The problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.

Once you break the social norm and create a new social norm, all of a sudden it can stay with us for a long time.

People are irrational - and predictably so.

If you ever go bar hopping, who do you want to take with you? You want a slightly uglier version of yourself. Similar ... but slightly uglier.

The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because we don’t see how our conflicts of interest work on us.

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

None of us always make the best financial decisions.