#99. Dad, what is the frivolous purchase threshold?By / If you ever wonder where your money went to at the end of the month, it is probably hidden in frivolous trinkets that you didn’t need.
#3. Dad, what is ‘What-the-hell-effect’? Debt, Spending / By The ‘What-the-hell-effect’ is when you have spent more than you have earned and then decide that you might as well […]
#118. Dad, what is the external comparison trap? Character, Humble, Life Advice, Lifestyle, Minimalism / By Comparison makes us feel as if life is a race. The only benefit to comparison is inspiration.
#56. Dad, what is the quote from the movie “Fight Club” you mention when speaking about materialism? Delayed Gratification, Habits, Lifestyle, Minimalism, Money, Simplicity, Spending / By “The things you own end up owning you”. Materialism, by and large, is a psychological trap. No matter how much […]
#87. Dad, what is a financially mature adult? Accountability, Delayed Gratification, Financial Freedom, Money, Values / By Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term […]
#251. Dad, what are the three most harmful addictions? Character, Life Advice, Lifestyle, Peace / By Heroin, carbohydrates and a monthly salary.
#129. Dad, is a high income a guarantee that you will retire rich? Debt, Money, Spending, Success / By There are no guarantees. Make sure you spend less than you earn and save for the future.