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Optimal Finance Daily - Financial Independence and Money Advice

542: The Buyerarchy of Needs: A Practical Guide to Spending Money by Kristin Wong

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 27 March 2018

⏱️ 9 minutes

🧾️ Download transcript

Summary

Kristin Wong shares the "Buyerarchy of Needs" - a practical guide to spending money. Episode 542: The Buyerarchy of Needs: A Practical Guide to Spending Money by Kristin Wong (Spending Alternatives). Kristin Wong is a freelance writer and journalist who writes for Lifehacker, Mentalfloss, and New York Magazine. She frequently covers travel, personal finance, and human behavior. Kristin launched her own blog, www.thewildwong.com, to write about life as a work-from-anywhere freelancer. She aims to help other creative entrepreneurs navigate the tricky world of freelancing, from managing money to traveling the world to staying productive and getting stuff done. Kristin is a self-professed money geek and published a book about personal finance called Get Money in March of 2018. The original post is located here: https://www.thewildwong.com/a-practical-guide-to-spending-money Visit Me Online at OLDPodcast.com & in The O.L.D. Facebook Group and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily.

0:02.1

Episode 542, The Biararchy of Needs,

0:05.6

a practical guide to spending money

0:07.8

by Kristen Wong of the Wild Wong.

0:10.9

And I'm Dan, your host here each weekday reading to you from some of the best personal finance blogs on the planet.

0:17.0

And as I just mentioned, today's post comes from Kristen Wong, whose book actually just came out today.

0:22.0

It's called Get Money Money and you can find it

0:24.4

through her site so definitely check that out. It's a great way to show her

0:28.0

some support for all of the articles that she has shared with us for free. And speaking of her free articles,

0:33.9

let's hear another one of those

0:35.6

as we optimize your life.

0:38.6

The Biarchy of Needs, a practical guide to spending money by Kristen Wong of the Wild Wong.

0:48.0

One of my biggest financial pet peeves is when people judge your spending habits according to their own priorities.

0:55.0

You know what I'm talking about, the Fuddy Duddy who shames you for buying avocado toast.

0:59.5

The out-of-touch miser who never uses a smartphone and thinks you shouldn't either.

1:03.6

Translation, you're spending money all wrong and should be doing it according to what works for

1:07.6

me, not works for you.

1:09.2

Also, get off my lawn.

1:11.4

People love to tell you how to spend your money without knowing, one, how much you earn, and

1:15.9

two, what your priorities are.

1:18.1

Maybe you're super frugal, but avocado toast is your one splurge.

1:21.7

Maybe you're a freelancer who travels a lot and you rely on a smartphone to run

...

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