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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)!
Most people don’t spend much time thinking about old age—at least not until it’s right in front of them. But what if the way...
Steven Manuel and Mark Parrett discuss the REAL amounts that people REALLY spend on several categories in the average home on a monthly basis....
Mark Parrett and Steven Manuel talk about the financial and familial implications of WEDDINGS (Where should you save dough for a wedding? How much...
