Want Streaks

A technique for delayed gratification and giving yourself permission to make purchasing decisions only after you have given them enough thought.
Adam

Written by Adam on 2016-08-21. Blog, Minimalism. 1 comment. Find out how I make money.

When you really want something, and you have the means to get it, what do you do? How do you measure your desire to gauge if this isn’t a decision you’ll regret later? Learning about delayed gratification can help build a muscle that serves many uses.

dominos

Streaks

One technique I use for this, is to ask myself “Do I want this with 100% of my being?”. That’s a bit of a deep question when you’re buying a video game, or something rather inconsequential, but it gets the point across — that this is something you wouldn’t want to live without. I imagine what life would be like the day I got it, the day after that, the month after that and the year after that. If it’s still 100% on all of those days, then the streak starts — with 1.

Depending on the price of the item, I have a personal rule that I need a streak of the price of the item divided by $50 before making any large purchase. So for a $300 PlayStation 4, I would need to answer those questions and have it return a yes 6 days in a row. This isn’t an instantaneous question where I ask myself and get an answer, but a thought exercise thinking about the device potentially sitting unused a year from now, and understanding if I would be 100% OK with that.

Your number may be less or more than $50 — whatever works for you. If you are practicing poverty, then this exercise should be easy.

Completing a Streak

The situation imagined changes for every purchase, and for things under $100 I don’t use this visualization for — unless it’s something I expect to still be in my life a year from now. After waiting the required number of days, if you’ve been able to maintain your same level of desire, then this usually means that this is going to be a positive addition to my life.

This doesn’t work for everything. If you’re making a large purchase, like buying a house or a car, you can’t use this same technique. That doesn’t mean you can’t apply some of the same mindfulness to these additions though, but with, perhaps a different measurement.

Adam

Hi, I'm Adam! I help millennials invest to reach financial independence sooner than they ever thought possible. Want to see what you could do to reach FI sooner? You're in the right place!

1 Comment

Why not add to the conversation below? Your voice is welcome!
allendave6945

allendave6945

August 20, 2024

I lost my job few months back and there was no way to get income for my family, things was so tough and I couldn’t get anything for my children, not until a met a recommendation on a page writing how Mr Bernie Doran helped a lady in getting a huge amount of profit every 6 working days on trading with his management on the cryptocurrency Market, to be honest I was skeptical at first but I took the risk to take a loan, and I contacted him unbelievable and I was so happy I received a profit of $15,500 with an investment of $1500 within 7 days of trading , the most joy is that I can now take care of my family, i am just sharing my testimony on here. I don’t know how to appreciate your good work Mr. Bernie Doran, God will continue to bless you for being a life saver I have no way to appreciate you than to tell people about your good services. He can also help you recover your lost funds, For a perfect investment and good return on investment contact Mr Bernie Doran on Gmail : [email protected] his telegram : IEBINARYFX or his whatsApp : 1 ( 424 ) 285 – 0682

Minafi - The intersection of FI, minimalism & mindfulness.

Don't miss out on new posts, courses, interactive articles and more!

Join & Get Your First Course Free

© 2024   Adam Fortuna

Site Map
Triangle Graduation Cap Angle Down Book regular Phone laptop regular fire regular fire regular search regular Acorn duotone Seedling duotone