Posts tagged Behavioral Bias

The reason free trials make you happily spend your money

I have heard it numerous times by people thinking of starting their own business, reluctant to share ideas or information for free, asking: 

“Should I offer it for free?” 

Not only start-ups or small businesses but also large corporations hesitate and think… 

“But if we gave all this knowledge away for free, they wouldn’t need us. They will just go ahead and do it on their own.” 

Read More

Do impulse decisions screwup your finances?

Let’s talk about impulse decisions because I definitely fall victim of those ones. Not to say that I don’t enjoy those decisions. In fact, most of the time I actually do very much enjoy them, and perhaps that’s the reason why I keep on embarking on those impulse decisions. One… right after the other. 

And if that wouldn’t impact my financial situation, I guess it wouldn’t bother me that much, or let’s say, it wouldn’t trigger me to think about it in the meantime… but it is. 

You see, while reading, researching and trying to understand why we buy the things we do, and what triggers us to do it, I completely wiped out the impact of which generation you are part of. Each generation has different triggers and that is because they have grown up in specific atmospheres that impact their spending behaviors.

Read More

The Money Illusion… is it enough? | Tales of an Excessive Spender

Talking about my pursuit of savings with one of my friends, and he tells me one thing, there is no “Baraka” here… in Dubai, when it comes to money. “Baraka” means you don’t get the most out of your money in Arabic… or in other words, you get the money, spend it, and don’t know where on Earth did it go.  

He just came from New York a few months ago and even though he is getting paid more here, he tells me, he can’t save. He was able to save though in New York.

Read More

Tales of an Excessive Spender

I have recently come to a situation where finances have become a blocker for one of my once in a lifetime dream opportunities. It broke my heart. It completely broke me into tears, to think, that I am limited in my financial capabilities to do that one thing, I really want to do…

Read More