48: The Diderot Effect and Out of Control Spending

This is a fascinating topic to me illustrated by the cautionary tale of Denis Diderot. He lived in poverty before getting a huge windfall that he proceeded to spend on frivolous purchases. We don't have to make the same shortsighted mistakes.

Links from the show:

• James Clear on the Diderot Effect
• Understanding The Diderot Effect To Overcome Overspending
• The 'Diderot Effect' Explains Why It's So Easy To Feel Like You Never Have, Or Do, Enough
• The Diderot Effect: Master It Or You Will End Up Broke

==============================

Check out getbitcoinfi.com for more blog posts and articles, and get involved in the community.

• Strike - the Venmo of crypto. Buy, sell and send crypto with no fees. Use my link to get $10, no purchase necessary.
• Cash App has low fees and Bitcoin only. Get $5 when you sign up with me link
• I have a Roth IRA with Choice to buy Bitcoin in a tax sheltered account. Traditional IRA's are also available. We both get $50 in Bitcoin when you open and fund an account, plus daily chances to win Bitcoin.
• Swan Bitcoin: Lower fees than Coinbase with a strong focus on education
• Giddy waitlist - A simple to use DeFi app
• My Twitter
• My Youtube

==============================

Feel free to schedule 15 minutes with me.

• Note: Swan Bitcoin is my only affiliate relationship - the rest are mutually beneficial referral links.