The Diderot Effect: How to Stop Overconsumption & Impulse Spending
from Blind Spots Hosted by Pure Portfolios
The Diderot Effect says that buying something new can set off a cycle of consumption. For example, buying a new house often leads to purchasing new appliances, furniture, and décor. We end up purchasing items we never would have bought without buying a new home. In this episode of Blind Spots, Erin Varghese and Nik Schuurmans discuss the history of the Diderot and how we can apply the concept to money, time, and lifestyle habits. w. pureportfolios.com p. 1 (877) 261-0015 e. [email protected] Investment advisory services offered through Pure Portfolios, a Registered Investment Advisor with the U.S. Securities and Exchange Commission. This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor. This information is not an offer or a solicitation to buy or sell securities. The information contained may have been compiled from third party sources and is believed to be reliable.
Embed this episode
No transcript yet.