The title of a new book on finance and investment caught my eye. It is by Carl Richards and is called The Behaviour Gap. Simple Ways To Stop Doing Dumb Things With Money. I think I will take on board some of his critical thinking for Simple Ways To Stop Doing Dumb Things With STUFF!
As far as I can see from a brief look, he talks about emotion, and how inappropriate it can be to make decisions about money based on emotions, especially fear. He has inspired me to come up with - wait for it -
Five Simple Ways To Stop Doing Dumb Things With Stuff.
ONE : The most effective of all. Don't buy it in the first place. Look at the item you have just taken from the shelf in the shop. Is it conceivable that in a few hour's/day's/week's time you will not be as thrilled by it as you are now? Be honest, and if in doubt, put it back. (If it helps earmark the money you would have spent for something which will thrill you..but seems beyond your means. You may be surprised how quickly you can save this way for something you really want. I have the 'visit Japan' fund growing. Slowly, but growing....)
..tomorrow ....it's only stuff..
As far as I can see from a brief look, he talks about emotion, and how inappropriate it can be to make decisions about money based on emotions, especially fear. He has inspired me to come up with - wait for it -
Five Simple Ways To Stop Doing Dumb Things With Stuff.
ONE : The most effective of all. Don't buy it in the first place. Look at the item you have just taken from the shelf in the shop. Is it conceivable that in a few hour's/day's/week's time you will not be as thrilled by it as you are now? Be honest, and if in doubt, put it back. (If it helps earmark the money you would have spent for something which will thrill you..but seems beyond your means. You may be surprised how quickly you can save this way for something you really want. I have the 'visit Japan' fund growing. Slowly, but growing....)
..tomorrow ....it's only stuff..
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