2242: 5 Things to Consider Before Making a Purchase by Dan Erickson

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 19 March 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Erickson with No Sidebar shares 5 things to consider before making a purchase. Episode 2242: 5 Things to Consider Before Making a Purchase by Dan Erickson No Sidebar was created by Brian Gardner and is all about designing a simpler life. He and the contributing authors want to help you figure out what's getting in your way, at home and at work. They want to help you let go of distractions, online and off--to turn down the noise that disrupts the quiet of your heart and soul. The original post is located here: https://nosidebar.com/purchase/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2242, five things to consider before making a purchase
0:07.9	by Dan Ericsson with nosidebar.com and I'm your host and personal finance enthusiast, Diana
0:14.6	Mariam.
0:15.6	Now, let's get right to it as we optimize your life.
0:23.4	Five things to consider before making a purchase by Dan Ericsson with nosidebar.com
0:31.3	Over the years, I've bought many things that I don't really need.
0:34.7	I'm sure most of you have too.
0:37.2	After all, many of us have been raised in an instant gratification culture or constantly
0:42.8	bombarded with visions of shiny new toys.
0:46.6	The media knows how to push our want buttons.
0:50.0	Our friends show us the cool stuff they just bought.
0:53.2	We want.
0:54.6	Our neighbors just got a cool new car or boat.
0:57.9	We want.
0:59.6	But wait, what if I told you that there are many ways to tame our want?
1:04.7	There are.
1:06.4	Wanting is an emotional response to being unsatisfied with what you already have.
1:11.9	Trying to satisfy yourself with more stuff is similar to a drug addiction.
1:16.3	You get a temporary high, but after it wears off, you want more.
1:21.4	Before we discuss five things to consider before buying, let's compare the differences
1:26.0	between need and want.
1:29.2	Need.
	...

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