Saturday, April 5, 2008

foregoing current consumption.....

Took a test today in microeconomics. It was refreshing to take the test. I did very well on the test. It felt awesome to leave a test and know that you really did well. I haven't had that since I started taking classes at Auburn. We don't have test in software engineering. Calculus 2 tests should speak for themselves. Physics tests are bitches too. Then there is microeconomics. I did very well on the test. I am anxious to get to monday to see my grade. I'm very blessed to not get test anxiety. Taking tests don't bother me b/c I know that I've prepared the best that I could. Some material on the test was savings. My economics book described savings as foregoing current consumption, for future consumption. In other words, saving now and buying what you want later. I thought about that saying and just figured that I could apply it to my life. I need to evaluate my life and find out what is useful and what needs to be thrown away? I need to find a path and schedule that will get me where I need to go. I have to surround myself with people who know where I am going and who know that I'm going to obtain a goal no matter what. America has such a negative time rate of preference. American wants what they want, when they want it. There is no patience. I believe that this has been aided by the growth in technology. You can pretty much get in touch with anyone at anytime with technology. I know that I can call certain friends, on certain nights in college and get a hold of someone. If I get on x box late at night, there will be atleast one person on in the world; or someone who speaks my language. With no patience, credit card companies are wanting the money that you owe them. If you have such a negative rate of time preference, then you have to deal with the credit card companies. How many people are addicted to credit cards? It seems like it could be an addiction that would fly under the radar. I wonder how America would be if people would not have to have current consumption? How many things would people just forget about in life? If America could not eat the fudge sundae every day, then we wouldn't be seeing people lifted out of their house with cranes. You have to have enough consumption that you keep yourself happy. Having a life with no consumption is no way to be. Small amount of a bad consumption does not trump the good consumption. I believe that if people stepped back and looked at what is important in life, they would enjoy life more. I know that a certain diet, or workout regime is not my life. It might be my lifestyle, but it's by no means my life. I've learned that I have to meet these places halfway. I have to forego certain consumptions to acclimate to my real life. Life is not always easy to acclimate to. I try to forego things that are not important, or are not wise decisions. I'm trying to find out myself and acclimate my life to that scenario. Something that you consume later might be better than consuming now. Example: wine

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