#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!
#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.
#34. Dad, what is the difference between a want and a need? Debt, Decisions, Delayed Gratification, Financial Freedom, Minimalism / By A need is something you have to have. A want is a choice.
#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 […]
#58. Dad, how do most adults rate their financial literacy skills? Debt, Financial Freedom, Life Advice, Money / By More than 60% of adults rate their financial knowledge as “fair” or “poor”.
#331. Dad, what is status anxiety? Credit Card, Debt, Delayed Gratification, Financial Freedom, Gratitude, Humble, Values / By It is the constant fear of being perceived as “unsuccessful” by society in terms of material wealth.
#26. Dad, is the goal financial independence? Credit Card, Debt, Financial Freedom, Money, Wisdom / By It is important to recognize that your financial situation should be a side effect of pursuing a greater purpose. Financial […]