#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.
Spending
#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.
#204. Dad, tell me about being a perfectionist.
DAD: Perfectionists are motivated to make the best choice every time. This can lead to decision paralysis.
#184. Dad, how do you prioritize?
DAD: I always get the important stuff done first and don’t waste time on stupid shit!
#170. Dad, tell me about spending time with myself.
DAD: Spending time by yourself allows you to hear your thoughts without distractions.
#154. Dad, how do I become a better version of myself?
DAD: You have to remain consistent, don’t strive for perfection and learn to say “No” more often.
#135. Dad, What can I do when other people are being annoying and inconsiderate?
DAD: You can only control your behaviour. If you try to change every other person, you are going to be miserable.
#132. Dad, is it important to have structure in your day?
DAD: Structure is important to get things done. But, set aside unstructured “thinking time” in your schedule.
#116. Dad, how do I beat procrastination?
DAD: Get better at two things: Self- Management and Willpower
#102. Dad, does having more stuff equal happiness?
DAD:Material items do not always equal happiness. Sometimes they just add stress and debt.
#97. What is #3 rule of money?
DAD: Pay your credit card balance in full every month.
#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, […]
#88. Dad, can you give me advice on getting my shit together?
DAD: I suggest you don’t spend too much time on things that don’t matter and spend it with people that do.
#84. Dad, what are the 3 steps to get out of debt?
DAD: Assess the damage. Understand the root cause. Change your habits today
#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.
#80. Dad, what is the happiness fund?
DAD: Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.
#44. Dad, when do most people over spend their income?
DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much entertainment
#31. Dad, may I buy anything I desire?
Yes. You can buy anything you desire – as long as you have saved for it first.
#28. Dad, what is delayed gratification?
Giving up temptation for long term benefit.
#3. Dad, what is the ‘What-the-hell-effect’?
DAD: 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, […]
#1. Dad, this money thing is so boring. I prefer not to know.
DAD: When it comes to understanding money, ignorance is not bliss.