March 7, 2024
1 books · 6 highlights · 1 notes
Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence
Fisker, Jacob Lund
“house of cards”
9:42 AM
House of cards: In this document, the term "house of cards" is used to refer to an activity that is equally arduous as completing a marathon or a PhD. It suggests that the activity is delicate and requires a high level of skill and concentration. The phrase may also imply that the activity is built on existing knowledge or skills, much like how a house of cards is built using existing playing cards.
✎ NOTE
“The most common counter-arguments are that the barriers to the proposed behavior are too high”
10:16 AM
“The second most common counter arguments are that the benefits of the proposed behavior are too low”
10:16 AM
“• the benefits of the proposed behavior (see [Foundations of economics and finance](#filepos545003)). • the surmountability of the barriers to the proposed behavior (see [A renaissance lifestyle](#filepos342806)). • the marginal benefits of the competing behavior (see [The lock-in](#filepos62218)). • the foolhardiness of the barriers to the competing behavior (see [The lock-in](#filepos62218)).”
10:16 AM
“Barriers represent a cost which must be paid. The willingness to pay depends on a combination of dissatisfaction with the present situation, vision of the future situation, and the practicality of changing from the present situation to the future situation”
10:19 AM
“• Increase your dissatisfaction with present situation. • Strengthen your vision of future situation. • Build a plan to get from the present to the future. • Lower the perceived cost of the plan.”
10:30 AM