The Hedonic Value of Money

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"I think one of the best arguments I've heard is that people have this kind of hedonic value, ego value associated with the number that they don't lose a tashmo with," says David Frum. "The abstraction of money takes you away from what it was for, right? So it's first like instant, like the money goes in and turns into a beer." He adds: "You never really attach this abstraction towhat it was for to fulfill you"

Bill Perkins is a hedge fund manager, high stakes poker player, film producer and an author.

What if the true path to financial fulfilment doesn’t lie in saving every penny, but rather in spending it as effectively as you can? Delayed gratification in the extreme results in no gratification, and Bill's book Die With Zero is one of the best financial philosophies I've ever come across.

Expect to learn how to maximise your existence for positive life experiences, why you should give your kids their inheritance when they're 30, the most common errors people make about money, why it’s so hard for some of us to spend, the brilliant concept of ‘consumption smoothing’, what Sigmamode grindset-ers are getting wrong about work-life balance, how to plan your life in terms of seasons and much more...

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