Summary
Money is made to spend. We all want something, and that something usually costs money. Some of the "wants" are fleeting desires, spurred by mood or peer pressure or perhaps just a whim. Other "wants" are genuine desires and items or experiences that actually add value to your life.
Whichever it is, Jesse argues that you should wait. Wait before you buy anything, even the genuine wants. For one thing, waiting helps you parse out the genuine from the ephemeral.
Jesse keeps a running list of wants on his phone. If he wants something, he adds it to the list rather than buying it right away. If he still wants it when he checks the list again later, he buys it. Many times, however, he will find things on the list that he hasn't thought about in a while, and that he really doesn't want. So the list can act as a simple filter and a sanity check for purchases.
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Transcript
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| 0:00.0 | Hello, Wineabbers. My name is Jesse Meekham, this is podcast number |
| 0:08.2 | 49-Nab where we teach you four rules to help you stop them |
| 0:11.1 | paycheck to paycheck, get out of debt and save more money. |
| 0:16.5 | I think you should maybe consider as a strategy or as a coping mechanism as some kind of emotional balm that you might use that you just consider |
| 0:28.9 | waiting as a viable strategy. |
| 0:31.3 | And this is tied into last week's talk about doing nothing but this is in relation to that desire to purchase something specifically. |
| 0:43.2 | And what I've found, I have a, I'll just tell you what I do. |
| 0:47.0 | You can take a bit of it or none of it and move along. |
| 0:50.2 | So I have a little note. I use a writing app called Bear. I like the app quite a bit. |
| 0:57.0 | And in that I have a note that is titled, Things I Want, |
| 1:01.0 | and they're checkboxed, like a to-do list so it's like things I want get |
| 1:06.8 | or done you know and then when I think about the thing that I want or I'm reminded |
| 1:12.4 | of it or I see it new and never knew it existed but now want it |
| 1:16.2 | I put it in that list called things I want and I just wait and I don't have a rule like days and set an alarm on my phone or anything like that. |
| 1:25.0 | I just put it on the list. Now, it is useful come Jesse's birthday because Julie may ask me something along the lines of I have no idea |
| 1:36.5 | what to get you do you have any ideas and I may reference that list and scan it and |
| 1:42.1 | then what's funny is all kinds of things happen like |
| 1:45.4 | oh I forgot that I'd put that on the list and then I just I'm reminded or, I forgot I put that on the list, |
| 1:55.0 | and then I think, I don't actually want that anymore. |
| 1:58.0 | That happened to the soil pH meter, a little while ago. |
| 2:01.0 | I deleted it. |
| 2:02.0 | It had been on there for so long and I |
... |
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