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Archives for July 2018

Inspirational Quotations #747

July 29, 2018 By Nagesh Belludi

Who controls the past controls the future. Who controls the present controls the past.
—George Orwell (English Novelist, Essayist, Journalist)

Living a connected life leads one to take a different view. Life is less a quest than a quilt. We find meaning, love, and prosperity through the process of stitching together our bold attempts to help others find their own way in their lives. The relationships we weave become an exquisite and endless pattern.
—Keith Ferrazzi (American Author)

The more you think you know, the more closed-minded you’ll be.
—Ray Dalio (American Investor)

No one ever won a chess game by betting on each move. Sometimes you have to move backward to get a step forward.
—Amar Bose (American Entrepreneur)

There are no such things as limits to growth, because there are no limits to the human capacity for intelligence, imagination, and wonder.
—Ronald Reagan (American Head of State)

Don’t be sad, don’t be angry, if life deceives you! Submit to your grief; your time for joy will come, believe me.
—Alexander Pushkin (National Poet of Russia)

In the study of one’s personal language and self-talk it can be observed that what one thinks and talks about to himself tends to become the deciding influences in his life. For what the mind attends to, the mind considers.
—Sidney Madwed (American Poet, Author, Public Speaker)

Tragedy isn’t getting something or failing to get it, it’s losing something you already have.
—Euripides (Ancient Greek Dramatist)

There should be neither a women’s movement blaming men, nor a men’s movement blaming women, but a gender liberation movement freeing both sexes from the rigid roles of the past toward more flexible roles for their future.
—Warren Farrell (American Educator, Activist)

The past is the one thing we are not prisoners of. We can do with the past exactly what we wish. What we can’t do is to change its consequences.
—John Berger (English Art Critic, Essayist, Novelist)

It is not the language of painters but the language of nature which one should listen to the feeling for the things themselves, for reality, is more important than the feeling for pictures.
—Vincent van Gogh (Dutch Painter)

Success in business does not depend upon genius. Any young man of ordinary intelligence who is normally sound and not afraid to work should succeed in spite of obstacles and handicaps if he plays the game fairly and keeps everlastingly at it.
—James Cash Penney (American Entrepreneur)

Miracles are a retelling in small letters of the very same story which is written across the whole world in letters too large for some of us to see.
—C. S. Lewis (Irish-born British Children’s Books Writer)

Great genius takes shape by contact with another great genius, but, less by assimilation than by fiction.
—Heinrich Heine (German Poet, Writer)

Most “necessary evils” are far more evil than necessary.
—Richard Branson (British Entrepreneur)

Happiness is not in our circumstances, but in ourselves. It is not something we see, like a rainbow, or feel, like the heat of a fire. Happiness is something we are.
—John B. Sheerin (American Catholic Columnist, Editor)

Filed Under: Inspirational Quotations

Inspirational Quotations #746

July 22, 2018 By Nagesh Belludi

Temperance is simply a disposition of the mind which binds the passion.
—Thomas Aquinas (Italian Catholic Priest)

The first responsibility of a leader is to define reality. The last is to say thank you. In between the two, the leader must become a servant and a debtor. That sums up the progress of an artful leader.
—Max De Pree (American Businessman)

The truth is that we live out our lives putting off all that can be put off; perhaps we all know deep down that we are immortal and that sooner or later all men will do and know all things.
—Jorge Luis Borges (Argentine Writer)

Learning is acquired by reading books, but the much more necessary learning, the knowledge of the world, is only to be acquired by reading men, and studying all the various facets of them.
—Earl of Chesterfield

It’s tough to make predictions, especially about the future.
—Yogi Berra (American Sportsperson)

To emancipate woman is to refuse to confine her to the relations she bears to man, not to deny them to her; let her have her independent existence and she will continue nonetheless to exist for him also: mutually recognising each other as subject, each will yet remain for the other an other. The reciprocity of their relations will not do away with the miracles—desire, possession, love, dream, adventure—worked by the division of human beings into two separate categories; and the words that move us—giving, conquering, uniting—will not lose their meaning. On the contrary, when we abolish the slavery of half of humanity, together with the whole system of hypocrisy that it implies, then the ‘division’ of humanity will reveal its genuine significance and the human couple will find its true form.
—Simone de Beauvoir (French Philosopher)

