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Money: ideas and frameworks explained

A collection of ideas, frameworks and techniques related to Money, explained clearly so they are easy to understand and share.

Pyrrhic saving concept showing shoppers leaving a megastore with an overloaded trolley under deal signs, captioned “If we save any more money, we’ll be ruined” – spending more to save money examplePyrrhic Saving: "Saving" money by spending moreWhen there’s a gold rush, sell shovels and picks, a classic business and entrepreneurship quote with prospectors chasing gold and suppliers lining the roadWhen there's a gold rush, sell shovelsWhat is contentment? Happiness, wellbeing and contentment is what you have relative to what you want, from Morgan Housel’s The Art of Spending Money.Contentment: What you Have Relative to What you WantWhat is the subscription trap? A picture example showing how canceling subscriptions is made difficult with delays, friction, and sludge.The Subscription TrapIllustration of Adam Smith’s quote about trade: “It is not from the benevolence of the butcher, the brewer, or the baker…” showing how self-interest leads to mutual benefit in trade and a tipsy baker.The Butcher, the Brewer, the Baker — Adam Smith quoteWhat is the meaning of fungible and non-fungible goods with examplesFungible - non-fungibleGini Coefficient illustration: a scale of wealth distribution is depicted where green squares represent the wealth of an individual within a population. On the left, every individual has a green square - equal wealth distribution. In the middle, the wealth sits with only half the population. On the right, all the wealth sits with only one person - they have a shiny crown and gold chain to display that wealth! The Gini coefficientWhat is the Diderot Effect example explained: showing two people discussing their new sofa and deciding they have to change the room, or even moveThe Diderot EffectPrices written smaller seem more affordable examplePrices written smaller seem more affordableZone of Possible AgreementISAs are like bucketsIf money doesn't make you happy then you probably aren't spending it right. Tips to spend better from Dunn, Gilbert, Wilson, 2011Spend better

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