A rich man using psychology: An interesting story
Skin in the game, 1990's article on Twentysomethings, JOMO and many more...
gm 👋 Prado here
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Every Friday, I publish one essay & 10 interesting things that will help you become healthy, wealthy and wise 👇
Essay of the week - A rich man using psychology 👀
A self-made rich man kept getting bothered by his relatives every time they wanted money or got in trouble.
Once his brother-in-law got drunk and the police took him to jail. The rich man has bailed him many times before but this time he said no.
A couple of days passed by and his wife was upset.
It’s almost a week now and every one of his relatives comes to his house and advised him to bail out his brother-in-law.
He decided to have a family meeting and called up everyone who cared about bailing him.
It was a sunday evening and everyone was there.
The rich man and all the relatives argued for over 2 hours and were trying to force him to pay hefty bail fees.
The rich man played some dark psychological tricks on them.
He stood up and said alright.
Why don’t we do one thing? Why don’t you all collectively come together and pay 50% and I’ll pay the rest 50%?
Everyone’s eyes got big and there was extreme silence. Nobody knows how to reply. Nobody wants to put their money because they know they’ll never get that money back and this same thing will happen again 👀
We all know how the story ended :)
Moral of the story:
Every time people ask you to do something that they are not doing, don’t do it.
It’s very simple. Do they have their skin in the game? if not, you know what to do.
10 Interesting things for you 🙌
1. TIME 1990’s article on Twentysomethings (Blog) I think it’s still very relevant.
2. Something from my Twitter👇
3. Don’t be afraid to disappear (Blog)
4. The Thinking ladder (Blog) It took an hour to find this blog 🙌
Also, WaitButWhy released his new book this week 🚀 Go read it.
5. Interesting Human of the week:- This delivery person came with his young family to deliver the food 🙌 Can be his sister too I don’t know :)
6. Question of the week:-
7. Picture of the week:- Got some of these from Chitra Santhe 2023
8. Current read: Wanted to read some fiction and a friend suggested I read Kite Runner (Started it today)
9. Funny thought of the week:-
10. Quotes of the week:
"If you are not making the progress that you would like to make and are capable of making, it is simply because your goals are not clearly defined." - The Compound Effect
(Tweet this quote)"Friendship is born at the moment when one person says to another: 'What? You too? I thought I was the only one."-C. S. Lewis
(Tweet this quote)"You are a person worthy of love. You don't have to do anything to prove that. You do not have to earn love. You simply have to exist." - I read this in the book Tribe of Mentors
(Tweet this quote)
Check out some previous newsletters:
Diderot Effect (Read)
Life’s lines of Closeness (Read)
How far did Elon Musk go to fulfil his curiosity? An untold story (Exclusive)
Cathedral Thinkers (Read)
You can check out the entire archive
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In This Together,
Prado
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