Whatever results you’re getting, be they rich or poor, good or bad, positive or negative, always remember that your outer world is simply a reflection of your inner world. If things aren’t going well in your outer life, it’s because things aren’t going well in your inner life. It’s that simple.
—T. Harv Eker (American Motivational Speaker)

Think twice before you speak, or act once, and you will speak or act the more wisely for it.
—Benjamin Franklin (American Political leader)

Good questions outrank easy answers.
—Paul Samuelson (American Economist)

History is the enactment of ritual on a permanent and universal stage; and its perpetual commemoration.
—Norman O. Brown (American Philosopher)

We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.
—John F. Kennedy (American Head of State)

Did you ever observe to whom the accidents happen?. Chance favors only the prepared mind.
—Louis Pasteur (French Biologist)

Filed Under: Inspirational Quotations

Inspirational Quotations #745

July 15, 2018 By Nagesh Belludi

Pop artists deal with the lowly trivia of possessions and equipment that the present generation is lugging along with it on its safari into the future.
—J. G. Ballard (English Novelist)

I learned…that inspiration does not come like a bolt, nor is it kinetic, energetic striving, but it comes into us slowly and quietly and all the time, though we must regularly and every day give it a little chance to start flowing, prime it with a little solitude and idleness.
—Brenda Ueland (American Journalist)

In dwelling, live close to the ground. In thinking, keep to the simple. In conflict, be fair and generous. In governing, don’t try to control. In work, do what you enjoy. In family life, be completely present.
—Laozi (Chinese Philosopher)

The interpretation of our reality through patterns not our own, serves only to make us ever more unknown, ever less free, ever more solitary.
—Gabriel Garcia Marquez (Colombian Novelist, Short-Story Writer)

There is nothing wrong with men possessing riches. The wrong comes when riches possess men.
—Billy Graham (American Baptist Religious Leader)

Forgiveness is the name of love practiced among people who love poorly. The hard truth is that all of us love poorly. We need to forgive and be forgiven every day, every hour—unceasingly. That is the great work of love among the fellowship of the weak that is the human family.
—Henri Nouwen (Dutch Catholic Priest)

The pleasure of criticism takes from us that of being deeply moved by very beautiful things.
—Jean de La Bruyere

That which causes us trials shall yield us triumph: and that which make our hearts ache shall fill us with gladness. The only true happiness is to learn, to advance, and to improve: which could not happen unless we had commence with error, ignorance, and imperfection. We must pass through the darkness, to reach the light.
—Albert Pike (American Military Leader)

What experience and history teach is this—that nations and governments have never learned anything from history, or acted upon any lessons they might have drawn from it.
—Georg Wilhelm Friedrich Hegel

The way to avoid responsibility is to say, “I’ve got responsibilities.”
—Richard Bach (American Novelist)

Self-interest is but the survival of the animal in us. Humanity only begins for man with self-surrender.
—Henri Frederic Amiel (Swiss Philosopher)

Filed Under: Inspirational Quotations

Inspirational Quotations #744

July 8, 2018 By Nagesh Belludi

Luck is what happens when preparation meets opportunity.
—Seneca the Younger (Lucius Annaeus Seneca) (Roman Philosopher)

Those who make us happy are always thankful to us for being so; their gratitude is the reward of their benefits.
—Sophie Swetchine (Russian Christian Mystic)

If the people around you are spiteful and callous and will not hear you, fall down before them and beg their forgiveness; for in truth you are to blame for their not wanting to hear you.
—Fyodor Dostoyevsky (Russian Novelist)

Grief walks upon the heels of pleasure; married in haste, we repent at leisure.
—William Congreve (English Playwright)

Manner is everything with some people, and something with everybody.
—Conyers Middleton (English Clergyman)

While you have a thing it can be taken from you… but when you give it, you have given it. No robber can take it from you. It is yours then for ever when you have given it. It will be yours always. That is to give.
—James Joyce (Irish Novelist)

