COAD: I don’t believe the adage “What you don’t know can’t hurt you?” Whoever said that was a complete and total moron.
Dad, in your book you discuss the difference between being cheap and being frugal. What is the difference?
COAD: Cheap people focus on price first. Frugal people focus on quality. One common denominator they both share is that they control how much money they spend.
COAD: Sadly, many people will participate in this insanity called “Black Friday” because they prefer to display their love for people by purchasing material items.
COAD: Delayed gratification means learning to give up temptation for long-term benefit. There are a multitude of hidden benefits associated with practicing delayed gratification and if you take the time to realize the huge significance it can have on your life, you’ll soon begin to practice it with ease and reap the immense benefits that come with it.
COAD: Your impulses are largely focused around getting gratification in the moment. If you want to experience the best life has to offer, you can’t be focused on short-term impulses.
COAD: I’m glad that you bought the shoe on sale, but, you should consider whether you saved $100 or spent $300 on something you did not need.