#3. Dad, what is ‘What-the-hell-effect’?By / 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, you don’t care!
#41. Dad, should I repay the highest interest rate debt first? Debt, Money, Motivation / By Tackle smaller balances first. This builds momentum and there are psychological reward to doing it this way.
#81. Dad, what about spending money? Money, Simplicity, Spending, YOLO / By Being good with money does not mean you don’t spend it. And not spending does not make you good with […]
#55. Dad, why is it so awkward to talk about money when you are in a relationship? Debt, Financial Freedom, Love, Minimalism, Money, Spending / By It is awkward, but necessary, to talk about money with your loved ones. I suggest you speak often, keep the […]
#31. Dad, may I buy anything I desire? Debt, Decisions, Money, Spending / By Yes. You can buy anything you desire – as long as you have saved for it first.
#302. Dad, is it OK to buy inexpensive stuff? Debt, Decisions, Life Advice, Minimalism, YOLO / By Justifying purchases with a low sticker price is faulty logic. Eventually, our stuff will get the last laugh with the […]
#317. Dad, is it OK to shop on Boxing day? Credit Card, Debt, Spending / By Yes, as long as you temper your spending and don’t go into debt.