All posts tagged: shopping

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How does candy relate to your future financial independence?

 (on the main photo Evelyn Rose, // photo by J. Adam Fenster)  In 1970, Stanford University Walter Mischel and Ebbe B. Ebbesen conducted an experiment that they called the “Marshmallow Test”. They gathered about 600 kids (avg. age 4.5) and basically tempted them with a marshmallow, or some form of candy or cake.  It went something like this: a child is left alone in a room having no distractions whatsoever. A marshmallow is then placed in front of him/her and the child is given two options: to eat the marshmallow straightaway or wait fifteen minutes and receive a second marshmallow as an award. So, what does it have to do with financial independence you would ask…   Guess how many of them waited?  Many of you who follow Life as an Investment either dream to achieve financial independence, or are already on their way. According to Robert Kyosaki (read about his books here), “You are wealthy as long as you can live the lifestyle you’re used to—without having to work.” Basically, Kiyosaki is trying to tell us that …

Christmas is coming…. and again about spending habits

 A special for you today with some tips on how to avoid debt hole after Christmas celebration, how to manage your fears, think wisely and make good presents without great expenses.   All cultures have different traditions of celebrating Christmas. Even the days differ: Swedes celebrate the 24th of December, USA and UK on 25 th, Russia and Greece go nuts as usual and celebrate on 6th and 7th of January. The traditions of giving the presents on Christmas also vary.  While Swedes are very overly generous when distributing Christmas presents compared to other countries, Svenska Dagbladet (SvD) recently published an article about the dangerous situations that arise as a result of giving gifts in the Christmas spirit.  The following quote stuck out to me especially:  “20% of people, according SvD, are ready to take a credit in the bank to buy Christmas presents.” Idiots! (It makes me angry! I simply cannot tolerate stupidity). I have nothing against generosity, but I have a lot of against the stupidity of people that allows them to  put themselves into debt hole.  All because of certain …