The Right Way to Make YOLO Purchases

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 28 January 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Purchasing something while telling yourself YOLO, or “you only live once,” might cause someone to feel guilty about money they spent impulsively, or worse, derail their long-term financial planning. WSJ’s Bourree Lam and Julia Carpenter, authors of “The New Rules of Money,” join host J.R. Whalen to discuss how to identify your spending patterns, allowing you to YOLO responsibly. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:21.8	or lowercase that That's Shopify.
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0:26.4	Here's your money briefing for Sunday, January 28th. I'm J. R. Wayland for the Wall Street Journal.
0:35.0	In the final installment of our series about planning your financial future,
0:41.0	we're taking a look at something we all do.
0:44.6	YOLO, as in making a snap decision while telling yourself, you only live once.
0:50.7	Obviously stores are trying to make you do this all the time like when you walk to the
0:55.6	check out of Walgreens all the Yolo purchases are like calling at you the gum the chapstick the magazines not just stores Instagram I feel like I can't even
1:08.2	open any social media these days without just getting a million ads trying to push me to buy something.
1:14.0	But not all YOLO purchases are irresponsible.
1:17.0	We'll talk to W.S.J.'s Béra, Lamb, and Julia Carpenter,
1:20.0	authors of the new book, The New Rules of Money, about the right ways to YOLO.
1:25.0	After the break. Must remember do not forget.
1:49.0	Remind me to bring photo ID.
	...

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