The Extreme Exposure To Abundance, Scarcity & Choice.

in LeoFinance2 years ago

The act of wasting money is something that wasn't practical to me, it was a form of the holy grail because it was majorly meant for people who had the will to enact their desires.


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Will in this in instance, translates to money. I felt like it was a luxury that came with being irresponsible to a certain extent, but when I grew older, I came to understand that this wasn't true.

Being grossly irresponsible with money doesn't necessarily correlate with our values or prudence. It is something that happens when we make attempts at making tough calls in life and being in difficult situations.

In life, we often underestimate our survival skills but one thing we don't know is that these skills are most relevant, when we're faced with extreme scarcity.


The proportional Exposure To Abundance & Scarcity

This is the same with being faced with extreme abundance, the last part we fail to understand is that we're most vulnerable to making mistakes with money, our financial discipline and economic principles are like to be compromised when we're faced with little needs and we're spoilt with a handful of choices.

This is how big companies tend to take money away from people. Our power to consume is enormous but we're originally limited by our will.

Sometimes we're comfortable with being in lack because it takes away our excesses, but the thing is that irrespective of our financial discipline, there are people who are continually studying ways to make money off our hands, even if we're the ones making the decision.


Studying & Selling Extremities

The world of supply and demand is deceptive, we have people who are willing to sell extremities to us whilst marketing them as our needs. They're in colleges, studying the psychology of marketing, to understand human consumer behavior, its intricacies, and the biggest ways to exploit it.

we might think the reason for this is for better understanding and servicing but then, the underlying reason is to make a profit at all costs. In life, being wealthy takes extreme measures, this is why most big techs will never tell you they're selling your data.

We live in a world where we are fed with endless choices, but we don't necessarily feel this is bad because we're domineering, it's not in our nature to be sequestered by limitations.


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AI Marketing & Advertising: Comfort Or Exploitation?

Here's A Shocker

The concept of advertising isn't meant to give people the answer to their problems, it's part of sophistication though, the new age we are in the age of AI marketing it's meant to bring people to a point of realization and since this is comfortable and revolutionary.

It takes power and gives it to the manufacturer, allowing them to determine the things we need in life to thrive.

Sometimes, we can feel ourselves budgeting, trying to stay within a spending range but at the end of the day, we never do. When I was younger, we had a shopping list and this isn't because my parents wanted me to remember everything we were buying, the reason for this was that we wanted to stay within a range.


Choices: Are We Really Free?

No... But why?

The value we accorded to money was proportional, we had to keep it tethered to our monthly incomes and due to this, people were prudent even without planning to be. However, it's different nowadays. The plan to be prudent is often foiled by incessant exposure to numerous choices, advertising, and inflation.

The truth is that there are huge disadvantages and downsides to sophistication but we'll continue to have the advantages it brings us. We live in a world where control is beneficial.

However, we like to live in the illusion that we're free irrespective of the fact that it's visible that some of our choices are what we initially planned or wanted. However, it's even difficult to classify what we want, need, or even desire and this is because of the change in our mode of preferences, which is determined by the external influence of exposure. However, can we change this?




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You know that saying: "If its free, you're the product (Facebook comes to mind). Making a list (and checking it twice) reminds me of that time years ago when I did an audit of my spending and found I was paying over $100 a month on magazines alone.

Instead of getting a subscrption, I was picking them up at bookstores after work. Turns out it was cheaper to get my fix or Wired annually, than it was to overpay at the stores.

That $29 budget tracking software saved me hundreds of dollars that year which could then be used for other purposes. It gave me the opportunity to invest more in myself and that's always a good bet.

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That $29 budget tracking software saved me hundreds of dollars that year which could then be used for other purposes. It gave me the opportunity to invest more in myself and that's always a good bet

Ha haaa that's doing it the hard way. I wonder, what if you hadn't chosen to be cognisant that's how you'll keep spending the extra dollar on something you could have done for far lesser. It's absolutely crazy.
I guess, we need to switch it up, balance our finances by doing these audits sometimes. It's the absolute good bet if you ask me.

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You know what? It was easier (too easy) to pickup those mags in the store instead of waiting for them to arrive in the mail or bothering to setup a digital account.

I was making decent money then but wondered where it was all going. Quicken tracked everything and illuminated where the waste was. The amount I spent each month on chips for example was insane! :) But I'm glad I learned from all that and ended up making better choices as a result. :)

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Well, I think sometimes we make money and we don't even know how we spend it. This can be consciously or unconsciously.

But there are some things we could do in life that could save us money but the only thing is that we do not even pay attention to these things because we are not just conscious enough. There are times I spend ridiculous amount of money on internet.

Most of the times I spend over 2 to 3 weeks trying to cut cost on internet. Because I also realise that even spent more money on internet than even feeding. Some of these things are crazy you know.

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Exactly, some good observations. Psychology is at the heart of "effective" business practices. Having a keen understanding singles you out from the herd and enables you to view things more objectively... and accurately.

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Thanks for seconding, I think marketing is all about Psychology. Understanding the human mind plays a vital role in business and effective Profiteering, this is why I think advertising and the tactics that comes with it might become more diabolical in the future.

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I read this post an hour after you posted it and I have been thinking about everything you said. Especially the part where you mentioned these people are studying ways by which they can extract money from us with or without our permission.

Our exposure to all of their advertisements makes it difficult for some of us to say no. And before we know it we give our power to them by pushing the buy button, after all, it has gotten easier to do that by just filing in our debit card details and everything else will be worked out.

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Especially the part where you mentioned these people are studying ways by which they can extract money from us with or without our permission.

That's how modern advertising is, I mean, it's by hook or by crook. Since the aim is to make profit, these people take time to study their fellow humans, their excesses, strength and weaknesses. Your chances of saying no to their schemes is difficult, this is why we plan but find it difficult to stick within the range especially when we have the financial power to do so.

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I like how you said 'especially if we have the Financial power to do so.'

Makes me remember a solution to impulse spending that I read in a certain book once.

The author said if we are always spending everything we earn and return to the poverty level then we can channel that desire to spend by sending the funds to an investment portfolio. That way when the urge to spend comes, there will be nothing to spend. And we will rest.

I don't know if you understand. You know how most people would always spend heavily when they have huge balances and when the money dries up they start managing. And it makes you wonder why they can't manage when the money is huge but are good managers when it dwindles to the bottom.

It happens to everyone including me. And when I found the solution in that book. I used it. I let my money locked up somehow so that if it's 5k I have left in my account, my managing spirit will kick and thrive.

I think this is what everyone should do. But I can't dictate how anyone should live their lives though... I have tried being a Financial dictator a couple of times and it never ended well between me and the different folks receiving the advice.

At the same time, when I think if I losing out by living like this seeing that the rest of the people around aren't, I remember two individuals that this long-term mindset is working for..... and that's you and tarazkp....both of you have influenced the way I see money, spending, saving, investing, working to make ends meet, shutting out instant gratification, etc.

Oh my, I digressed. I am sorry.

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