Giving up on our long-term goals for immediate gratification, my friends, is procrastination.

Not all debt is bad. From time to time we should get into debt when there's a good reason for that.

If I gave you now, $10 as a gift, how happy would you be? Would you be happy, is the marginal $10, the best use of $10 you can use? Of course not. If I have you a CD, you know exactly what you are getting and you will have a value for it. So, money has lots of problems with it.

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

That’s a lesson we can all learn: the more we have, the more we want. And the only cure is to break the cycle of relativity.

Money are very difficult to think about. So, we think about money as the opportunity cost of money. So, we at some point went to a Toyota dealership and we asked people, what will you not be able to do in the future if you bought this Toyota?

For all of us, it's very hard to think about money, and because of that, we need help. In the same way that for all of us, it is hard to eat well, and we need some help. The poor have a particular challenge, which is that their life is actually much more complex - and they're much more complex cognitively.