The Law of Diminishing Returns & Personal Finance

As human beings, we have the intellectual capacity to recognize that having certain things in our lives can add function, safety, entertainment, comfort, and even happiness at times. For example: Getting quickly from point A to point B adds value through function. Having four walls and a roof surrounding us adds value through safety and comfort. Having insurance adds value through removal of risk. Having gadgets adds value through function and entertainment. Having food adds value through removing hunger and adding comfort (and great taste). Having proper clothing for whatever weather the day...

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