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The Financial Diet

How A No-Buy Year Can Change Your Brain’s Response To Consumerism

The Financial Diet

TFD

Business

4.3548 Ratings

🗓️ 27 June 2022

⏱️ 70 minutes

🧾️ Download transcript

Summary

Chelsea speaks with YouTuber Hannah Louise Poston about her year-long no-buy challenge, battling consumerism, and how her attachment to material items has changed. **Thanks Athletic Greens! Go to athleticgreens.com/tfc to get a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. Hannah Louise Poston on YouTube: https://www.youtube.com/c/HannahLouisePoston Instagram: https://www.instagram.com/hannahlouiseposton/ MORE FROM TFD: Join this channel to get access to perks: https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en

Transcript

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0:00.0

Hello, everyone, and welcome back to an all-new episode

0:03.9

of the Financial Confessions.

0:05.6

It's me, your girl, Chelsea Fagan, founder and CEO

0:09.2

of the financial diet and person who loves to talk about money.

0:12.4

And something that a lot of you guys have been asking us

0:15.4

to talk about on the channel are kind of complicated relationships

0:19.9

with spending and overspending.

0:22.6

Now, for a lot of us, what we actually spend on

0:25.7

is going to look very, very different.

0:28.1

And there tend to be a lot of like really one size fits all

0:30.7

maxims about like what spending is OK versus not OK.

0:35.0

Like you can spend on experiences, but not on things.

0:37.9

Or like, you know, especially things that tend to be fairly female

0:41.5

coded get very easily dismissed as like completely irrational spending.

0:46.2

Like a woman spending on makeup is bad, but like a man having like multiple

0:50.4

motorcycles, that's just what he's into.

0:53.2

And at TFD, it is worth noting that basically any spending

0:57.4

that is meaningful to you, that is useful to you,

1:00.3

that's got a very good cost per use ratio that

1:02.9

fits within your budget, et cetera, like all of that

1:05.4

is great.

1:05.9

Spend on what makes you happy.

...

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