Ideas from books, articles & podcasts.
It is a term that characterizes the tendency for purchases to generate new purchases.
Example: We set up a gym membership, and then we think we need better workout clothes, headphones, towels, a combination lock, and a bag to carry everything.
The French philosopher Denis Diderot became a wealthy man at age 52 and was able to afford small indulgences.
He started with a scarlet robe and continued with other items, because they were not matching the elegance of that robe. The joy of everything he bought was short-lived. Piece ...
We live better lives than Denis Diderot and his peers and yet we always crave for more. We decide our refrigerator isn’t nice enough; not when the latest models are wifi-enabled with touch screens.
But our situation is more forgiving. We can always simplify. We can downsiz...
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