Monthly Archives: November 2016

Knowing When to Take a Loss

The Sunk Cost Trap We all try to make rational decisions based on the future value of objects, investments and experiences. But the truth is that our decisions can sometimes be tainted by the emotional investments we have put into them over time. The more we are invested in something, the harder it becomes to abandon it. This is known… Read More »

Why It’s Useful to Compare Personal Finances

Comparing Finances Money is like a lot like religion or politics; everyone has a passionate opinion about their own personal finances, but it’s not always easy to talk openly about it without social consequences. For example, the company I work for discourages open discussions about compensation and benefits. This makes sense from a corporate point of view because of… Read More »

How a Donald Trump Presidency will Affect your Finances

What Canadians Need to Know About America’s Next President People from all around the world were anxious going into the 2016 U.S. presidential election. Sometimes it felt like the two frontrunners were throwing more shade at each other than discussing real issues that actually matter. Some pundits warned that if Donald Trump becomes the next president, there will be hell toupee. 😄 In the end,… Read More »