Posts

Showing posts with the label money

I'm a billionaire

Was feeling a little poor after paying off two big ticket items. Went grocery shopping with my boyfriend and this is what we saw. Ahead of us in the queue was an old man. He held a white plastic bag with 2 packets of biscuits inside. He flicked the receipt as he waited in line. He was going to exchange the items. In the basket that he's now placed at the conveyor belt at the cashier was 3 loaves of bread. The cashier scanned the 3 loaves of bread. Isn't it 3 for $3.30? I saw the sign there 3 for $3.30. Cashier lady: No, that's not the sign for that one, the 3 for $3.30 is the small ones. Is it? But the sign there put 3 for $3.30. Next time you need to place one staff there to tell people which one is 3 for $3.30. Cashier lady: So you still want the bread? No, not 3 for $3.30 then never mind, he sighed as he pulled his trolley that was overflown with plastic bags of items which made his home and walked away. ): Our grocery items amounted to $36.65. I used a $10 Fairprice vou...

3 Lessons from The Psychology of Money

The Psychology of Money by Morgan Housel is a book recommended by many.  In this video by Ali Abdaal , he highlighted 12 key lessons but I want to highlight three. 1. Avoid financial commitments for your future self The end of history illusion is the idea that when you ask people how much they've changed in the past 10 years, they're pretty good at describing it. But if you ask people to describe how they're going to change in the next 10 years, people are very bad at doing that. Knowing that we're bad at that, we're still going to need money 10 years from now so we should keep in mind not to make extreme financial commitments. 2. Don't be a flashy twat Morgan wrote to his son, "You might think you want an expensive car, a fancy watch, a huge house. But I'm telling you, you don't. What you want is respect and admiration from other people, and you think having expensive things will bring it. It almost never does, especially from the people you wan...