My notes: One of the most fascinating phenomenon in human psychology is called “victim blaming”. Victim blaming is a side effect of our need to believe that the “universe” is fair and just. So if something bad were to happen to someone, it’s because he/she did something wrong.
A woman was raped? That’s because she “tempted” the man. And in this case, the poor are poor because they “chose to be so” or “are lazy”. Continue reading…
If you ever eat pizza, always get the biggest size possible – at least according to this study. The chart above, generated from 74,476 pizza prices by 3,578 American pizza places, shows that as the pizza gets bigger, the price per square inch becomes cheaper.
And the reason is simple. It all boils down to math: a 16-inch pizza is actually four times larger than an 8-inch one, not twice (which is what most people intuitively think it is).
Of course, the study assumes you’re going to finish what you ordered. And if you can only stomach so many slices, you should get the smaller one. Or do what I do: pack it up and eat it again in the office.
Say you’re looking to travel overseas in September. When should you buy your ticket?
As early as possible – because the airlines want to fill the seats as soon as possible and therefore will sell the tickets at a lower price?
Or should you wait it out, because when they can’t sell the seats, they’ll discount them to avoid lost revenue?
Well, the good folks at CheapAir.com uses data to answer that question – so now you know.
Remember when we wrote about how the 85 richest people are as wealthy as the bottom 3.5 billion?
Well, a new article by CNBC reported that apparently, the world’s wealthy are now worth $6.4 trillion. That’s UP from $5.4 trillion last year.
That’s a lot of money. But how much is “a lot”?
Well, according to this list, $6.4 trillion is more than the GDP of every country in the world, except for the US and China. And you know Australia’s national debt of $500 billion? That’s barely 8% of their wealth.
Heck, you know how people are freaking out about the US $17 trillion national debt imploding and bringing down the world economy? These guys can pay all of that off and still have change.
Check out the video below for a visualization of how much a trillion dollars really is. Sometimes you can understand an abstract concept, but don’t really get it until you see it.
Now to buying Mayfair and Park Lane…
15 years ago, if you wanted to be a business owner, you needed a shop front. Then you needed to furnish it and hire people to help you out with it.
To get the word out about your new business, you needed to go through these intermediaries – called the media – and pay them a bunch of money to run your ads. And if you don’t know what you’re doing, you needed to hire a consultant, or look for a mentor, who again, comes with a hefty fee.
To top if off, you had to do all these without funding or go deeply into debt, borrowing from friends and family or god-forbid the bank – angel finance and venture capital didn’t exist. And if you then failed at your venture, people actually look down upon you.
It wasn’t easy.
LATEST: This alert has been included by the Australian Government StaySmartOnline initiative with a high priority. You can also read the developments which lead to our alert in this news story.
In October last year, we blogged about our fraud alert service – an added layer of protection for Pocketbook users. There’s a new global fraud that’s currently unfolding and we have seen our users affected. You should be aware too.
Today’s the big day people. Got everything in line?
We received more than 160 entries for this modest giveaway and some 130 people telling us what they’ll be doing tomorrow. And if you haven’t read the comments, check out the original post.
As of March 12 this year (just 4 weeks away), the Australian laws for credit reporting is changing. Most people (60% according to the Australian Retail Credit Association) don’t know about this change, and it is perhaps the most significant legislation change to your personal finances in your lifetime.
So it’s worth sitting up and taking notice…
