by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Jun 8, 2017 | Americans working abroad, Global Living Basics, Organize, Plan, Systematize
It is not easy to start saving while overseas. Every time we go to a new country, we need to adjust to a new cost of living and the currency, and sometimes a change in salary. Often we lose track of our income and expenses, and struggle to commit to a savings goal....
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Nov 11, 2015 | Money and the heart
Anchoring bias, or anchoring effect, speaks to the fact that we unwittingly use first impressions to form perceptions that affect our later perception. That is to say, we assign value to one option based on its comparative attractiveness to other options, instead of...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Jul 3, 2015 | Money and the heart
Globetrotters know how often and quickly we can get to the point of decision fatigue, uprooting ourselves year after year. As I prepare for my own move in two weeks, I notice how many decisions must be made in a short amount of time. I can no longer shove things in a...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Apr 16, 2015 | Money and the heart
Recently I came across the interesting writing of David McRaney from his latest book, “You Are Now Less Dumb”, where he explores the human “self-delusions and irrational thinking and how we succumb to them both every day.” Many of the ideas he discusses in the book...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Jul 14, 2014 | Money and the heart, Organize, Plan, Systematize
As humans, we tend to think about things within a set of predefined, sometimes unperceived boundaries. This vastly increases our speed of processing information in this world; but in pursuit of efficiency, we sometimes give up precision. For example, if you suddenly...
I'm Hui-chin Chen, a globetrotter & certified financial planner helping you manage your finances from afar and on the go.