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The Psychology Of Money | The Mindset Mentor Podcast Money can be a challenging topic for many of us, and I understand that all too well. In my first 32 years of life, money dominated my thoughts and dictated my actions in the world. But the problem with that is that many of us approach money from a place of lack, which is the wrong way to start. In this episode, I'm going to share tips and tricks to change your mindset and psychology around money. I see money as energy, and if you're in a place of lack, you will always lack what you focus on the most. So if you're in a place of jealousy or judgment, it's going to be hard for you to create abundance in your life. Join me as I dive deeper into the topic and give real, tactical advice to help you improve your relationship with money. If you've enjoyed this episode and you never want to miss another one, make sure to hit that subscribe button - https://youtube.com/robdialjr?sub_con​... I'll see you on the next episode of the Mindset Mentor Podcast. Want more inspirational content to keep you going in the right direction? Follow me around the web.

Support Out of Frame on Patreon: https://www.patreon.com/OutofFrameShow Watch our newest video, "The 1970s are back. Yaaaayyyy.": • The 1970s are back. Yaaaayyyy. Check out our podcast, Out of Frame: Behind the Scenes: / @outofframebts Bob decides that the best way to eliminate poverty is by just giving everyone more money. If the government prints more currency, then everyone will be rich, right?

First, let's start at the beginning. What are the origins of money? Before money, there was barter—a direct exchange of goods or services between humans. It is this economic behavior that is the foundation of civilization. If no one could exchange, and if we were forced to be completely self-sufficient, most of us would starve to death, and the rest would barely remain alive. Exchange is the lifeblood, not only of our economy, but of human existence. A barter system has two basic problems: indivisibility and lack of coinciding wants. Imagine that a farmer wants to buy a pair of shoes, but the cobbler does not want eggs. He may want beef, but the farmer is not willing to slaughter his cow for shoes. A trade where both are happy is now difficult. Any sort of advanced economy is impossible with simple direct exchange. But humanity adapted. How? Indirect exchange. Consider our farmer. Instead of offering eggs, he finds what the cobbler really wants—butter. He now exchanges butter for shoes. If enough people also want butter, our farmer may buy more—not to use it, but to exchange it for other goods and services. Many goods have played this role in the past: tobacco in colonial Virginia, sugar in the West Indies, copper in ancient Egypt. Historically, gold and silver emerged as a widely accepted medium of exchange in a free market. This is not only because metal can be converted into durable and transportable units, like coins, but also because both have long been desired for their beauty and practical use. This process—the cumulative development of a medium of exchange on the free market—is the only way money can become established from barter. This market process allows for prices to emerge between a medium of exchange and other goods and services—without this, it would be impossible for money to be properly valued. As we will see, government can manipulate the value of money—but it is powerless to create it from nothing. As such, money did not begin as an abstract unit of account; it was not a useless token only good for exchanging; it was not a "claim on society." It was simply a commodity. Like commodities, its "price"—in terms of other goods—is still determined by supply and demand today. When there is a high demand for money—perhaps because people are uncertain about the future and save more—the price of money goes up, which means the prices of goods and services go down. When the demand for money drops—perhaps because it is feared it will be worth less tomorrow—consumers will be more willing to spend, which means prices go up. When competing currencies exist, prices may also change between different monies. In the past, consumer demand could change the value of silver to gold. Today it may change the exchange ratio of dollars to euros. These exchange rates can shift freely on the market. But how did we go from money as gold and silver to the dollars and euros we have now? To understand that, we must first understand the service that emerged as the result of money: banking. ________________________________________ This series was inspired by Murray Rothbard's classic introduction, What Has Government Done to Our Money?—available for free in PDF, ePub, HTML, and Audiobook at https://Mises.org/WHGD To learn more about the operations of the Federal Reserve, check out Bob Murphy's book, Understanding Money Mechanics, available for free in PDF, ePub, and HTML at https://Mises.org/BobMoney For more animated content, check out Economics for Beginners at https://BeginEconomics.org.

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There is so much discussion and #confusion about #AI nowadays. People talk about #deeplearning and #computerVision without context. In this short video, I give context on how to think about AI. What is AI?

