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Peter Koehler

Mistakes people make when applying for jobs

I've searched for jobs. I've been hired. I've hired people. I've read more resumes and cover letters than I can remember. I've sat through interviews. I've seen people I love go through the job hunt.

Over and over again, I've noticed lots of people make these mistakes:

1. They focus too much on why a job is good for them, and not enough on . . .

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August 22, 2017

Stop Chasing Yield

The mental benefits of passive investing

Silvrback blog image

In my last post I laid out step-by-step exactly how I manage and invest my money.

Most of my investment portfolio is in passive, diversified index funds. This means I don't choose any specific stocks myself, I simply invest in the world markets as a whole.

By definition, this means that I won't beat the market.

What?! Isn't the point . . .

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April 24, 2017

How I Manage My Money Step-by-Step

A simple and effective approach to building wealth

A couple of years ago I wrote a post about How to Start Investing Today.

Since then, my basic investment philosophy has not changed, but some of my specific recommendations have evolved.

In this post, I reintroduce my investing philosophy and share my updated and specific steps for how I manage my money.

Who is this for?

This post . . .

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April 23, 2017

How to Calculate the True Cost of Home Ownership

(downloadable financial model included)

[Note: Scroll to the bottom of the post at anytime to download the calculator]

A house is the biggest purchase that many of us will ever make. 

Yet far too many people spend disturbingly little time running the numbers on what they can afford.

People will literally spend more time agonizing over whether to spend an extra . . .

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November 28, 2016

Why You Should Dump Out Your Hot Coffee

A quick example of sunk costs:

Keeley and I just stopped at coffee shop, and she bought a coffee to go. Three minutes after we left, she had taken just two sips, and dumped it out.

"I realize I don't want this anymore."

She recognized that the $2.50 she paid for the coffee was a sunk cost. 

She paid for it in the past, . . .

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November 19, 2016

Your Political Donation is Zero Sum

How to think about maximizing impact when donating politically

It's election season, which means there's a good chance you've been asked for money. Or maybe you've been invited to a fundraiser or a phone bank.

Perhaps you've even given money to a candidate or a cause while attending a fundraiser, or after receiving an email with an irresistible pitch.

During this season, I think it's important . . .

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September 22, 2016

Compound Yourself

 

When it comes to investing your money, one of the first principles to understand is compound growth. 

We often hear things like:

"The biggest money mistake I ever made was not starting to invest earlier."

"Start investing even a tiny amount early, and you can be a millionaire by the time you retire."

and

"If you save just . . .

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June 25, 2016

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