#302. Dad, is it OK to buy inexpensive stuff?
Justifying purchases with a low sticker price is faulty logic. Eventually, our stuff will get the last laugh with the silent stress of a cluttered […]
Minimalism
#266. Dad, tell me about financial discipline.
Financial discipline fosters character traits like self control, prudence, and patience.
#260. Dad, how do I get what I want?
One way, is to want less. Another way is to first help other people get what they want.
#250. Dad, what is akrasia?
Akrasia is when you do one thing even though you know you should do something else. Like spending and saving.
#214. Dad, some days are so hard
DAD: Your track record for getting through hard days is 100% so far.
#207. Dad, what is the “ten second” rule?
DAD: Any time you are about to spend money, count to ten slowly and consider how this purchase may impact your life.
#203. Dad, what is the debt snowball method?
DAD: This method helps you to pay off debts with the smallest amount owed first.
#150. Dad, what is passive income?
Passive income is income you earn while you are doing something else.
#118. Dad, what is the external comparison trap?
Comparison makes us feel as if life is a race. The only benefit to comparison is inspiration.
#102. Dad, does having more stuff equal happiness?
DAD:Material items do not always equal happiness. Sometimes they just add stress and debt.
#82. Dad, does having more stuff make me happier?
Material items do not always equal happiness. Sometimes they just add more stress and debt.
#76. Dad, should I start to invest?
Start by investing in your personal development and become an expert in one thing.
#72. Dad, what is minimalism?
Minimalism is less about the quantity of items you have and more about the quality of life you create.
#64. Dad, what is the external comparison trap?
Comparison makes us feel as if life is a race. The only conceivable benefit to comparison is inspiration.
#60. Dad, what percentage of items would you replace if you lost everything in a fire?
Definitely less than 100%. We all have way too much stuff.
#57. Dad, what is financial awareness?
Recognizing the state of your finances when making financial decisions by not allowing your emotions to get the better of you.
#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.
#15. Dad, do you think that it is important to maintain an image, even if you cannot afford to do so?
Be authentic! Maintaining an image that your income cannot support goes against being authentic. You cannot pay your bills based on how you appear to […]