“If a man be gracious and courteous to strangers, it shows he is a citizen of the world.” Quote by Francis Bacon
“I don't want to say that the poor are inherently cognitively diminished, but at the end of the day of making difficult, tough decisions, it's very hard to have the energy to think about things with the right mindset.” ThinkingWantEndsHardEnergyDifficultDecisionPoorToughMindsetThe End Of The DayTough Decisions Author:Dan Ariely
“When people are in severe pain, there's an expression, you're a "pain person," and what that means is that nothing else matters.” PeopleMeanPersonsMatterPainExpressionSevereSevere Pain Author:Dan Ariely
“When you're in pain, tomorrow doesn't exist - just the pain - and the only thing that you want in the world is for it to go away.” WorldWantPainTomorrowGoing Away Author:Dan Ariely
“A very simple bad decision is to get into debt. And that is very expensive.” SimpleDecisionDebtExpensiveBad Decision Author:Dan Ariely
“Not all debt is bad. From time to time we should get into debt when there's a good reason for that.” ShouldReasonDebt Author:Dan Ariely
“The problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.” PeopleProblemCoursesPoorFrontsHigherCostDebtWealthy Author:Dan Ariely
“The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.” ThinkingFeelsYearsGoalSimpleMistakeCompanyCostApproachCreatingLifetimeDebt Author:Dan Ariely
“Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple: You should pay the one with the highest interest rate first. But that's not what people do.” PeopleShouldFirstsInterestSimpleAnswersPayFiveImagineHighestRateCreditDebtCardsCredit CardInterest Rate Author:Dan Ariely
“What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down.” PeopleWayFirstsCoursesEnjoyNumbersPayDebtLoan Author:Dan Ariely
“It was shocking to realize how many low-income Americans don't have savings accounts.” RealizingLowsAccountsIncomeSavingShockingSavingsLow IncomeSavings Accounts Author:Dan Ariely