Why Being Poor is Expensive (Discworld) #shorts
7Sam Vimes' "Boots" Theory of Wealth, derived from Terry Pratchett's "Discworld" series, highlights the concept of how spending less in the short term can lead to higher costs in the long run, particularly for low-income individuals. The theory is based on the observation that a wealthy person can afford to buy high-quality, expensive boots that last longer, while a poor person must purchase cheap boots that wear out quickly and need frequent replacement. Over time, the poor person ends up spending more money on boots than the wealthy person, due to the need for frequent replacements. The theory demonstrates the paradoxical nature of poverty, where individuals with limited resources often face higher costs in the long run because they cannot afford the upfront investment in higher-quality, more durable goods. #shorts #finance #boots