NO Money = No Thinking

Wednesday, August 23, 2023 Francisco 0 Comments

 “Most people’s biggest expense is interest, which comes from living beyond their means, and buying things they think will impress others, which comes from insecurity. Avoid these two and you’ll grow richer than most of your peers.”

—Morgan Housel


From the Atlantic

An emerging body of research helps explain how the stress of poverty hampers the decision-making process. A study in Science last year found that poverty equates to a mental burden similar to losing 13 IQ points. Another study just published in the Journal of Personality and Social Psychology found that people who experienced economic uncertainty gave up on solving a difficult puzzle faster.
As Maria Konnikova wrote in the New York Times, living an unpredictable, erratic life can erode self-control: "If we’re not quite sure when the train will get there, why invest precious time in continuing to wait?"
Often, low-income people aren't sure what tomorrow will bring. So why waste time trying to diet?


When you don't have bread you don't invest in yourself ! My advice is don't spend money, save and keep a big amount of money on the side. Give but always keep something on the side. This money allows you to be able to think. If you don't have money you will just try to survive the next day.

NO Money = No Thinking


0 comentários: