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Just my thoughts #0669

Virtualization is practically an extension of reality and, financially, a different way of representing ownership. Ultimately, reality exists in our perception, which we experience and verify. Our senses serve as tools that transfer information from the external world into our brains, where this data is then reconstructed in our perception. The reason we dismiss digital currencies is that we see virtual things as “non-existent.” However, if you think about it, the state of existence varies depending on whether it is virtual or physical, and all information processing takes place within our perception, only providing feedback to reality. In perception, the difference between virtual and real is meaningless. - Joseph’s “just my thoughts”

Just my thoughts #0634

Money and attention affect how we experience pain and joy. People tend to feel worse when paying in cash than when using a card . If a restaurant charges you $1 for a spoonful of food, your enjoyment diminishes because you focus more on the cost than the food itself. To reduce spending , you should make spending feel painful . For example, paying with cash rather than a credit card usually leads to less spending. Automatic debit can become a trap. A study shows electricity use increases by 4% when bills are paid via direct debit . Managing spending involves controlling how much importance you give to it. Ultimately, to reduce expenses, we need to change the system and its structure. - Joseph’s “just my thoughts”

Just my thoughts #0288

Regardless of your earnings, spending is inevitable. Therefore, spending holds more significance than merely earning, and wealthy individuals emphasize teaching their children how to allocate money toward education. This highlights that human emotions and desires are central to economic theories. Spending can be categorized into two main types: “consumption” and “investment.” “Consumption” refers to expenditures on necessities or perishable goods, whereas “investment” involves acquiring assets aimed at production. Without grasping these distinctions, money spent may be seen as a “waste.” - Joseph’s “just my thoughts”