I’ve been on a hip-hop kick this week. We all know about my love for behavioral finance so when I found a way to link the two I knew I had my editor’s choice for the week. 6 Bubbles is a blog run by two graduate students from Texas and California. I know what you’re thinking, “why would we listen to anyone from those two worthless states?” I felt the same way too but let’s give credit where it’s due: they are in those states for grad school. Since they are both pursuing PhDs and came from a more respectable state (Illinois) before starting their blog, they get a pass.
Anyway. JC, the one in Texas, wrote a post about a study in the final stages of publishing. The study learned that we tend to overvalue high denomination currency relative to lower denominations, all else equal. What this means is we might look at a $100 bill being worth more to us than 100 $1 bills. So if you want to save money, leave Washington at home, it’s all about the Benjamins.
Here’s the best of the rest I’ve read this week:
Wisebread posted a guest post from someone that has sold much of their belongings as a part of the minimalist lifestyle. I hate people like that these people annoy me, I like my stuff. I’m not packrat mind you but there is even a movement to live off owning less than 100 things. No way will I link to it. Anyway, this guest writer seems to be missing some of the belongings she got rid of.
Get Rich Slowly‘s JD pointed out something that usually requires a marketing expert to notice. Whether you believe it or not, marketing and advertising does impact you. The people that deny it are the ones most likely to not notice how much it affects them.
Lemon Drop has the solution for those of you that are sick of your jobs. If you hate your job, perhaps you should poo on company time. My thing though is you don’t have to do this if you hate your job. The interesting thing about using the restroom at work is it gives you a few minutes to clear your head and reset. You’d be surprised at the number of studies of improved productivity by simply taking a short break.
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You hate people who sell most of their possessions to live a minimal lifestyle?
That’s a pretty strong statement! My wife and I are in the process of selling our remaining possesions in order to be able to move and travel around Australia. I personally love the 100 Thing Challenge, it’s really opened my eyes to a lot of the junk that was bogging me down.
There’s nothing fundamentally wrong with stuff. For my wife and I though, less stuff = more time/energy/money to accomplish the goals we want to accomplish.
I know you’re being a little extreme for effect, but we hope you don’t hate us!
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