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Tag Archives: “Pay Yourself First – The First Habit”
A Simple Test to Distinguish Needs from Desires
In a few earlier posts, notably, “Up from the Financial Treadmill” and “Pay Yourself First – The First Habit” we emphasized the key to being able to save is “to pay yourself first” and be able to distinguish “needs” and “desires”.
Won’t You Feel Deprived or Miserable Focusing on Needs and Ignoring Desires
This article is a follow-up to our last post entitled “Pay yourself First – The First Habit” where we outlined a simple two-step process to exorcise our expense demons and be able to maximize savings.
One may ask or even protest whether or not such a strategy of focusing on needs and maximizing savings would make our lives deprived and miserable. Won’t we feel deprived or miserable focusing on needs and ignoring desires?
Posted in Savings Discipline
Tagged " "losing face" or feeling deprived and miserable, " Stan Shih founder of Acer Inc., "Are You Willing to Work Long Late Hours and Forego Much of Your Social Life, "Genghis Khan", "It is better to lose your faces than to lose your lives, "Pay Yourself First - The First Habit", famous Egyptian actor Omar Shariff, Ross Perot
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