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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)!
In this episode Mark sat down with his buddy Murray who has been through just about every car buying scenario there is, and learned...
Steven Manuel and Mark Parrett discuss inflation (8:00) and all its implications. How does it start? How does the government cause it, then seek...
What is the point of stewarding your money well? To die with a lot of money in the bank? To have a giant house...
