2024Q4 Random Thoughts

The Short Spiral, How to Use Critical Thinking To Avoid Budget Course Scams, How Little You Matter To Your W2, Unit Bias & Round Number Bias

It has been a very good Q4.

Hopefully you had exposure to crypto with the recent pump. Stocks are still going strong, but choppy. And interest rates aren’t back in the basement.

If you have been following along, you should be in a better place now than in the past.

• If you had low interest rate fixed debt, you put it on cruise control and took that money to invest

  • Jan2021 mortgage rates bottomed and many of us bottom ticked it. Meanwhile the SP500 is up 50%+, Nasdaq has almost doubled, and BTC has 3x from ~$30k. If you really want to pay down your cheap mortgage, you now have significantly more money to do so

• The market has been choppy giving a lot of opportunity to use the Best Investment Strategy and collect some nice premiums

• You automated your finances with the budget system so every month you not only have more free time, but have all your money going to where you want it

This week is a good week for a lot of the random miscellaneous topics that pop-up that are important but don’t merit a full 3k word post. Many of these ideas come from conversations in real life or on the bird app.

2024Q4’s post will cover:

• Short spiral

• Using critical thing to avoid the budgetoooor scam

• Another example of your W2 not being your family, and

• Unit Bias & Round Number Bias and how to avoid them

There is a lot to cover, so let’s dive in.