| Financial Mistakes Part 2 It is at this moment that all previous life habits come together to affect the spending decision. If the final spending decision is a mistake, it will always result from any of your past subconscious habits. Since most of the people are not consciously aware of their spending mistake patterns, they don't learn from their mistakes. They keep on repeating the same spending mistakes over and over again.
Just as a talkative person can't quietly listen or a shy person can't be more outgoing when the situation warrants it, people can control their "spending personality" by becoming aware of it and consciously controlling it. As the emotions surrounding any given purchase change, spending personalities can change as well! Let's say that any given person can find buying a new shirt to be a real thrill, but buying a new car can prove to be a troublesome process. In this case, your spending personality might change from Impulsive Buyer (one who buys on a whim) to Passive Buyer (one who procrastinates). Because the emotions are different in each situation, your spending personality will always probably be extremely different as well! Spending based on your deeply felt values, rather than on every impulsive purchase, can save you a great deal of money over the years. Since only an idiot never learns from his own mistakes and it doesn't take a lot of intelligence to learn from your own mistakes, therefore, it doesn't also take true genius to learn from other people's mistakes! Regardless of how much genius it takes, one of the least expensive ways to learn from mistakes ... Is to learn from someone else's! Therefore, my best general mistake avoidance advice would be: Avoid Throwing Good Money After Bad! |  |
Just becoming aware of their spending mistake patterns can help many people control it. In this respect, spending personalities are similar to basic personalities.
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