2018 Goals
1. Get student loan balance to $15k or less
2. Travel 4x - CHECK
3. Complete 1 home project
4. Lose 5-10 lbs

Tuesday, April 5, 2016

Emotional benefits of why you buy things

Important discussion from Motley Fool Answers Podcast: Emotional benefits of why you buy things. Key to success:  Make sure you can afford the things you want and don't give a damn what others think about you.  

- Perceived by Others - How I think I am perceived by others
   Others will perceive me as wealthy, accepted, accomplished, and desired -OR- savvy, responsible, and practical

- Function/Use - Serves a purpose, meets a need
   This will saves time, get from point A to B, replace something that broke, functional item, etc.

- How I feel - This will make ME feel great
   I must be wealthy because I bought this expensive house, car, clothes, vacations, etc. (self-validation).  I will feel happier, I've earned this, this is something people in my economic class has so I need it too.

Source: Motley Fool Answers http://www.fool.com/investing/general/2014/04/15/peculiar-traits-of-rich-people.aspx