Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

In this episode, we ask:

• • Once upon a time, did you cut up a credit card?
  • What about six year term loans on cars?
  • What about consumer debt?
  • Where are we now?
  • Are Americans drowning in debt?
  • What’s the difference between the last recession and now?
  • What’s the bright side of the pandemic?
  • What has happened to consumer debt?
  • What is different now?
  • Are we buying as much?
  • Will we go back to the spending spree?
  • When will the debt chickens come home to roost?
  • What about relationships?
  • What about experiences?
  • Do you remember what gifts you received from the holidays 5 years ago?
  • Who is in debt?
  • What did Mark learn from Katrina?
  • What is the principle of Occam’s razor?
  • How does this principle look in action?
  • Are your subscription services multiplying?
  • Do you eat take out every night?
  • Do you have memberships?
  • Have you recently taken stock of your spending habits?
  • What are the six tips?
  • What is a want?
  • What is a need?
  • Are you sexy? Sophisticated? Cool?
  • How do advertisements affect our behavior?
  • Are you able to take a box breath?
  • What is a box breath?
  • Can you inhale for four counts?
  • Can you hold your breath for four counts?
  • Can you exhale for four counts?
  • Can you hold your breath for four counts?
  • Could you take a box breath before a purchase?
  • What’s the worst thing that can happen if I don’t purchase the thing?
  • Will buying this give lasting pleasure?
  • What about the spending pleasure meter?
    • Will the purchase be a real pleasure or a real waste?
    • How long have I wanted this?
    • Did I want this before I saw something else similar?
    • The last time I purchased a similar item, how long did the enjoyment last?
    • If I finance or charge this item, will I still be paying for it after the pleasure is gone?
    • Can I postpone this purchase for a month without causing harm, discomfort or inconvenience to myself or others?
  • What’s the score card?
  • Would you like to fill out the Spending Pleasure Meter?
  • Would you like to send a screenshot of your results to hello@nyafinancialpodcast.com?
  • How can you curb the impulse?
  • What about wrapping up the credit cards with paper stating your goal?
  • Have you written out your financial goals?
  • What really makes you REALLY happy?
  • Do you want to clean that thing?
  • What do you want to enjoy today?
  • How long does the “happy” last?
  • When is the expiration date?
  • What is perceived obsolescence?
  • Are you a visual learner?
  • Can you see yourself throwing away the item?
  • What is the hedonic treadmill?
  • What about Parkinson’s law?
  • How do we pursue happiness?
  • What is your happiness set point?
  • What about lottery winner happiness?
  • What about paraplegic happiness?
  • What about the baseline?
  • Can our long term average level of happiness change?
  • How might we impact our baseline level of well being?
  • What voluntary, internal circumstances are under our control?
  • Are we consistently and constantly grateful?
  • How does gratitude help us become a more conscious spender?
  • Do we crave material goods?
  • What about loving kindness meditation?
  • Do you notice and accept your emotions?
  • How might you simplify your life?
  • How might you find meaning and pleasure?
  • What about vocations and hobbies?
  • What are you grateful for?
  • How might you cultivate your relationships?
  • What about the mind body connection?
  • What about exercise?
  • What are your spending triggers?
  • What are some strategies?
  • Want a bonus tip?
  • What about Richard Thaler?
  • What if we took the best parts of human behavioral psychology and applied it to spending?
  • What if you moved money from savings to checking (instead of checking to savings)?
  • What did Warren Buffet say?
  • What are the takeaways?
  • Would you like an intro call with Mark?
  • What about a spending journal?
  • Could HR start depositing your check into savings instead of checking?
  • What about the spending pleasure meter?
  • Would you like to leave us a review? Send us a screenshot to hello@nyafinancialpodcast.com and we will send you a FREE book!
  • Would you like to join us for our upcoming webinar on Saturday September 12 at 10AM CT?

• If you haven’t already, would you like to join our mailing list?