#262. Dad, what is a quick way to simplify my life?
Identify what is most important to you. Eliminate everything else.
Simplicity
#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.
#255. Dad, how old are the principles of personal finance?
The principles of personal finance have not changed for 3000 years. That is why it is so easy to understand and apply.
#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.
#247. Dad, what is an askhole?
Someone who asks too many stupid, pointless or obnoxious questions.
#242. Dad, what happens when I am not present?
DAD: By not being present, we scatter ourselves; and that scattering causes us to look for fulfillment in the wrong places.
#237. Dad, it is so tempting to buy stuff
DAD: Advertisers trick you into wanting stuff. Ignore the noise.
#236. Dad, what should I talk about?
DAD: Talk about life, love, meaning, experiences, entrepreneurship. Be inquisitive, learn about people
#214. Dad, some days are so hard
DAD: Your track record for getting through hard days is 100% so far.
#189. Dad, tell me about being quiet
DAD: Knowing how to be quiet teaches you how to formulate your thoughts. The quiet unhurried mind understands the most.
#185. Dad, does spending less equate to less joy?
DAD: On the contrary, spending less brings more joy.
#102. Dad, does having more stuff equal happiness?
DAD:Material items do not always equal happiness. Sometimes they just add stress and debt.
#89. Dad, do you have advice about getting out of debt?
DAD: Just get started.
#86. Dad, do I have to spend a lot of money to be content?
DAD: You don’t need to get out of the city to feel calm. You don’t need a gym membership to push your body. You don’t […]
#81. Dad, what about spending money?
DAD: Being good at money does not mean you don’t spend it. And not spending does not make you good at money.
#72. Dad, what is minimalism?
Minimalism is less about the quantity of items you have and more about the quality of life you create.
#70. Dad, what is the principle of dangerous perfection?
DAD: If the only acceptable result is perfection, you’re setting yourself up for fair failure.
#60. Dad, what percentage of items would you replace if you lost everything in a fire?
DAD: Definitely less than 100%. We all have way too much stuff.
#36. Dad, tell me why holiday traditions are so financially stressful?
We don’t have to continue holiday traditions that leave us overwhelmed, broke and tired. Traditions should not detract from the season, they should elevate it.
#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.
#4. Dad, I am young and want to live and spend money like there is no tomorrow – YOLO
DAD: It is important to balance preparing for the future and enjoy the present as long as you do not spend more than you earn.