Progress Purchases

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.7 • 1.1K Ratings

🗓️ 14 September 2020

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Let's face it, it feels good to buy things. That's not necessarily a bad thing, either. Spending on hobbies or other things that bring you value -- maybe a date with your partner -- makes you feel good for a good reason.

However, from time to time we need to check the rationale behind our purchases. Maybe you intend to start a new exercise regime, so you buy new shoes and clothes and perhaps a new journal as well to document your progress. But have you actually started the program yet?

Often simply purchasing something related to your goals can make you feel like you've made progress.... when, unfortunately, that's not really the case! Jesse calls these "progress purchases," and warns you to watch out for them!

Transcript

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0:00.0	Hello, Winevers. My name is Jesse Meekam. This is podcast number 445. For
0:09.0	Wine Ever, we teach you four rules to help you stop living paycheck to paycheck, get
0:12.3	out of debt and save more money.
0:14.0	Today I want to talk about why you spend suddenly.
0:16.7	I'll talk about myself.
0:18.5	Sometimes I spend because I'm tired.
0:20.6	Sometimes I spend because I'm stressed, sad, excited, but I want to talk today specifically about what I call
0:28.0	progress purchasing. My dad, who has a few jokes that I know very very well he often shares the joke of you
0:38.5	know say hey I want to start a running program wanted to get fit so I went and
0:42.0	talk to my doctor my doctor said a running
0:43.7	program sounds great, you just want to make sure you start slowly. So tomorrow I'm
0:48.3	going to drive by the place where I will purchase my running shoes.
0:53.1	Ha ha ha.
0:54.8	That's the idea.
0:55.7	So this progress being made when you purchase something.
1:01.0	And haven't you experienced that before? Haven't you experienced the idea of, hey, I'm going to start this thing.
1:08.0	So let's just go ahead and research what I should purchase to help you feel like you are making progress. I feel like
1:16.2	marketers know well infomercials right infomercials still, it's unbelievable how much money they still make.
1:26.6	Years ago I was actually approached by an infomercial company and they wanted to make
1:31.2	Wienab into an infomercial product.
1:33.6	Can you imagine how amazing that would be?
1:37.6	The black and white before, the full color after, the before picture, the after picture, like the person that's just like stressing
	...

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