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What If Everyone Did It?


 

"You wanna make an omelet, you gotta break some eggs."


-"Tyler Durden" in Fight Club

 

I'm walking through the bitter cold wind to get to my economics class. I'm in college in Moorhead, Minnesota and it's very cold in the winter. I have been learning about supply and demand, opportunity costs, trade-offs, and short-run vs. long run. On this particular day I learn of a quote that says, "In the long run we're all dead."


Economics classes have always made sense to me, but I can't wrap my head around this one. Does it mean we should ignore the long run and focus only on instant gratification? That doesn't make sense to me. Does it mean in the long run each individual is going to be dead? What about future generations or the economy as a whole?


This is the first time I've disagreed with something I learned in economics class.



short run shaky, long run stable


Personal Finance Is Hard


The basics of personal finance are quite simple. Spend less than you make, save for the future, manage your risks, and don't do anything dumb. Ideally we would all use our money to support living a life that fulfills us and is aligned with our values.


The thing is, many people struggle to achieve a healthy relationship with money for one reason or another. Besides the internal struggles we all face, there are external pressures working against us. I'm sure you've heard "economic reports" telling you that consumer spending is up (down) and that's good (bad) for the economy. During recessions we're told we need to spend our money to keep the economy afloat. We do it, because we tend to look for a