We all get tempted here and there to buy things, and with our incomes and budgets dictating what's possible, oftentimes we need to make choices and in this video, I want to share what to me, is the RIGHT way to make smart buying decisions so that our personal finance plan doesn't get thrown out of whack, while we simultaneously, get true fulfillment from what we choose to purchase.
================= TIMELINE & LINKS 🔗 ================= Some of the links below are affiliate links. For example, as an Amazon Associate, I may earn a small commission from qualifying purchases at no extra cost to you!
0:00 - Intro Sharing an embarrassing thing about my daily habits, lol... warning... some of you may find it pretty gross.
0:24 - A prime example Contextualizing the weird lack of behavior despite my desire to change (at least when it comes to keeping my apartment clean).
1:29 - How to assess a challenge Literally every penny that's spent, in one form or another, is spent to solve a challenge. Don't believe me? Watch this: https://youtu.be/saRPe4kP7QU
2:11 - WORST negative impact on life Friction in our lives is annoying enough, but nothing is worse than when we need to deal with an annoyance literally every single day.
2:51 - Identifying the best solution for YOU The best solution to a daily annoyance may not even require you spend a penny, but it's important to really think through all the ways you can think of to solve the instances of DAILY friction once and for all.
4:22 - What you should do first The question that helps me a ton is to look at a challenge and simply ask myself, "what would this look like if it were easy?" The key is to be unafraid to be as absurd as you want, for example, I hate laundry, so what would it look like if it were easy? Have a butler who does it! Of course, I can't afford a butler, but I CAN hire a neighbor who is a stay-at-home parent and is bored during the day anyways, to do my laundry once a week. The important thing is that I use those 2.5 hours saved to do things that'll enable me to earn more than I spend on their work with my laundry.
5:26 - Concept: Cost Per USE If all else fails, I ALWAYS run this projected calculation to determine if I should buy something. Generally speaking, everything I've bought for myself, is something that I use at LEAST once a week. If it's something you'll truly use frequently, in almost every instance, it's worth buying.
I make a lot of everyday carry (EDC) videos because I really like exploring the things that I truly use every day. But a ton of things I don't CARRY with me, but are things that I get proper usage at home with 365 days a year. So perhaps, a more important thing for me to focus on sharing are not JUST everyday carry items, but more critically, everyday USE items. Thoughts?
Some of the links above have an affiliate code, if you purchase gear with these links I will receive a small commission at no additional cost to you.
Unless explicitly stated, this video was not paid for by outside persons or companies. This means that the content of this video and my opinions are 100% my own, and were not vetted or paid for by any third party.
