Trinity  (@trinity_493) - Profile Photo

Trinity

@trinity_493

357 READS

"My adversary is the world of finance." ~ Francois Hollande

US

Followers

416

Following

35

Stashing since

Nov 11, 2020

20 Published

2 Stashes

100 Stashed Ideas

The Pizza Principle: Linking Fast Food With The Economy
  • Fast food consumption can be used as an index to measure consumer behaviour and market changes.
  • The Pizza Principle, first noticed in New York City in the 80s, revealed that the cost of a subway ride and a slice of pizza remained the same for two decades.
  • How much a Big Mac from Mcdonalds (or a similar offering from KFC) costs around the world can measure how the same product costs in different countries. If the product price is the same, the countries have a Purchasing Power Parity (PPP).
Trinity  (@trinity_493) - Profile Photo

@trinity_493

💰

Money

The Face On The Banknote

Money is one of the tangible symbols of a nation's identity and history. Banknotes and coins evolve over time just as a nation evolves, and currency notes feature portraits of people who have made an impact on generations.

Each banknote has a story behind its creation and is a window to its past struggles and accomplishments.

Protecting Intellectual Property

The idea of property protection has been around since the early 500 BCE in Greece. Their chefs were granted year-long exclusive rights for creating specific cuisines.

Now, the goal of intellectual property protection has stayed the same, which is to prevent the unlawful copying of ideas and encourage creation of new products which will benefit the public and strive for more free-market competition.

Terrified Of Retirement

Many people get identified with their work to such an extent that retirement feels like a big question mark on what will happen to them once they are ‘released’ from what they did their whole life.

One has to see if working beyond the retirement age is an option, as many do keep working well into their 70s, comforted by the psychological security, social acceptance and financial independence that work provides.

The slow increase of consumerism

The idea of people as consumers took shape before WWI, but it became more common in America in the 1920s.

People have always consumed the basics of life - food, clothing, shelter. They had to work to get them, but there was little economic motive for increased consumption among the masses. Attempts to promote new fashions and boost sales slowly increased as the pursuit of wealth extended beyond the very rich.

Naval Ravikant
"Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth."
  • You have no idea where your money is going.
  • You’re chronically overspending.
  • You’re not saving any money.
  • You struggle to afford the things you really want.
  • You have trouble keeping track of bills.
  • You often face cash flow problems.

Hertz was the first national car rental company, followed by Avis.

In 1956, Hertz launched a slogan, "More people by far... use Hertz Rent-A-Car." Avis followed with its "We Try Harder" campaign in 1960, which evoked a response from Hertz, "For years Avis has been telling you Hertz is No. 1. Now we're going to tell you why."

Marginal Benefit vs. Marginal Cost

Marginal benefit and marginal cost are two measures of how the cost or value of a product changes.

  • The marginal benefit is a measurement from the consumer side. It is the maximum amount of money a consumer is willing to pay for an additional good or service.
  • The marginal cost is a measurement from the producer side. It is the change in cost when an additional unit of a good or service is produced.
How you can invest in yourself

The foundation for every personal pursuit in life is to invest in yourself. It can take years. How you can do it:

  • Learn to build something. If you can create something valuable with limited resources, you can create value.
  • Learn a rare and valuable skill.
  • Build a network of people who are doing well in life.
  • Save enough money to live on for at least six months.

A good supply of ideas is the first pillar of wealth building.

Loading...

© Brainstash, Inc

AboutCuratorsJobsPress KitTopicsTerms of ServicePrivacy PolicySitemap