Friends

When I was young, I spent most of my time with friends. As a latchkey kid, I was told to get outside in the morning and wouldn’t return until dinner or after – depending on whether my mom was working that night. As I got older, I hung out with friends after school, after practice or after work – whatever would get me out of my trailer home.…


Humility

The word humility means freedom from pride or arrogance. Stated more simply it means not believing you are better than others. Interestingly the use of the word humility seems to have peaked in the early 1800’s and has been on a precipitous decline of the last two hundred plus years – with a slight uptick over the last few.

It is worth noting that this decline coincides with our shift from a hunter/gatherer society to one focused first on agriculture and then on industry.…


Complementary

To hear this term is to presume something positive. It implies that things fit with one another, get along, are nice.

Yet in the field of psychology, complementary behavior may not always be as helpful as it sounds.  It means you respond back to someone in the same way they did to you.  For example, if someone yells at you, you yell at them.

By comparison, non-complementary behavior is responding to someone in a different way from which they acted towards you. …


Where does wealth come from?

By definition, wealth is “an abundance of resources.”  In other words, you have more than you need.
 
It may seem counterintuitive, but research shows the primary determinant for wealth is not how much we make (income) but how much we are given (intergenerational transfer). 

This can come in three forms.  

  • Inheritance that is passed down upon the death of a parent or grandparent or other older relative.