- everytime you earn more, save more.
- monthly saving is difficult, present bias (immediate gratification) makes you think of how you have to give up something now
- we think about saving in the present, but spend in the long run. We diet today, eat tomorrow
- speaks of checking the box during an organ donor situation in licence aquisition. Germany shortage - you have to check the box to say yes. Austria you have to check the box to say No... they have organs for Africa. In terms of saving... create a situation where people have to opt out. Opting out takes effort.
- if you say, Yes, I want to save, that's half of the effort. Next automate the process.
- if you defer saving to when you get a raise, then it's a small percentage of that extra
- making the decisions around saving are complex, too many points to consider
- 1 in 10 Americans save enough
- Singaporeans spend average $4000 per year on lotto. Americans $1000.
"Here's a novel idea to save the planet: Remove the main cause of its woes - homo sapiens. The Voluntary Human Extinction Movement (VHEMT - pronounced "vehement") proposes the phasing out the human race. "When every human chooses to stop breeding, Earth's biosphere will be allowed to return to its former glory, and all remaining creatures will be free to live, die, and evolve (if they believe in evolution)," offers the movement's website. But 'it's going to take all of us going'." See www.vhemt.org SOURCE: Email invite. I thought I was the only one who thought like this. Everyone I know thanks the universe that I didn't study microbiology. I would have developed a human-specific killer virus. WE are the vermin.
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