Akrasia is when you do one thing even though you know you should do something else. Like spending and saving.
Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.
DAD: Perfectionists are motivated to make the best choice every time. This can lead to decision paralysis.
DAD: I always get the important stuff done first and don’t waste time on stupid shit!
DAD: Spending time by yourself allows you to hear your thoughts without distractions.
DAD: You have to remain consistent, don’t strive for perfection and learn to say “No” more often.
DAD: You can only control your behaviour. If you try to change every other person, you are going to be miserable.
DAD: Structure is important to get things done. But, set aside unstructured “thinking time” in your schedule.
DAD: Get better at two things: Self- Management and Willpower
DAD:Material items do not always equal happiness. Sometimes they just add stress and debt.
DAD: Pay your credit card balance in full every month.
DAD: I suggest you don’t spend too much time on things that don’t matter and spend it with people that do.
DAD: Assess the damage. Understand the root cause. Change your habits today
DAD: Being good at money does not mean you don’t spend it. And not spending does not make you good at money.
DAD: Treat yourself if it brings you happiness. Enjoy your money with moderation. Balance is the key.
DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much entertainment
Yes. You can buy anything you desire – as long as you have saved for it first.
Giving up temptation for long term benefit.
DAD: When it comes to understanding money, ignorance is not bliss.