Understanding opportunity costs
Two roads diverged in a wood, and I--I took the one less traveled by, And that has made all the difference--Robert Frost Opportunity cost is one of the most important concepts. Opportunity cost is the true way to measure the cost of something you are doing. To be specific, let us read ...

Preferences, not money, dictate personal finance
Tell me what you eat, and I will tell you what you are--Brillat-Savarin Preferences are the key to starting your personal finances. I don't think financial websites emphasize this enough. For example, consider the articles "Skip Graduate School" and "Unpaid Internships are a Waste." While these articles make valid points, their ...

The most important lesson: personal finance is not really about money
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability -- Henry Ford In my opinion, personal finance is about financial independence. It is about having the proper knowledge, ...

Welcome
About Mind Your Decisions (by Presh Talwalkar) Hi, and welcome to Mind Your Decisions. I want to explain what this site is about and why I started it. This site is about personal finance and game theory. In other words, this site is about making smart decisions. This site is not about ...