Quote

The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.

Dan Ariely

Change background

T
T
T

Change font

TAGS & TOPICS

Dan Ariely
Age: 57
Born: 1967
Born: April 29
Economist
Pedagogue
Professor
Psychologist
University Teacher
Writer
New York City
New York
Make
Year
Fully
Think
Goal
Debt
Thinking
Simple
Lifetime
Approaches
Like
Rather
Cost
Cheap
Understand
Approach
Incredibly
Feel
Creating
Provide
Feels
Mistake
Companies
Years
Company
Basically

More quotes by Dan Ariely

Image
I don't think we should go around life and being miserable all the time and feel the pain of paying. It's a question of what categories we want to spend more on and what categories we want feel that we are spending too much on and we want to cut down.
Dan Ariely
Image
We have very strong intuitions about all kinds of things — our own ability, how the economy works, how we should pay school teachers. But unless we start testing those intuitions, we’re not going to do better.
Dan Ariely
Image
When we save, everybody in the household is just suffering. By having the coin in a visible way, when you scratch, you can say the person that is in charge of the making money for the family is doing the right thing.
Dan Ariely
Image
Thinking is difficult and sometimes unpleasant.
Dan Ariely
Image
The experiments show quite clearly that, as you resist more and more temptation, you're actually more and more likely to fail.
Dan Ariely
Image
A very simple bad decision is to get into debt. And that is very expensive.
Dan Ariely
Image
that when given the opportunity, many honest people will cheat.
Dan Ariely
Image
What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down.
Dan Ariely
Image
If you ever go bar hopping, who do you want to take with you? You want a slightly uglier version of yourself. Similar ... but slightly uglier.
Dan Ariely
Image
It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit.
Dan Ariely
Image
I don't know what exactly the translation is but when we do consume something now, something else has to give at some point.
Dan Ariely
Image
But suppose we are nothing more than the sum of our first, naive, random behaviors. What then?
Dan Ariely
Image
Honesty is a complex and tricky thing, and we don't want to be honest all the time.
Dan Ariely
Image
The problem with opportunity cost is that opportunity cost is divided among many, many things.
Dan Ariely
Image
When you're in pain, tomorrow doesn't exist - just the pain - and the only thing that you want in the world is for it to go away.
Dan Ariely
Image
When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.
Dan Ariely
Image
Money is a wonderful invention. It lets us save, it lets us specialize, right? I couldn't be a professor if there wasn't any money. Every day I would have to raise chicken and bread and broccoli and go ahead and spend all my time trading. So, money is a wonderful mechanism.
Dan Ariely
Image
When parents have college savings accounts for their kids, their kids show higher social and cognitive performance.
Dan Ariely
Image
It was shocking to realize how many low-income Americans don't have savings accounts.
Dan Ariely
Image
With everything you do, in fact, you should train yourself to question your repeated behaviors.
Dan Ariely