Owe Your Banker £1,000 and You Are at His Mercy; O
Published
Published
Author
2024-10-11
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Book Name
Owe Your Banker £1,000 and You Are at His Mercy; O
Modified
Last updated October 23, 2024
Summary
Created time
Oct 23, 2024 03:53 PM
🎀 Highlights
imagine if you borrowed a toy from your friend, just one single toy. If you didn't give it back, your friend might get really mad. But, what if you borrowed their whole toy box? Suddenly, they might think they need to treat you nicer! It's like saying: if you owe a little, you're in trouble. But, if you owe a lot, they might be the ones in trouble!
When users have a small problem, they feel overwhelmed and hesitant. But with bigger issues, they often believe they have more power to make changes.
Recommended Reads and Media “The General Theory of Employment, Interest, and Money” by John Maynard Keynes - Dive deeper into Keynesian economics! “The Psychology of Money” by Morgan Housel - Understanding the emotional side of financial decisions. Documentary: “Inside Job” - An insightful look into the financial crisis and its impacts.
If you owe a bank enough money you own it.
imagine if you borrowed a toy from your friend, just one single toy. If you didn't give it back, your friend might get really mad. But, what if you borrowed their whole toy box? Suddenly, they might think they need to treat you nicer! It's like saying: if you owe a little, you're in trouble. But, if you owe a lot, they might be the ones in trouble!
When users have a small problem, they feel overwhelmed and hesitant. But with bigger issues, they often believe they have more power to make changes.
Recommended Reads and Media “The General Theory of Employment, Interest, and Money” by John Maynard Keynes - Dive deeper into Keynesian economics! “The Psychology of Money” by Morgan Housel - Understanding the emotional side of financial decisions. Documentary: “Inside Job” - An insightful look into the financial crisis and its impacts.
