"Never Buy That Again" (Patreon)

Patreon Exclusive. The Minimalists talk about their top three personal regrets; Malabama’s, Jordan’s, and Danny’s biggest purchasing regret; their audience’s regrettable decisions; why Joshua and Ryan are considering leaving social media; and they answer the following questions:

Is searching for “the best” a futile pursuit? (00:00)

What is the “paradox of choice”? (02:52)

What is the “second price”? (16:36)

What is the “opportunity cost”? (18:20)

When did the 30-year mortgage become the norm? (21:16)

How is a consumption tax a viable alternative to current taxes? (22:58)

What is your perspective regarding the slap incident at the Oscars? (26:33)

How do we negate the power to offend? (30:46)

What is your viewpoint regarding financing? (43:38)

What are your top consumer regrets? (49:39)

What are the “spiritual underpinnings” of money? (1:04:36)

What are “aspirational purchases”? (1:20:57)

How do we recoup the money spent on a purchase we regret? (1:25:11)

How do we get our money back from inadequate online courses? (1:27:31)

What can we do when we move to a new area and discover we regret the move? (1:30:06)

How do we recover from a significant vehicle purchase? (1:36:10)

What do we do about money misspent on beautification? (1:38:44)

How do we appropriately rehome a pet that was not a good fit for us? (1:42:10)

What can we do about tailored clothing that we regret? (1:47:26)

What do you use for time management? (1:51:04)

What do you use for luggage? (1:56:41)

LINKS

Article: Everything Must Be Paid for Twice

Audiobook: Grabbin’ the Bag

Bag: Pakt One

Book: Debt-Free Degree

Book: Love People, Use Things

Book: Total Money Makeover

Contribute: Bridging the Financial Literacy Gap

Course: How to Write Better

Explore: Consumption Tax

Explore: Paradox of Choice

Instagram: Mallory French

Instagram: Jordan Moore

Instagram: Podcast Shawn

Instagram: Jessica Williams

Instagram: Danny Unknwn

Listen: Canyon City

Podcast: Aaron Alexander

Podcast: Love People Use Things | NYC

Podcast: Simple Pets

Resources: The Minimalists

Subscribe: The Minimalists

Text: 937-202-4654

Tour: The Minimalists

Twitter: The Minimalists

Watch: Minimalism

Watch: The Big Short

Website: Beulah

MAXIMS

“Direct communication stops the regret before it starts.” —Joshua Fields Millburn

“Even not making a decision is a decision.” —Joshua Fields Millburn

“As soon as you learn the lesson associated with the regret, you let go of the regret.” —Joshua Fields Millburn

“When we recognize the desire behind the thing we want, we no longer want it.” —Joshua Fields Millburn

“If everything is valuable, then nothing is valuable.” —Joshua Fields Millburn

“Shame is tamed when guilt is jilted.” —Ryan Nicodemus

“Moralizing leads to self-righteousness.” —Joshua Fields Millburn

“If you have to finance something, you can’t afford it.” —Joshua Fields Millburn

“When you finance something, you’re giving away a piece of your freedom.” —Joshua Fields Millburn

“If you constantly focus on impressing others, you’ll depress yourself.” —Joshua Fields Millburn

“Being intentional leads to fewer regrets.” —Joshua Fields Millburn

“You retain power by your willingness to walk away.” —Joshua Fields Millburn

“Every purchase is a temporary purchase.” —Joshua Fields Millburn

This Maximal episode corresponds with Minimal episode 335.