Tuesday, October 6, 2015

Exploration 5 by Andy Pickard

          The main idea in this article is that if you can train yourself to not want all of the new "convenient" things, like a boat or an iPad, then you can be happy with not spending and just save money. I disagree with this article, I do think that if you really want to save money that bad then you can try this method and save 50% of your income. However, I think spending is the American way and it is why people work so hard to make money. If everybody used this method then most people would just be contempt with their current income and it will give them no incentive to be creative and create a business. It would be a very useful way to save money if need be, however, most of this article seems to be just stating what everybody knows. To save money, simply spend less on things that are not necessities. The concept of being in control of your mind is interesting and if accomplished would be a fantastic way to save money, but it is not something that people most people can manage. (http://www.mrmoneymustache.com/2012/09/18/is-it-convenient-would-i-enjoy-it-wrong-question/)
          One website I use is Vsauce.com (mostly Vsauce 1), it is a very informative, interesting and fun website to visit. Most of the videos start off with a "what if" question and expands on that question in great detail. Through all of this interesting detail you start to learn more about the field the question is in. For example, "Would headlights work at light speed?". It is a very interesting question that already catches the reader's attention. Watching the video you can learn about the science behind this question, as well as following an interesting series of questions all of which explained through extensive research. The other two Vsauce channels have their own style, one talking about current inventions and works in progress that are revolutionary, and the other talking about the science behind some video games.
This video talks about the Banach-Tarski Paradox


  1. I remember us talking about how outrageous the 50% of income needs to be used on wants and needs and the other half would have to be saved. Even though it might seem outrageous, you did a good job in your post as explaining to how it might be beneficial and how it could be used a s a last ditch effort in order to save money, but the practicality of this method doesn't seem that useful.

  2. I agree that saving 50% is kind of a stretch. However, I think that it is doable if you have the will power. I think that the best method for saving is saving 20% of every paycheck. This method is a lot more realistic and it also allows you to have more financial freedom as well as having money for the things that you need.

  3. I kind of agree with this article. I think is important to not waste your money on thing you only want momentarily. It comes down to needs verses wants. I agree with the idea of saving as much as you can but i also agree with what you are saying as well, that spending is important as well.

  4. I think the intent of this article is to explain that the demand doesn't necessarily warrant you to go out of your way to ensure you purchase it, rather than not save your money to buy something you truly want. He makes a lot of great points but I am picking up what you are putting down.


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