Minimalism and the Sunk Cost Fallacy

Minimalism and the Sunk Cost Fallacy

This is a short discussion about a simple misconception that most people have about selling an item that you no longer need for a loss.  Most of us, me included, often have some discomfort in doing this, but it is mainly because we fall prey to the Sunk Cost Fallacy.   Understanding the Sunk Cost Fallacy will help you to resolve this discomfort and more easily […]

Seeking Happiness……You’re Doing it Wrong

Seeking Happiness……You’re Doing it Wrong

I have been reading Seneca’s letters to Lucillius lately and today’s letter was a good one.  Even though Seneca lived 2,000 years ago, his thoughts are as relevant today as they were then.  Today’s letter focused on living by “nature” versus living by “opinion.” (natural versus opinion related needs) One of the central themes of Stoic philosophy is to live in accordance with nature.  The […]

1 Comment

Plain Living of the Stoics, the Original Minimalists

Plain Living of the Stoics, the Original Minimalists

The idea that minimalism is self-deprivation is, I believe, incorrect.  Self-deprivation has been around for millennia, starting with the ancient ascetics who owned nothing but a threadbare wrap and a begging bowl.  The idea was to give up everything and to suffer, to use suffering as a way to enlightenment.  Suffering is not the point of minimalism.  What good is minimalism if it does not […]

1 Comment

Filter Your Way to Minimalism

Filter Your Way to Minimalism

A filter is an object that is used to separate things.  You push stuff through a filter and some goes through and some gets filtered out.  What gets filtered out depends on the filter.  It occurred to me the other day that this is a good analogy for how I went about getting rid of about 95% of what I owned. I started with a […]

4 Comments

Rich or Poor?

Rich or Poor?

  My wife and I have a little inside joke, “Are we rich or are we poor?”  I retired at 48 and never have to work again, so we must be rich, right?   But we have only 1 car, live in a studio apartment, and have a grand total of $100 worth of furniture, so we must be poor, right?  We live in a very […]

Leave comment

Minimalism and Sunk Costs

Minimalism and Sunk Costs

Thinking about sunk costs today. It is a business term that can be applied to stuff. Many people have anxiety about getting rid of stuff because of what they spent on it, even if they are going to sell their stuff on Criaigslist. The thought is, “I can’t sell that I spent too much money on it and I’ll lose too much!” That is not […]

4 Comments