A good plan, violently executed now, is better than a perfect plan next week.
—George S. Patton (American Military Leader)

Often the difference between a successful man and a failure is not one’s better abilities or ideas but the courage that one has to bet on his ideas, to take a calculated risk—and act.
—Maxwell Maltz (American Surgeon)

No one remains quite what he was when he recognizes himself.
—Thomas Mann (German Novelist)

The beauty seen, is partly in him who sees it.
—Christian Nestell Bovee

I have never met a man so ignorant that I couldn’t learn something from him.
—Galileo Galilei (Italian Astronomer)

Perfectionism is slow death.
—Hugh Prather (American Christian Author)

It takes a great deal of living to get a little deal of learning.
—John Ruskin (English Art Critic)

Intelligence recognizes what has happened. Genius recognizes what will happen.
—John Ciardi (American Poet)

It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime.
—Thomas Paine (American Nationalist)

There are many ways of going forward, but only one way of standing still.
—Franklin D. Roosevelt (American Head of State)

We know nothing of tomorrow; our business is to be good and happy today.
—Sydney Smith (English Anglican Writer)

Filed Under: Inspirational Quotations

Conspicuous Consumption and The Era of Excess // Book Summary of ‘Luxury Fever’

July 3, 2018 By Nagesh Belludi Leave a Comment

The Superrich Influence the Standards for Desirability in Consumer Goods: The Less Rich Emulate Them

'Luxury Fever' by Robert Frank (ISBN 0691146934) The core argument of Cornell economist Robert Frank’s Luxury Fever: Why Money Fails to Satisfy in an Era of Excess (1999) is that the extravagant consumption of the most affluent in our society has a ripple effect on everyone’s spending.

According to Frank, the desire for many to indulge in luxury “possessions” is motivated less by the gratification they may bring than by what others are buying or want to buy. We try to achieve happiness by improving our relative social status. For example, if your neighbor didn’t buy his new Mercedes Benz, you wouldn’t probably feel the need for the latest-and-greatest Jaguar, and you’d both work less, and spend more time with your loved ones and invest in meaningful experiences that bring you joy.

It is not just the rich who have gone on a spending spree. Middle- and lower-income earners have been spending more as well. The prime mover in this change may have been the increased spending of the superrich but their higher spending level has set a new standard for the near-rich to emulate, and so on down the income ladder. But although middle- and lower-income families are spending much more than in the recent past, the incomes of these families have not been growing.

While the rich have the money to indulge their whims, the rest of us tend to finance our wasteful spending through reduced personal savings or through increasing debt. To substantiate this trend, Frank describes burgeoning household debt and a remarkable increase in personal bankruptcies.

Luxury Fever summarizes persuasive biological and psychological evidence that suggests how human nature is such that we measure our success in relation to what others have. In other words, we tend to spend money on luxuries to appear to be more successful than others are. Frank concludes, “Evidence from the large scientific literature on the determinants of subjective well-being consistently suggests that we have strong concerns about relative position.”

Relative Consumption, Not Absolute Consumption, Affects Consumers’ Happiness

Much of the increased luxury spending is wasteful, given that consumers could get the same benefits by consuming non-luxuries with lower price tags. Research has proven that money doesn’t buy happiness,

Behavioral scientists find that once a threshold level of affluence is reached, the average level of human well-being in a country is almost completely independent of its stock of material consumption goods.

Frank’s thesis on runaway consumption and extravagant luxuries seems as valid now as it was in 1999, when his book was published at the height of the dot-com boom. The era of excess has now proliferated to India, China, Russia, and other developing countries that are facing not only widening economic inequalities between their rich and poor, but also mushrooming appetites for luxury goods among their affluent middle classes.

Can a Progressive Consumption Tax Challenge the “Luxury Arms Race”?

Based on the solid evidence he provides, Frank’s thesis on runaway consumption of extravagant luxuries and this era of excess is hard to dispute. Consumers have indeed been saving less, working longer hours, and spending more per capita on luxury goods. However, his claim that the spending patterns of the super wealthy has incited luxury fever among the non-wealthy lacks substantial evidence.

