#3. Dad, what is ‘What-the-hell-effect’?By / The ‘What-the-hell-effect’ is when you have spent more than you have earned and then decide that you might as well fail spectacularly. In short, you don’t care!
#165. Dad, I feel I don’t earn enough money to be wealthy. Debt, Financial Freedom, Minimalism, Money / By How much you earn does not determine your ability to build wealth. The first step to building wealth is to […]
#132. Dad, is it important to have structure in your day? Character, Habits, Life Advice, Spending / By Having structure is important to get things done. Setting aside unstructured “thinking time” is just as important.
#248. Dad, what does it feel like to be in debt? Debt, Delayed Gratification, Financial Freedom, Money, Spending / By Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible […]
#56. Dad, what is the quote from the movie “Fight Club” you mention when speaking about materialism? Delayed Gratification, Habits, Lifestyle, Minimalism, Money, Simplicity, Spending / By “The things you own end up owning you”. Materialism, by and large, is a psychological trap. No matter how much […]
#84. Dad, what are the 3 steps to get out of debt? Debt, Delayed Gratification, Money, Spending / By Assess the damage. Understand the root cause. Change your habits.
#41. Dad, should I repay the highest interest rate debt first? Debt, Money, Motivation / By Tackle smaller balances first. This builds momentum and there are psychological reward to doing it this way.