Money actually becomes even more difficult than other things because it's very hard to imagine what the benefits are to saving. So, imagine that you see a new bicycle, a new pair of shoes, or something today. You know exactly what you are giving up if you are not buying it, what are you gaining in the future if you are not getting it. So, you are giving up the bicycle today, what is it in the future? What will happen if you send another $1,000 to your retirement fund? What difference will it make? It is very, very hard to figure out.

When people are in severe pain, there's an expression, you're a "pain person," and what that means is that nothing else matters.

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.

Money is a wonderful invention. It lets us save, it lets us specialize, right? I couldn't be a professor if there wasn't any money. Every day I would have to raise chicken and bread and broccoli and go ahead and spend all my time trading. So, money is a wonderful mechanism.

I don't know what exactly the translation is but when we do consume something now, something else has to give at some point.

I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?

There's something about [cyclically] doing something over and over and over that seems to be particularly demotivating.