Taking a walk and grabbing lunch is one of the simple pleasures of the workday. Unless of course, you bring your lunch to work. Sometimes with a group of people it is hard to decide on where everyone should go to lunch together. Maybe only one person enjoys the guilty pleasure of Taco Bell, while the others want to stick with Whole Foods. Or maybe half of the group wants burgers and the other half pizza.
Here’s a relatively simple Google Mobile spreadsheet. It’s part 2 of our mobile phone spreadsheet series (See Part 1 on Tracking New Year’s Resolutions) that uses a weighted lottery to fairly determine where to go for lunch, taking into account each person’s individual preferences. Basically, each person gets 10 “points” to allocate to three restaurant choices. Each point is effectively a lottery ticket, and the spreadsheet randomly chooses the restaurant, with the probability weighted by how many points each restaurant has received. Continue reading →
This is the first in a series of posts focused on the Google Sheets app on our mobile phone, rather than the typical desktop spreadsheets. We use the mobile Google Sheets app to set our New Year’s Resolutions and track what percentage of days we have fulfilled our promises. Hopefully, having this tracker on our phone and nearby at all times makes it slightly easier to fulfill our resolutions! Continue reading →
What are your new year’s resolutions? As in most cases, coming up with the goals is easy…but achieving them is another story! According to aForbesarticle published a couple of years ago, only 8% of Americans achieve their resolutions. How can we keep our resolutions? Can we be better at goal-setting? As an organizational and prioritization tool, spreadsheets can keep us accountable and help us reach our goals. In our busy lives, it can be a challenge to keep track of and prioritize everything we set out to do. Spreadsheets can help by making us better managers of our lives.Continue reading →
This post was inspired by reading a Quora response where the child of a top 1% family says that one of the advantages of his upbringing is that his parents taught him about how business works. “Business” is a somewhat broad term that some schools say takes two years and $120k in tuition to “master”. However, as we typically do in this blog, we can educate ourselves on some of the central concepts of business on our own through spreadsheets!
Our hope is that anyone with internet access can find this page and play around with spreadsheets to begin to think about what makes a good business. Now if only this site could also provide the exotic travel experiences, connections, and the ability to take risks with a safety net that growing up in the 1% also provides… Continue reading →
Finance hiring is down, law school grads are having a tough time finding real law jobs, so what is an ambitious but risk averse college student to do with his or her life these days? Okay, right now the answer is computer science. Yes seriously, do computer science. But let’s pretend it is the year 2001 and the only other option respectable option is medical school. But doesn’t med school take a lot of time (4 years school plus 3-7 years residency/fellowship) and cost a lot of money? How can we figure out if going to med school and not earning doctor money until 7 years from now is worth it financially relative to just entering the workforce and working for those 7 years? Continue reading →
“The more you give, the more you get, that’s being alive” – The Money Song, Avenue Q
Charitable giving serves a valuable purpose in our society. It allows organizations in health, education, social services and others to provide benefits to people who otherwise couldn’t afford them. It allows people who have built up wealth to give back and make a difference. The federal government even subsidizes charitable giving by allowing donations to be deducted from income reported for taxes (effectively kicking in up to 39.6% of each donation). It’s a great system that is meant to fund those people and organizations in need. At least that is how it should be. Continue reading →
Will you save more with standard PPO or a high-deductible PPO Saver plan with a Health Savings Account?
It is currently Open Enrollment season at many workplaces, which is when employees choose their medical insurance and other benefits plans for the upcoming year. It’s also the time of year when people grumble “why is the US healthcare system so complicated” and just elect whatever plan they had in the prior year. Building a spreadsheet can help someone compare the costs and benefits of each of the plans under a variety of different assumptions about tax rate and healthcare expenditure. Continue reading →
Look no further! Whether you are a traveler, student, teacher, parent, or coach, here are our top 3 spreadsheets that can benefit you. Select any choice below to access both our spreadsheet and video tutorial.
Spreadsheets are a framework for evaluating choices! Which brand of jeans should I buy? Which restaurant should we go? To which colleges should I apply? In our tutorial video and post, let’s discover how to create a model-based decision-making process with spreadsheets! Continue reading →
A new trend across schools has emerged: B.Y.O.T for Bring Your Own Technology. Recently, an articlein the New York Times describes the debate of whether schools should adopt B.Y.O.T. Are you a fan or a critic of B.Y.O.T? Do the advantages of adopting this policy outweigh the drawbacks, or do they not? How can we think about this? Before you answer our poll, let’s first discover how we can use a spreadsheet to develop a logical framework to better inform our opinion!
What if life’s major choices are to be decided by the flip of a coin? Interestingly, the Freakonomics Experiments project – a collaboration between Freakonomics and the University of Chicago – is enlisting volunteers to do just that to study human behavior of decision-making. Intriguing, right?
An essential feature of this experiment is generating a truly random toin coss. While the Freakonomics Experiments team ensured coin toss randomness by using the Swiss-based Fourmilab’s True Random Number Generator (more info here), we can create our own coin toss using spreadsheets! Really? You bet!