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Money

69 STASHED IDEAS

  1. The purpose of money is not intuitive or linear.
  2. The person having money easily mistakes overconfidence for optimism.
  3. Getting rich and staying rich are two different things that require different tools and habits.
  4. Money makes us fight with ourselves, creating an internal battle.
  5. Just be patient and save more money.
  6. Saving increases our options and debt remove them.
  7. Our expectations cannot catch up with reality.
  8. No amount of money is enough.
  9. Spending money to show others how rich we are is an easy way to get poor.
  10. We are too impressed with what we possess.
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@lil_ww

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Money

  • Central to Keynesian economics is an analysis of the determinants of effective demand. 
  • The Keynesian model of effective demand consists essentially of three spending streams: consumption expenditures, investment expenditures, and government expenditures, each of which is independently determined. Foreign trade is ignored.
  • Keynes attempted to show that the level of effective demand, as determined in this model, may well exceed or fall short of the physical capacity to produce goods and services. 
  • He also proved that there is no automatic tendency to produce at a level that results in the full employment of all available human capital and equipment. His findings reversed the assumption that economic systems would automatically tend toward full employment.

Economics - Keynesian economics

britannica.com

Vintage Dresses

Vintage clothing is defined as a new or old garment that belongs to a previous era, in the span of 100 years, after which it becomes antique clothing.

Online sites and neighbourhood stores offer vintage clothes that have become increasingly sought after with buyers who are influenced by celebrities and fashion trends.

The Psychology of Vintage | Psychology Today

psychologytoday.com

If you dislike the way you spend your weeks, that is a sign that something is wrong. You don't want to feel like this for the next ten or twenty years.

There are other options available. In fact, many people switch professional paths entirely when they're mid-career. It is a feasible option.

‘I Feel No Ambition Whatsoever at Work’

thecut.com

Anchoring is an extremely strong bias, and even if we are aware of it, it still works. We can follow certain rules to avoid this highly prevalent and effective cognitive bias as much as possible:

  1. Be aware of the anchor effect and recognize that our need for a bargain and even our mood can make us fall for it.
  2. Have as much information you can get about the product and the possible price range before making a large purchase.
  3. Have preset limits on spending, so that you don’t go above it.

The science behind our bargain hunting foolishness

theconversation.com

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