When You're In Pain, Tomorrow Doesn't Exist

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.

In The U.s., I Think There Is An Ideology Of Not Telling Kids What To Do. Nobody To Tell You Who To Marry, Not Tell You What Job To Pick. You're Your Own Person. You Have The Freedom To Choose, Including The Freedom To Fail In Magnificent Ways. And I Think That's The Big Difference. In Other Countries There Is Basically A Social Norm About Saving That Is Passed From Generation To Generation. In The U.s. There Isn't.

One Percent Of People Will Always Be Honest And Never Steal," The Locksmith Said. "another One Percent Will Always Be Dishonest And Always Try To Pick Your Lock And Steal Your Television. And The Rest Will Be Honest As Long As The Conditions Are Right - But If They Are Tempted Enough, They'll Be Dishonest Too. Locks Won't Protect You From The Thieves, Who Can Get In Your House If They Really Want To. They Will Only Protect You From The Mostly Honest People Who Might Be Tempted To Try Your Door If It Had No Lock".

One Of The Big Lessons From Behavioral Economics Is That We Make Decisions As A Function Of The Environment That We're In.

Big Data Is Like Teenage Sex: Everyone Talks About It, Nobody Really Knows How To Do It, Everyone Thinks Everyone Else Is Doing It, So Everyone Claims They Are Doing It.