Know the Difference betwen a Need or a Want
We all probably have different meanings of what a “Need” or a “Want” is to each of us. We have tried to get our boys in the habit of looking at things as a Need or Want when they want to buy something.
Of course, it would be nice to buy only Needs until we are Financially Free but that is not the real world. I am not saying it isn’t possible but I don’t know of anyone that hasn’t bought a want sometime in their lifetime.
In life every thing we strive to be in balance even though it is hard to achieve. When we get out of balance in one area then another area suffers. Same goes with buying too many Wants versus Needs. If we spend too much on Wants then maybe our Budget is out of whack, we could get in debt or take longer to reach our Financial Freedom goals.
Basic needs we need is a roof over our head at night when we go to bed, Food for our body to have energy for the day, Water to drink for our body and Air to breathe. We also need Money to purchase those items.
To find money for the basic needs we have we need a source of income either from Savings, Investments, Job or other outside sources. If we have a job, we would have some more needs and if we have kids, we have even more needs. More is covered in the Podcast.
Positive Quotes
Here are two positive quotes I like; “There is no way to happiness; happiness is the Path.” By Buddha
“The best way to predict the future is to create it.” By Peter Drucker
“Change Your Thoughts - Change Your Life” by Wayne W. Dyer
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Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.
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