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Dan Ariely Quotes

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None of us always make the best financial decisions  (Dan Ariely Quotes) What reminds you in your environment about saving? Nothing  (Dan Ariely Quotes) Believing you are a bad person leads to a slippery slope  (Dan Ariely Quotes) Not all debt is bad. From time to time we should get into debt when there’s a good reason for that.  (Dan Ariely Quotes) Not all debt is bad. From time to time we should get into debt when there’s a good reason for that  (Dan Ariely Quotes) 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  (Dan Ariely Quotes) 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  (Dan Ariely Quotes) It was shocking to realize how many low-income Americans don’t have savings accounts  (Dan Ariely Quotes) When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account  (Dan Ariely Quotes) Individuals are honest only to the extent that suits them (including their desire to please others)  (Dan Ariely Quotes) It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit  (Dan Ariely Quotes) It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like Homer Simpson than Superman. So from this perspective it is rather depressing. But at the same time there is also a silver lining. There are free lunches!  (Dan Ariely Quotes) Scaling down individually is very hard. Imagine that if you go to a place where everybody is dressed nicely, and you are the only one who doesn’t dress nicely. Everybody goes on vacations to a great place and you go to the Jersey shore. It’s very hard to do these things without an organized mechanism, but it looks to me like there might be some organized mechanisms  (Dan Ariely Quotes) Money are very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota?  (Dan Ariely Quotes) 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  (Dan Ariely Quotes) Once you break the social norm and create a new social norm, all of a sudden it can stay with us for a long time.  (Dan Ariely Quotes) The major thing that holds you back when you’re trying to change a bad habit like eating, smoking, or drinking too much is your belief you are out of control.  (Dan Ariely Quotes) Rainy day savings are incredibly important, because from time to time, bad things happen. And if you’re not prepared for that, it’s going to be really terrible.  (Dan Ariely Quotes) If you ever go bar hopping, who do you want to take with you? You want a slightly uglier version of yourself. Similar ... but slightly uglier.  (Dan Ariely Quotes) Why would you take money out of your paycheck at the beginning of the month when you don’t know how much money you’ll need?  (Dan Ariely Quotes) One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we’re in.  (Dan Ariely Quotes) Your immediate environment is comprised of coffee shops, supermarkets, websites, apps and all kinds of things - none of which have an interest in your long-term or short-term financial well-being.  (Dan Ariely Quotes) We talk about honesty, but the reality is we have lots of human values, and they are not all compatible. We don’t always tell the truth about everything, no matter what the consequences.  (Dan Ariely Quotes) What you should do is wait until the end of each month, and then say, OK, how much money do I have? How much do I need? Let me send the rest to retirement.  (Dan Ariely Quotes) Dishonesty is all about the small acts we can take and then think, ‘No, this not real cheating.’ So if you think that the main mechanism is rationalization, then what you come up with, and that’s what we find, is that we’re basically trying to balance feeling good about ourselves.  (Dan Ariely Quotes) We need to believe that we’re good people, and we’ll do just about anything to maintain that perception.  (Dan Ariely Quotes) Rainy day savings are incredibly important, because from time to time, bad things happen. And if you’re not prepared for that, it’s going to be really terrible  (Dan Ariely Quotes) The major thing that holds you back when you’re trying to change a bad habit like eating, smoking, or drinking too much is your belief you are out of control  (Dan Ariely Quotes) A very simple bad decision is to get into debt. And that is very expensive  (Dan Ariely Quotes) The more cashless our society becomes, the more our moral compass slips  (Dan Ariely Quotes)
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