Remember this term: Horizontal Apartments. That’s what some real estate developers are calling clusters of single-family homes in rental communities that combine the privacy of individual residences with professional property management to take care of repairs, yard maintenance and more.
An underlying assumption in much commentary about personal finance is that most people are terrible with money. Financially illiterate, manipulated by marketing, distracted by present concerns, and guided by emotions, the masses repeatedly make stupid financial decisions.
You’ve probably heard the phase, “When all you have is a hammer, everything looks like a nail,” attributed to the psychologist Abraham Maslow. It concisely explains the idea of “professional deformation,” the tendency to view all aspects of life from the point of view of one’s professional expertise.
The price of any insurance is correlated to the likelihood of an incident, and how much it will cost to restore or replace the loss; higher premiums (relative to the object or event insured) reflect the greater likelihood of a claim. For smartphones, there are two distinct losses, the device and the data stored in it.
“Teaching Kids about Money” is a regular personal finance topic. Articles usually include discussions about setting allowances, developing good saving and spending habits, explaining how compounding works, etc. Giving your kids knowledge and experience with these items is certainly worthwhile. But a lot of it truly is “kid’s stuff” from a financial perspective. The “adult world” of personal finance is a lot more nuanced and complex.
When it comes to assessing your relationship with the professionals that provide input and products for your financial transactions, one of the things you might want to evaluate is how well these people can explain the reasons not to do something, especially the things that they most often recommend or support.