5. Detaching From Emotion

In finances, there can be no input from the
emotional realm, or all is lost.


Decisions have to be made from a conscious,
conscientious, intelligent standpoint. Careful,
deliberate consideration to all the factors is
how people are able to make effective long term
decisions.


But that is far removed from how most people
deal with money.


We might make lots of impulse buys. (And even
a single candy bar at the checkout lane is a huge
mark-up and unnecessary expense; we aren't
'treating' ourselves if we are throwing away money.)


We might get distracted by get-rich-quick schemes
or exciting promises from products.


We can get wrapped up in spending money on
a person or a cause that we have an emotional
attachment to.


But what do we have to show for these things at
the end of the day?
-Splurges for incidentals are gone immediately
-People can leave
-Groups can disappoint


Most things have no secondary market; "things"
you buy typically are of no use once you take them
home. Once people receive money, there's no way
to know if they'll remain loyal, pay it back, be
appreciative, etc.


The only guarantee is to employ money over the
long haul to work for you;
+ A home you can live in
+ A vehicle you can rely on
+ School for a talent that is marketable
+ Health & Wellness


But we are human, and emotions play a part.
It takes discipline and training to learn s new skill
set, wherein we can refrain from making impulse
buys simply because something is 'cute,' on sale,
or we think it will endear another person to us.


Will the expense really satisfy us?

Is the idea that we will feel better true, or is it
a marketing lie we are buying into?

How important is a purchase to our quality of life?


If we feel like we can't put off a purchase decision
for 24 hours without suffering anxiety or feeling
like we're 'doing without,' that's a problem.