5min chapter

Maven Money Personal Finance Podcast cover image

275 - Megasode - The Greatest Hits

Maven Money Personal Finance Podcast

CHAPTER

Is the Car Payment a Basic or a Luxury?

Every decision we make about money, we then tell ourselves a story. So back to Seth Godin's definition, money is the story we tell ourselves. I'd argue my car payment is actually a luxury because I could easily get away with something that's more basic. Cleaning and gardener are luxuries as they give you more time for family life. Food comes into the basics - but people spend too much on it.

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