#328. Dad, what is Sitzfleisch ( sit-flesh)?
In German, if someone ‘has a lot of Sitzfleisch’, it means they can endure lengthy or boring tasks until the tasks are completed.
Delayed Gratification
#298. Dad, why can I always not get what I want?
Sometimes not getting what you want is a wonderful stroke of luck.
#271. Dad, what is Karma?
Is it true that the universe restores moral order by rewarding and punishing people based on their past actions? Karma: Do we Really Reap What […]
#266. Dad, tell me about financial discipline.
Financial discipline fosters character traits like self control, prudence, and patience.
#248. Dad, what does it feel like to be in debt?
Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.
#237. Dad, it is so tempting to buy stuff
DAD: Advertisers trick you into wanting stuff. Ignore the noise.
#214. Dad, some days are so hard
DAD: Your track record for getting through hard days is 100% so far.
#212. Dad, can money buy a great life?
DAD: The things that make life great can’t be bought. Money can only help extend your options.
#211. Dad, what is a “reverse bucket list?”
DAD: A “reverse bucket list” reminds you of what you have already done and makes you feel inspired instead of overwhelmed.
#136. Dad, what does it mean to be resourceful?
DAD: It means being creative, rebellious, determined, and unstoppable. It means asking for help, but not waiting for help.
#128. Dad, how much debt do Canadian households owe ?
DAD: Canadian households owe a $1.71 for every dollar they earn. Scary.
#99. Dad, what is the frivolous purchase threshold?
DAD: If you ever wonder where your money went to at the end of the month, it is probably hidden in frivolous trinkets that you […]
#91. Dad, what is a credit card?
DAD: A credit card is money that does not belong to you. It is not free, and the longer you take to pay it off, […]
#87. Dad, what is a financially mature adult?
Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term financial freedom.
#84. Dad, what are the 3 steps to get out of debt?
DAD: Assess the damage. Understand the root cause. Change your habits today
#49. Dad, what exactly does personal finance mean?
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
#34. Dad, what is the difference between a want and a need?
A need is something you have to have. A want is a choice.
#32. Dad, what is “Black Friday”
Sadly, “Black Friday” is the day we trample people for things we don’t need, the day after being thankful for what we have.
#28. Dad, what is delayed gratification?
Giving up temptation for long term benefit.