

  Money is a very interesting thing, and not as simple as it seems at first glance. I really didn’t understand it’s complexity until recently. We go to work and in return we receive money as payment.  We spend this money on stuff. This is as sophisticated as most people get. I thought of myself …

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