A Quote by Richard Thaler
Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to get people to be saving more for retirement. Behavioral economics has helped us learn a lot about how to do that.
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Like, people are less likely to invest in their retirement when they have more options in their 401K plans than when they have fewer.
Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring out how much to save - and requires self-control.
The more people that learn about you, even if you're an underdog, then you can come under fire a lot and the more attention you get and the more threatening or dangerous you appear to people. And the more people try to knock you down.
I'm hoping there's cohesion in these tracks. Some of them were made weeks ago, some were made in 2010, but they've all stood out as one big thing I want to give to everyone. The concept behind No Plans references a few of concerns: having no plans with school, no plans with jobs, and no plans for the future. I'm hoping these songs can help you forget about those concerns, at least for 30 minutes of your day.
Open office plans, cell phones, constant notifications: these are all things that fight against sustained attention on a task. For some people and some tasks, that doesn’t matter. But for a lot of important work, it matters a lot.
I've heard people say that God is the gift of desperation, and there's a lot to be said for having really reached a bottom where you've run out of any more good ideas or plans for everybody else's behavior; or how to save and fix and rescue; or just get out of a huge mess, possibly of your own creation.
The more adaptability exists for a given kind of decision, the less risky it is to make plans for the future, and therefore the more likely it is that more people will make more plans in such areas.
Connectivity doesn't just mean you get a lot more chances to deliver messages about customer service and pricing plans. This isn't one-sided. It enables people to talk back.
When I lost my first record deal, my wife and kids and I lost - I wouldn't say friends, but - we lost a lot people around us. They just vanished! They were nowhere to be found. I couldn't get a break, and I couldn't get people to even respond to my emails about songs, no matter how good something was.
A lot of MTV's programming is hip-hop based, and the messages are usually all about bling bling. A lot of hip-hop artists sing about stuff that's more important, but they seldom get heard. The ones who get heard are the ones saying, 'Think about yourself. Make your money. It's all you. Everybody have a good time and party.'
People need such a small amount of money to deal with their own daily life. Because wherever I went to school they taught me about millions of dollars. I dealt with billions of dollars in national plans and investment plans and so on. Not this tiny money, $27 for 42 people.
The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.
A lot of artists are much more concerned about how their work is used and how it's disseminated. That, to artists, is as important as the money, for some people.
Absolutely invest in retirement. You can always get a loan to get kids through school. I do not know of any loans to get you through retirement. The markets are seriously low from where they were (even though they've gone up 30 percent recently). Now is the time to be dollar cost averaging; the more money you put in, the more shares you buy. Save for your retirement, people.
In some ways I think it [the strike] was important. I'm not sure that "worth it" is the right term, but it was important. A lot of people lost a lot of things - I was greatly concerned for our crews. Those are the people who really sort of paid. A lot of us in quiet ways did everything that we could to help people pay mortgages.
I think Billy Ray has a lot of great stories up his sleeve. I've heard a lot of his plans for the show, should it go forward, and I think there's a lot in store for people, if it's given a chance.
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