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Before Breakfast

Every dollar is worth the same

Before Breakfast

iHeartPodcasts

Education, Self-improvement

4.51.5K Ratings

🗓️ 30 September 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

Spend less on the big stuff so there’s more for fun

Transcript

Click on a timestamp to play from that location

0:00.0

If you really want to know what's going on in this country heading into the 2024 election, you have to get away from the extremes and listen to the middle.

0:07.0

Hi, Jan, here in Kansas City, Missouri.

0:10.0

On the podcast The Middle with Jeremy Hobson, I'll take calls live every week elevating the voices of Americans who are so important when it comes to who's in power and what gets done

0:19.3

My name is Wengk and I'm calling you from Atlanta, Georgia

0:22.4

Listen to the middle with Jeremy Hobson on the is Venet. I'm calling you from Atlanta, Georgia.

0:22.8

Listen to the middle with Jeremy Hopson on the I-Heart

0:25.4

radio app, Apple Podcasts, or wherever you get your podcasts.

0:30.0

Welcome to Before Breakfast, a production of I Heart Radio.

0:37.0

Good morning. This is Laura.

0:41.0

Welcome to the Before Breakfast Podcast.

0:44.0

Today's tip is to remember that every dollar or whatever unit of currency your country uses

0:50.0

is worth the same.

0:52.0

Sometimes it's easy to ignore small amounts in large

0:56.2

transactions, but use strategically small amounts of money can make a big difference.

1:06.0

If you ever study how humans behave around money, you will learn that we are not entirely rational. We tend to view things in terms of

1:12.0

proportion rather than absolute numbers.

1:15.0

So, for instance, if you are buying a computer,

1:18.0

and the first store you visit has it for $999,

1:22.0

and you learn that a nearby second store has it for $975

1:26.8

you're highly likely to view that as no big deal and just purchase it where you are.

1:31.9

But if you were shopping for pencils and

1:34.8

visited a store that charged $27 for a set of pencils that were $3 somewhere else,

...

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