Jennifer Baez
@jenniferbaez
@jenniferbaez
“Healing is a daily event. You can’t “go somewhere” to be healed; you must go inward to be healed. This means a daily commitment to doing the work.”
The hardest financial skill is getting the goalpost to stop moving.
But it’s one of the most important. If expectations rise with results there is no logic in striving for more because you’ll feel the same after putting in extra effort.
Modern capitalism is a pro at two things: generating wealth and generating envy. Perhaps they go hand in hand; want
... See moreBy delaying the task of fleshing out and firming up the speech, King allowed Jones to benefit from the Zeigarnik effect. In 1927, Russian psychologist Bluma Zeigarnik demonstrated that people have a better memory for incomplete than complete tasks. (Page 99)
I love Voltaire’s observation that “History never repeats itself; man always does.” It applies so well to how we behave with money.
If you grew up when inflation was high, you invested less of your money in bonds later in life compared to those who grew up when inflation was low. If you happened to grow up when the stock market was strong, you inves
... See moreThe lowest-income households in the U.S. on average spend $412 a year on lotto tickets, four times the amount of those in the highest income groups. Forty percent of Americans cannot come up with $400 in an emergency. Which is to say: Those buying $400 in lottery tickets are by and large the same people who say they couldn’t come up with $400 in an
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