And the first thing he asks is... do they give away free money? If they have spare cash and want to give it away he's most willing to accept it...
Now... once again, I'm not saying what's right or wrong. I just want to try to reverse engineer what's going through his mind... cos I was once like that...
I still use money and would love to get more free money...
But... that's not the point of getting stuff free.
It's just a different mentality...
So I think to myself... why does he want more money? Why does he want it for free?
And I see his lifestyle... buying frivolous stuff.
I mean, by all means, he makes money he can spend whatever he wants.
I see him buy stuff, and leave it in the house, unconsumed. He buys food, take a piece, leaves it in the fridge for months til it expires and he discards it. I know, I've been to his place and helped myself to his expired stuff in his fridge.
Many pieces of household items, he does the same thing, buys it, thinks it's going to be useful, but leaves it to collect dust...
He the kind of person who sees his friend buy a new car and he's inspired to buy a new car too. And he has to convince himself that he doesn't need a new car.
I don't know... maybe he has a lack of financial sense, or lack of discipline, or lack of frugality, or doesn't see the cause and effect that spending is causing him to need more money to feed the spending. Or he just loves the dopamine when he indulges in spending. It's just the act of spending that people like, and what they IMAGINE the item would do for them. The feeling is fleeting. After they get the item, the REAL use might be less that what they IMAGINED it to be.
He mentioned before, if he stikes TOTO, he's going to buy 2 cars. One to drive to work another for showing off on weekends. SO... you get the picture of the kinda person he is...
As I said, he earns his money, he can do whatever he wants. I'm just sharing some background to readers can understand the profile as I continue my story.
His spending habits AREN'T abnormal.
Anyway... so as I was thinking... IF someone gave him free money? What would he do? Well... spend it all. That's it. He's not the type to be happy with an additional $50. That's nothing to him. He would love another free $50, but it wouldn't last long...
So I think... how would extra money benefit any of our lifestyles? What would YOU do with extra money?
Cos... IF you can get $50 worth of free vegetables for weekend activity, it's the same as EARNING $50 on a weekend activity. And most people don't earn any money on the weekends.
To me, I find vegetable collection a fun activity, and I enjoy doing it on a weekday. Cos my wife would hate to sweat it out on the weekend.
If you join the "freegan" community, and you get a free oven... Doesn't that mean you got a free $50, cos you didn't need to spend it? Every dollar saved is a dollar earned... So in real terms, the "freegan" community IS giving away free money. Cos it helps people save money by not spending.
BUT... and it's a BIG BIG BUT... BUT... most people don't see the money saved. Cos most people don't track expenses and basically, if they have money in the bank, they just spend it. If they have less money at the end of the month, then they just taper off the spending til the salary comes in...
So... when they get free stuff, the extra money just gets converted to other kinds of spending.
So the question comes back again... why do you want more money?
Are you someone who wants to buy more stuff? Cos you just love to buy stuff?
I know people who sees something, wants it, and buys it... I've talked to them before. Their response is... "Why should I suffer and deny myself this item?"
This mentality baffles me. Cos my thought process is pretty much like... I see an item, I don't want it... then it stops. I don't suffer cos I don't deny myself the item.
I know of lower income people. Who join the freegan community and they get free vegetables and items. But similarly, the amount saved in grocery spending doesn't translate to real savings for their financial future. Basically, the amount saved from grocery spending just gets re-allocated to other forms of spending. And the thing is... for a lower income family, the savings IS significant.
If you earn $2000 per month, and you can save $200 due to free vegetables, it's like earning $2200.
This additional $200 could be used to save, or buy better insurance, etc etc.
And once again, when I talk to them, they don't know where the excess savings has gone to.
So same question... why do you want more money? If you don't know where it goes it, means that extra money isn't important. It's just a leaky bucket. Any additional money just disappears. So with or without that extra money, there would be no change to your life anyway.
This happens to me too. Cos my spending is controlled by my credit cards. As most readers know, I try to spend $500 on each of our UOB ONE cards. So we have around $1000 in discretionary spending every month to capitalize on the bonus interest in the UOB One account. When I'm not hitting enough expense, I try to increase my spending when I go out and eat. Usually, I'm not very successful and I have to prepay my telco bills to make up for any additional short fall to push the spending to above $1000.
I've been officially saving on groceries for around 2-3 weeks, and somehow, our weekend spending has also dropped, I think we've been eating at hawker centers more cos our Entertainer App expired and we didn't buy it for this year, so we only use Eatigo and Fuzzie. So our dining out at pricey places has also somewhat dropped.
This month we went to the dentist... $196.
And I prepaid our telco bills for next month. $83 Starhub + $29 M1. The Starhub bill includes her family's bill so she gets reimbursed for that portion.
And our spending nicely hit $1008 for the month.
This means that my usual monthly spending could be dropped to $700.
The point I'm trying to make is that if I didn't go to the dentist, I would have found some other way to spend that additional $200. BUT since I went to the dentist, I naturally adjusted my spending to be within the $1000 limit for the month.
We got an additional $20 voucher from Cold Storage from using the AIA Vitality App.
And these vouchers have a really really short expiry time frame. Just a couple of weeks.
And we were having some difficulty spending the vouchers. Nonetheless, we induced some spending at Cold Storage to use up the vouchers... it just feels so weird spending money at a supermarket these days.
The thing is... most of the time we don't notice how we spend the money. So I go back to the start of this post... Why do we want more money?
If we know and plan what to do with that additional money... Then that's all fine and great cos it helps to improve our lives in future.
But if we just spend it frivolously, then there's no difference in getting an additional $50 or an additional $1000. Cos it's going to be the same as flushing the money down the toilet.
Of course different people have different wants and desires and spending patterns would differ from a low income person versus someone who is of higher income, etc, etc. Everyone is a free person and is free to live whatever life you want to live, and I'm not here to say what's right or wrong.
My posts are usually to try to make people to ponder a little bit more.
So.... Why DO you want more money?
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