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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 discuss the many uses of a well-crafted Family Vision Statement (8:00). From affecting your finances (spending, saving, and giving),...
Poverty is invisible; it exists in your work ethic, your personal discipline, your aversion to pain, and even your ability to make a plan....
Steven Manuel and Mark Parrett continue their series on the Critical Skills of Money. In this episode: TRADING. Trading (or, SPENDING, as it's commonly...
