Philosophy Archives - Page 3 of 15 - The Outlier Model

Panic Buying face masks Wastes Money (I keep Telling Myself)

Allen Francis / March 11th, 2020 / No Comments

Panic only makes tunnel vision narrower and emboldens irrational thinking. I am not preaching. Right now, I am seriously considering spending hundreds of dollars a month on medical and respirator face masks. Facts and reality alleviate panic and eliminates panic-buying regret (I don’t know why I need a face mask. As of this writing, over 110,000 people on Earth have COVID-19. In December 2019, only...

Posted in: Health, Money, Personal Finance, Philosophy, saving money, Saving Money Tagged with: coronavirus

I Should have made Small-Scale Investment Risks (in Myself) long ago

Allen Francis / March 2nd, 2020 / No Comments

Several years ago, I converted a small academic pension into a decade long annual annuity. I used to be a teacher and an academic adviser many years ago. So, I had a small pension that I could have looked forward to in old age. A mini-retirement nest egg. When I converted my pension into an annuity, the investment and pension company created a contract where I would receive an annual payment for a...

Posted in: Business, Career, Career and Work, Education, Money, Personal Finance, Philosophy Tagged with: business

Countries Where you can buy a Second Passport

Allen Francis / February 20th, 2020 / No Comments

One of my favorite plot tropes in action films is when the agent/spy/hero goes to a safe deposit box in a secure location, pulls out numerous documents, the currency of multiple countries, and plots their next move. I would always imagine that it was I who was shuffling multiple passports of various countries and contemplating my next move. Well, you can’t own a dozen passports like Jason Bourne...

Posted in: Business, Career, Career and Work, Life Hacks, Money, Personal Finance, Philosophy, Real Estate, Retirement, Travel Tagged with: passport

I Recognize Charity Scams now – Giving Blindly is like Burning $

Allen Francis / February 14th, 2020 / No Comments

Charity scams are always successful because people are always willing to give trust on demand, and ignore flaming warning signs, for causes they want to believe in. When I talk about charity or donation scams, this can refer to large scale charity corporations all the way down to street buskers yodeling off-key in the hopes of getting your spare bucks. I used to give money to people on the street...

Posted in: Money, Philosophy Tagged with: charity