Thursday, October 30, 2014

Mindmapping

So, how to start a post after a few months of disappearance. Probably with good reasons for my absence. Fact is, I have none. Semester ended in July, this one started in October. I simply forgot about blogging.
Fortunately, my teachers reminded me and so this is my first blog in my 3rd semester of studying.

And what is it about?
Mindmaps! To be more precise, about one particular mindmap I created on a text about economics.



This is the simplified version of my massive mindmap that I won't even show to you, as it would exceed the capacity of this blog by far. ;)

Most importantly, I understand what is written in the source text "The economics of Robinson Crusoe". In order to become rich, you have to earn more than you spend, then invest money into something that helps you gaining more profit and in the end just keep on getting richer and richer. You have more options than before and as long as you have established an emergency fund, you have no financial problems when getting ill. Sometimes debt can help you to skip a few steps in getting rich, but it is very risky and going into debt has to be calculated precisely.

Of course, I also learned that economic principles can be applied to a single person who stranded on a desert island and has to pluck berries in order to survive. In case you got curious and would like read the mentioned text yourself, here is the link: http://earlyretirementextreme.com/the-economics-of-robinson-crusoe.html

Cheers!