2/ And a final argument against it: we are what we train ourselves to be There is a case to never borrow money to reenforce the strength of the Chesteron Fence / Schelling point. Create the image of being debt free as an investment for later!
-
-
Show this thread
-
3/ I disagree, surprisingly! well, not absolutely, but generally. That's retarded, Morlock, how can you disagree that "individual circumstances trump general advice?"https://twitter.com/sonyasupposedly/status/1168622994463195136 …
Show this thread -
4/ Well, OK, I don't absolutely disagree. I mean, I'm going to retain the right to make my own decisions overriding heuristics, at least much of the time BUT reason why is that we all have cognitive biases and are prone to exaggerate to ourselves how much we depart from norms
Show this thread -
5/ Every single heroin addict saw a general rule that said "heroin is bad, you'll get addicted" and thought "yeah, but that's the GENERAL case, man - I'm not like that". So when you're tempted to override general advice with your specific circumstances, realize that you're >>
Show this thread -
6/ already biasing every piece of data that you have hard to one direction. ...so I suppose my fully nuanced position is that you have to ride herd on yourself, expect irrational exuberance, and correct for it.
Show this thread -
7/ Sonya, your brain lied to about the fact that brains lying to you is obvious! (Brains are the sneakiest mofos ever)https://twitter.com/sonyasupposedly/status/1168624740468060160 …
Show this thread -
8/ My socialcon position is "people are bad at handling all sorts of things, and lucky us, we have ~6,000 yrs of evolved cultural norms based on thousands of scenarios and billions of lives, and to discard this for the computations of a lone 20yo is bad"https://twitter.com/sonyasupposedly/status/1168624967585386496 …
Show this thread
End of conversation
New conversation -
-
-
A lot of ordinary people cannot borrow at near zero, despite the interest rate being zero on their savings. Retailer financing allows this borrowing rate to pass through to the customer.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
this may change, but from what I've read these services go WAY easier on you than a credit card, and the ones I've looked into more thoroughly haven't had compound interest
-
makes the most sense if e.g. you can't afford a $1000 mattress right now but you can make 10 payments of $100 over the next year. (not being able to afford a $1k one-off is obviously less than ideal, but that's reality)
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.