The most perplexing thing about money for me is the psychology of spending. I find my humble immigrant roots getting the best of me when I spend an embarrassing amount of time in the grocery aisle comparing prices. I always thought more money = more freedom. But I have to actively work not to compare prices to save $0.40. I've gotten bet…
The most perplexing thing about money for me is the psychology of spending. I find my humble immigrant roots getting the best of me when I spend an embarrassing amount of time in the grocery aisle comparing prices. I always thought more money = more freedom. But I have to actively work not to compare prices to save $0.40. I've gotten better over the last few years but it's not without work. Turns out more money = more problems (jk... but not really). I haven't approached the world of crypto because the volatility would give me a heart attack. But sometimes I question my lack of trust, because I know that money is mostly electronic data anyway. Such a fun topic to think about!
@filiz I am no expert on supermarket marketing strategies, but having people spend time comparing prices is possibly a habit forming device? You raise an important point about trust in a world of digital money - there are gold standard fanatics who think we should have never moved to cash, for how can you trust a currency that isn't backed by some objective commodity. Then again, what backs the backer? Why is gold any more trustworthy than paper or bits?
The most perplexing thing about money for me is the psychology of spending. I find my humble immigrant roots getting the best of me when I spend an embarrassing amount of time in the grocery aisle comparing prices. I always thought more money = more freedom. But I have to actively work not to compare prices to save $0.40. I've gotten better over the last few years but it's not without work. Turns out more money = more problems (jk... but not really). I haven't approached the world of crypto because the volatility would give me a heart attack. But sometimes I question my lack of trust, because I know that money is mostly electronic data anyway. Such a fun topic to think about!
@filiz I am no expert on supermarket marketing strategies, but having people spend time comparing prices is possibly a habit forming device? You raise an important point about trust in a world of digital money - there are gold standard fanatics who think we should have never moved to cash, for how can you trust a currency that isn't backed by some objective commodity. Then again, what backs the backer? Why is gold any more trustworthy than paper or bits?