It's Not Cool to be Frugal...

AT least for me. The word frugal implies being a miser. I prefer a better term: economical. IT implies wise use of finances while beign well off.

Btw, my purpose for writing this short post is to share a cool term I found from Investopedia...term of the day

Frugalista

What Does it Mean? People who keep up with fashion trends without spending a lot of money. Frugalistas stay fashionable by shopping through alternative outlets, such as online auctions, secondhand stores and classified ads. They also reduce the amount of money spent in other areas of their lives, such as by growing their own food and reducing entertainment expenses. This is a popular term during recessions.

Posted via email from Elevic Pernis @ Posterous

Rare Photos of Manny Villar When He Was Poor - A Parody

Disclaimer: I do not own the images nor did I made them. I just want to share them because it is a comic relief.

Taken from http://pinoyexchange.com/forums/showthread.php?t=423330

P.S. I considered voting for Villar before, but I will not.

P.P.S. It is not because I fear that he will plunder this nation, nor because I distrust businesspeople.

P.P.P.S. I view it in light of Hayek's Knowledge Problem.

P.P.P.P.S. He claimed that because he had a successful experience in business, he could do the same in government.

P.P.P.P.P.S. Nothing could be further from the truth. A person no matter how intelligent he is cannot run the economy efficiently. The task of resource allocation and capital formation must be left to private hands and the free-market.

P.P.P.P.P.P.S. He claimed that he will promote entrepreneurship. DUH! Entrepreneurs and governments are always at odds with each other. Sen. Villar will have a better job doing that when he returns to the private sector. Also, the best way to promote entrepreneurship is to repeal the socialistic and pro-labor provisions in our laws and Constitution.

See and download the full gallery on posterous

Posted via email from Elevic Pernis @ Posterous

A Funny Marx vs Mises GIF

economicsmmo.gif

Posted via email from Elevic Pernis @ Posterous

Excerpt: Of Time and Marshmallows by J. Grayson Lilburne

.....

Time Preference and Action

The phenomenon of interest occurs because of the simple fact that, other things being equal, people prefer satisfaction sooner rather than later. This universal feature of acting man is called "time preference." Time preference can even be seen in the behavior of children, as in the seminal "marshmallow experiment" conducted at Stanford University.

.......

By virtue of their closeness in time, present goods always have a premium in relation to future goods, other things being equal. This premium is called time preference, and it varies from person to person. Another way of saying the same thing is that, by virtue of their remoteness in time, future goods always have a discount in relation to present goods, and this discount varies from person to person. Craig and the other children who did not wait exhibited a higher time preference than Carolyn and the other children who did wait. In other words, they placed a higher premium on "now," or a higher discount on "later."

....

http://mises.org/daily/4011

Posted via email from Elevic Pernis @ Posterous

My YesThursday Offer

I'm thinking of giving away my special offer for SchizoFAIRnia 4: YESTHURSDAY. I shall be finalizing it this weekend. 

This is my way of appreciating music lovers out there.

Speak soon.

P.S. While waiting for my incredible offer, please become a fan of YESTHURSDAY on FACEBOOK

P.P.S The URL is http://www.facebook.com/pages/Yesthursday/241091140831

P.P.P.S. Becoming a fan of YesThursday is free. There's no hidden agenda here.

P.P.P.P.S. If all your life has been SH*&, then becoming a fan is your first step of ESCAPING your CYCLE of LAMENESS (Kern, 2008)

P.P.P.P.P.S. I also joined a contest where you will win by having at least six post scripts.

P.P.P.P.P.P.S. I won!!! :)

Posted via email from Elevic Pernis @ Posterous