Money has evolved over time from bartering to the use of coins, paper, and digital transactions. Early forms of it included livestock, which then gave way to the use of precious metals like gold and silver. Paper currency was first introduced in China in the 7th century and then banks emerged. Today, some people start to use digital currencies like Bitcoin. But what is money and how did it come about? SUPPORT us to make more economics videos! 🐦: https://www.patreon.com/sprouts

There is a very clear trend not just in music but in all human pursuits that one must justify their activities based on how much money that activity generates. This hits really weird in the arts. There is pressure all around us as musicians to "rise to the top" or out compete other musicians. It's an extremely odd idea to make self expression competitive and its my belief that a mind that is captured by this messaging is going to be incentivized to make bad compromises to their music in order to gain advantages. These compromises could come in the form of dulling down creative decisions to make the music more homogenous and easy to digest, removing any semblance of originality and thus potentially removing the joy of creation in the first place. You are enough and your art is enough no matter how weird it is. LEARN ABLETON via Ableton Online Courses - https://seedtostage.com/

In the summer of 1954, a school bus with a group of 12-year old boys arrived at Robbers Cave State Park in Oklahoma. The boys thought they were going camping. Their parents at home believed the sponsored trip had something to do with leadership. None of them knew that they were actually part of a controversial experiment on realistic conflict resolution. SUPPORT us to make more videos! https://www.patreon.com/sprouts 🐦

We often think of freedom as being able to act without restraints. But as one’s freedom can affect the freedom of another, acting without restraint usually creates problems. To prevent that, we create rules. Philosopher Isaiah Berlin went one step further and distinguished two types of freedom: negative liberty, the absence of constraints, and positive liberty, the power to act regardless of limitations. SUPPORT us to understand our society better! https://www.patreon.com/sprouts 🐦:

The Myers-Briggs Type Indicator (MBTI) is an introspective self-assessment that evaluates how we perceive the world and make decisions. It measures our preferences in 4 domains: mental energy sources, information processing, decision-making approaches, and structure needs, each with two opposing forces. But is it accurate? Try it and find out for yourself! SUPPORT us to make more videos! https://www.patreon.com/sprouts 🐦:

Would you save a boy who is drowning in front of your eyes? And thinking about this question, do you base your answer on the character you strive to become, on the behavior you want to see in the world, a cost and benefit analysis, your own self-interest, or would you just follow what feels right? Let’s try to answer these questions with the theory of four famous thinkers: Aristotle, Kant, Nietzsche, and Mill. SUPPORT us to help understand human beings better! https://www.patreon.com/sprouts 🐦

Obsessive-Compulsive Disorder (OCD) is a disorder in which a person has unwanted intrusive and repetitive thoughts that become obsessions. These obsessions then make them do things to relieve the thoughts, a behavior called compulsions. Because this learned ritual offers only temporary relief, the probability people will engage in compulsions again is increased and often becomes excessive. SUPPORT us to make more economics videos! 🐦: https://www.patreon.com/sprouts

Social intelligence is the ability to know oneself and to know others in order to evaluate our own and other people's actions properly. It is composed of five capacities; sympathy, self-awareness, empathy, meta-cognition and theory of mind. Those who lack social intelligence might misunderstand others with potentially tragic consequences. SUPPORT us to make us understand human beings better! https://www.patreon.com/sprouts 🐦

Carlo Cipolla's law of stupidity states that "always and inevitably everyone underestimates the number of stupid individuals in circulation." Even though Cipolla originally wrote about the principle and its consequences for society in the form of an amusing letter to his friends, it gained wide attention. Today Cipolla's law is often used to highlight the importance of critical thinking and careful decision making in order to counteract the potential effects of endemic ignorance. SUPPORT us to make more videos! 🧡 https://www.patreon.com/sprouts

A growing number of parents believe in unschooling — the process of learning through life, outside classrooms. Similar to homeschooling it usually happens at home or within the community. But while homeschooling usually follows a formal curriculum, unschooling doesn’t. So how does it work, and why do parents advocate for it? SUPPORT us and the unschooling project 🧡 https://www.patreon.com/sprouts

Chesterton’s Fence is a simple rule of thumb that suggests you should never destroy a fence, change a rule, or alter a tradition if you do not understand why it was created in the first place. China’s Four Pests Campaign during the Great Leap Forward shows the tragic consequences of meddling with things we do not fully understand. SUPPORT us to help understand human beings better! https://www.patreon.com/sprouts 🐦

When you look at the sun, sometimes it appears way larger than it actually is. The circle of light that makes it look bigger is called a halo. Beautiful women and handsome men produce the same effect. Their appearance can be so deceiving that we begin to attribute completely unrelated qualities to their looks. This bias is known as the halo effect. SUPPORT us to help teacher become less blinded by the Halo Effect: https://www.patreon.com/sprouts 🐦

Self-determination theory argues that people are motivated to learn, grow and change their lives, if their three basic psychological needs are satisfied: competence, connection, and autonomy. People who are unable to fulfill these three needs, may feel amotivation, or need extrinsic rewards to learn or make changes. They often experience little control over their own lives, no sense of self-determination, and often also poor mental health. SUPPORT us to make more videos on motivation! https://www.patreon.com/sprouts 🐦