We’ve all thrown away the cheap frying pan and the broken umbrella that initially seemed like a great deal in the store. Whether it was the buy-one-get-one-free, the red price on the tag, or the pressure of a friend telling us “it’s only $10,” somehow we’ve all been maneuvered into buying things that break, wear, tear, and honestly just weren’t worth it. This article will explore why bargain hunting can lead to excessive accumulation and the psychology of why viewing purchases as investments eliminates noise, rush, and clutter in our lives.
The first problem arises in the craze of bargain hunting. While finding a great deal can sometimes be fun, this concept has been sensationalized to form a community of coupon-cutting and barcode-scanning fanatics. Entire financial blogs, apps, and even television shows are dedicated to fueling this lifestyle of price-matching and finding the best deal. Yes, taking advantage of coupons or finding less expensive alternatives can be a convenient way to save money. But the bargain hunting habits have the potential to consume time and energy that could be spent in more meaningful areas of life. And many times, the bargains can be deceiving or unnecessary purchases anyway. So why all the attention on coupons and bargains and great deals? One word: control.Read more →
The fear of bad news often prevents us from sustaining healthy lives. We cancel our dentist appointments the day before so we don’t have to hear if we’ve acquired new cavities. We avoid stepping on the scale so we don’t have to acknowledge the extra piece of birthday cake we somehow “misplaced.” And some of us ignore our bank statements so we don’t have to panic or feel overwhelmed with guilt when we go out for dinner with friends that evening.
This behavior is common, but it also can be crippling when it comes to financial health. The idea of “ignorance is bliss” might resonate with most of us and seem like a good approach when it comes to avoiding financial stress, but realistically, preparedness is security. And ignorant “bliss” isn’t really all that blissful when every time we swipe a card we wonder if we’re cutting it too close. Responsible and financially sound people should never voluntarily choose to live in ignorance.
For those of us wanting to live simpler lives and take ownership of our finances, it’s time to call out this behavior for what it is: avoidance coping. Read more →
A Florida family announced they recovered $1 million worth of sunken treasure from the Spanish treasure fleet’s shipwrecks off the coast of Florida. Today also marks the 300th anniversary of the shipwrecks. The Schmitt family kept their findings a secret for nearly a month from the public, but finally held a press-conference to announce their discovery and allow the public to view photos of the recovered coins.
The Schmitts are subcontractors to 1715 Fleet – Queens Jewels LLC. Among the findings are 51 gold coins, 40 feet of intricate gold chain, and one extremely rare coin that is worth more than half a million dollars alone. This particular coin is “called a Royal made for the king of Spain, Phillip V.” A news release reports that only a few are known to exist and the coin, also called the “Tricentennial Royal,” bears the date 1715.
Brent Brisben and his father, William Brisben, manage all of the historic shipwreck salvage operations through Queens Jewels LLC. Brisben said he, the Schmitts, and the treasure will be featured Fox News on Wednesday morning.
Of the 11 ships that sank off the coast of Florida 300 years ago, Brisben said the 1715 Fleet “has positively identified six of those ships,” according to Florida Today.
“Five more are remaining,” Brisben said in a Florida Today article, “with an estimated $400 million worth of treasure still out there.”Read more →