The Luxury Fever‘s solution to this problem is to come down hard on lavish consumption and to encourage more savings. To this end, Frank presents policy proposals that are reasonable in the abstract, but will face serious political and cultural hurdles. Frank promotes a tax exemption for savings and a steeply progressive consumption-based tax as a substitute for income and sales taxes. If Americans expend less on luxury goods, he argues, we’d collectively work less, and make more money available “to restore our long neglected public infrastructure and repair our tattered social safety net.” However, economists have argued that a progressive consumption tax would burden the non-wealthy more than the wealthy because the latter tend to save much larger percentages of their incomes.

The Good and Bad Sides of Consumerism: How to Clamp Down on Conspicuous Consumption and Encourage More Saving

Despite its flaws, Robert Frank’s Luxury Fever is a valuable read in behavioral psychology and behavioral economics. Luxury Fever offers an appealing compendium of interesting case studies, anecdotal evidence, and statistics on society’s current “wants-not-needs” and “more is better” materialistic way of life, and its harmful impact on our lives, relationships, and societies.

Complement with The Millionaire Next Door (1996, read my summary,) a bestselling exposition on the surprising secrets of America’s wealthy.

Wondering what to read next?

  1. How Ads Turn Us into Dreamers
  2. Here’s the #1 Lesson from Secret Millionaires
  3. On Black Friday, Buy for Good—Not to Waste
  4. The ‘Buy More’ Madness Has to End
  5. Why I’m Frugal

Filed Under: Living the Good Life, Personal Finance Tagged With: Marketing, Materialism, Money, Simple Living

Inspirational Quotations #743

July 1, 2018 By Nagesh Belludi

To judge human character rightly, a man may sometimes have very small experience, provided he has a very large heart.
—Edward Bulwer-Lytton, 1st Baron Lytton (English Poet)

Writing makes no noise, except groans, and it can be done everywhere, and it is done alone.
—Ursula K. Le Guin (Science-fiction writer)

Faith may be defined briefly as an illogical belief in the occurrence of the improbable.
—H. L. Mencken (American Journalist)

The goal should not be to make money or acquire things, but to achieve the consciousness through which the substance will flow forth when and as you need it.
—Eric Butterworth

None are more taken in by flattery than the proud, who wish to be the first and are not.
—Baruch Spinoza (Dutch Philosopher)

Let a fool hold his tongue and he will pass for a sage.
—Publilius Syrus (Syrian-born Latin Writer)

The happiest is he who suffers the least pain; the most miserable, he who enjoys the least pleasure.
—Jean-Jacques Rousseau (Swiss Philosopher)

Luck can often mean simple taking advantage of a situation at the right moment; it is possible to “make” your luck by being always prepared.
—Michael Korda

The greatest analgesic, soporific, stimulant, tranquilizer, narcotic, and to some extent even antibiotic –in short, the closest thing to a genuine panacea –known to medical science is work.
—Thomas Szasz (Hungarian Psychiatrist)

A teacher of fear can’t bring peace on earth. We have been trying to do it that way for thousands of years. The person who turns inner violence around, the person who finds peace inside and lives it, is the one who teaches what true peace is. We are waiting for just one teacher. You’re the one.
—Byron Katie (American Speaker)

Where legitimate opportunities are closed, illegitimate opportunities are seized. Whatever opens opportunity and hope will help to prevent crime and foster responsibility.
—Lyndon B. Johnson (American Head of State)

Nothing you do for children is ever wasted. They seem not to notice us, hovering, averting our eyes, and they seldom offer thanks, but what we do for them is never wasted.
—Garrison Keillor (American Author)

Few will have the greatness to bend history itself; but each of us can work to change a small portion of events, and in the total of all those acts will be written the history of this generation.
—Robert F. Kennedy (American Politician)

Filed Under: Inspirational Quotations

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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Unless otherwise stated in the individual document, the works above are © Nagesh Belludi under a Creative Commons BY-NC-ND license. You may quote, copy and share them freely, as long as you link back to RightAttitudes.com, don't make money with them, and don't modify the content. Enjoy!