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Modern Mentor

379 GID How to Make Better Purchase Decisions

Modern Mentor

Macmillan Holdings, LLC

Careers, Business, Management

4.3720 Ratings

🗓️ 12 October 2015

⏱️ 5 minutes

🧾️ Download transcript

Summary

It's not enough to consider pros and cons when making a decision. You also need to consider pros and cons over time. Read the full transcript here: http://bit.ly/1LQSQJc

Transcript

Click on a timestamp to play from that location

0:00.0

This is Steveer Robbins.

0:04.5

Welcome to the Get It Done Guys quick and dirty tips to work less and do more.

0:09.0

I just love buying new things.

0:11.4

They say that if you buy enough new things, you win.

0:14.2

The lady who lived upstairs liked to buy new things.

0:17.0

She bought clothes and knick-knacks, computers, books, and linens.

0:20.1

She bought so much that eventually her rooms filled up.

0:22.6

The things made walls, like a maze inside her apartment.

0:25.9

She would go through the maze to her bed where there was just enough room for her to sleep for the night.

0:30.3

But she kept buying new things, and the walls of the maze got narrower and narrower.

0:35.0

One day, she walked into the apartment and disappeared. She was never

0:39.6

seen again. The moral of this story is clear. Always carry a ball of string so you can find

0:45.6

your way out of any maze you happen to wander into. That, and think three times before buying

0:50.5

stuff. We all buy stuff. We buy computers, beautiful Molescine notebooks,

0:55.8

expensive software air conditioners, and vacation time shares. The first step to a wise decision

1:02.1

is knowing what you hope the purchase will do for you. Check your motives. Other than the fun

1:07.7

of sheer consumerism, trading a potentially happy, joyful retirement for

1:11.0

something you'll play with for a few months and then discard, why do you want to buy this thing

1:14.9

now? Surely it can't just be that you're looking forward to a wretched old age of sickness and

1:19.3

squalor. There must be some other reason. My next big purchase isn't a computer or a car or

1:24.6

something work-related. It's a mattress. My current mattress was

1:28.8

born around the same time as Justin Bieber. One of those needs a replacement. And since the

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