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Steven Manuel and Mark Parrett continue their conversation about poverty (10:30) as Mark reviews the book Scarcity: Why Having Too Little Means So Much, by Eldar Shafir and Sendhil Mullainathan. It describes, with research, how “not having enough” impacts people. It makes us stupid, insecure, impulsive, makes us spend money unnecessarily, etc. Mark tells about a dumb purchase he made at Princeton (38:30), dealings with poor tenants (44:30), hamster-wheel living (49:40), and all the gross things that a poverty spirit produces. Here at Abe’s Wallet… we hate poverty (and love PLANNING, which is one of the antidotes to it)!
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Mark Parrett and Steven Manuel wade into piranha-filled waters by discussing the wave of firings and resignations resulting from mandates sweeping the land (8:00)....
Mark Parrett and Steven Manuel put to death the old myth that money can’t buy happiness. They’re sure that it CAN (6:45), and throw...
What is the point of stewarding your money well? To die with a lot of money in the bank? To have a giant house...
