Oxford languages provides the following definitions for “economics” and “economy”: economics: the branch of knowledge concerned with the production, consumption, and transfer of wealth. economy: the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services. What’s the difference between…

The “conventional” view on suicide is that it’s morally wrong and selfish. As such, it’s (generally) illegal and people who try to commit suicide are placed in mental institutions. …

The purpose of planning is to help you get what you want. Planning helps you get what you want by helping you make better decisions and spend your time in a more effective way. Most of what I’m going to talk about relates to personal planning, but it definitely can…

I’ve only heard the term “risk management” in the context of financial markets or business operations. In these two cases, the scope of risk management is limited to preventing financial losses and increasing financial gains. In everyday life, risk management has a much broader scope. When you’re gambling in the…

Building on: What Doesn’t Happen The cycle I’m referring to here is the generational cycle of “Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” From What Doesn’t Happen: “Strong men” are those who have been through “hard…

Building on: What Doesn’t Happen It’s a good idea to set aside a fixed amount of time each week for Proactive Prevention and Planning (PPP). This means proactively looking for possible threats that you aren’t currently aware of (unknown unknowns) in addition to researching already known threats (known unknowns). …

Many of the commonly confused concepts below are confused because of the way they are used colloquially. Understanding the differences will help you decode the meaning behind what you read and hear. Jealousy and Envy Jealousy is a feeling triggered by a perceived threat to something you have by an outside party Envy…

In everyday speech, “jealousy” is used in place of “envy”, and envy is almost never used. “Jealousy” is so commonly use in place of “envy” that the dictionary definition of jealousy now includes envy:

The outcomes of many things are best modeled as a function of the product of all the inputs. Generally, the broader the scope of the activity and the more inputs involved, the more this holds true. For example: A business needs good people, good marketing, good product-market fit, good leadership…