Getting things off your list.

[aoluain]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

You are wrong and completely wrong, have you heard of delayed gratification?

You might have need and want list but both are not same, more you delay the want list then more chances to become less and lesser.

And when you have atleast 10 times more cash than the cost of your wanted product in your bank account then just go for buying it.

This reply is very similar to what I am thinking. There is far too much "want" in
the world today which leads to over consuming which is killing this planet.
Delayed gratification for things we want usually results in us realising we
dont actually need them.

Delayed gratification is beneficial especially if we factor in Bitcoin, for example
if you NEED something today but can delay its purchase until December you
wont have to use as much Bitcoin then even though the items price may have
gone up.

I thought this thread was going to be about something elae particularly after
the OP's opening line "strike things off your need/want list and be content"

I thought it was going to be about not buying that new latest watch, phone,
car, clothes etc. but keep your funds for more essential stuff.

[Mauser]

I like your approach to do things more quickly, it's a good way to life in the moment and to not procrastinate. This is a problem I have myself where I keep postponing things until the last minute. Being more proactive when it comes to small things is good, but when it comes to larger purchases I am not sure. Buying a house or a apartment is a very serious investment, we do such kind of purchases maybe once or twice in life. Rushing such a decision can be problematic because we will locked into it for many years. Loans for buying an apartment usually run for 10 years, so if we rush into a bad loan we might not be able to get out of it. Same goes for the actual place we buy, we need to be sure it's not a lemon we are buying. For example how is the wiring in the apartment, maybe it's not modern enough and we need to renovate in a few years. Same goes for the roof or basement, when it comes to such important decision we should really think it over.

[Hippocrypto]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

Having those kind of plans like you want is such a great things. But, I think it's not that simple to do such things quickly. I also wish to buy even a simple things for my family such as house or any thing that can make them happy but, it's not that simple, you must need to double your hardwork for you to grant all of that wishes. Of course I want to buy anything I want because it serves us my self reward. If really I can afford it then why not. If you can afford it and it is necessary, then why not buy anything you've planned. I know it will make you happy.

[TheNineClub]

That is not a bad strategy, however, for things like buying a house, that really isn't a viable solution. Not a lot of people have the funds to buy a house quickly and lay need to save up for years to do so. I know it depends on your country of origin, but thi is more or less universal. Sure, it can be done if you have the money ready, but that's a diferent topic.

[so98nn]

That's such a broad "advice" that it could mean multiple things.

If you meant that just buy that thing asap just to get it done with, then prooobably not a good idea.

On the other hand, if you meant buy that thing if you already have enough savings for a rainy day, that your finances are already managed really well, and that you've already done your monthly DCA investment, then probably; sure.

I think what he meant is real simple buy the things which you need, wait for your turn to buy those things which are way expensive for ya at this time. I think it’s okay to be like this if we are on medium scale wagers and has a family to look after. I have observed my parents who are chief wage earners would always go after the dreams of rest of family rather than theirs. Their priority is always grocery and food, important stuff required to run the house like fuel, different bills, etc. I think that’s what it is, you don’t overspend on unwanted things.

[LogitechMouse]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

Prices of houses decreases as they are being used but the price of land increases.
Cars? they're depreciating because a new model are launching anytime. Its just like smartphones that depreciates its price as a new model is released so its the same as cars.
Home equipment? Same as cars. As they are being used, the price of it decreases.

In general, I don't think that this is true. Prices increases yes because of inflation that makes the buying power of money goes down therefore, prices of everything increases from foods to cars to equipment. As for me, I'd rather invest my money than buying something like land or car. Delayed gratification is what I like to do .

[LastKiss]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

Well if you have one house then u will need another house, if you have a car mostly u want to have another car the more expensive one. It's not about how fast we take out our what we need from our list but we need to think it thoroughly like do we really need that car? Mostly our mind just thinking what we like not what we need also we need to be grateful for what we already have 

[Piggymonster]

I wish it is this simple. From where I'm living, an ordinary person wishes to buy a house as early as possible, but ends up buying one only after retirement at 60 years old or above. My parents must have wished to buy a house as well. Today, they're both old and separated. They were never able to build one for the family. It is very common for an ordinary person or family in my country to wish to have a car one day. To the majority of them, that wish will remain so until the day they die.

I felt emotional after reading your post, life is hard specially in poor countries and now when the  pandemic hit makes life far worse for the poor. Economic crisis, job loss and unemployment stress many families are struggling to put food on the table how much more on buying a house and car?. Though life is tough, but it is not a hindrance to live a comfortable life. The best things in life are free, they come in the form of good health, family, love, friendship, simple pleasures, we should focus on improving the quality of our life not on just acquiring material wealth.  

[kryptqnick]

What the op's suggesting only works for wealthy people who have the money to buy stuff but just stall for some reason. Also, I'm not sure that I fully agree with this. For instance, buying a house is a bigger and more important decision than buying a mixer, so perhaps not rushing with the house and not overspending on a mixer when you need more money for the house makes sense. I'm against cars, but I'm sure the same goes for it: people aren't usually willing to buy a random car; they want it to feel right and to cost reasonably (in my country, there's a problem with cars being more expensive than in the EU, for instance, because of high taxation rates). It's important to have a list, and to get things off when possible, but some big decisions like the kind of house you buy require more thought than the kind of cooking utensil you buy.

[ChiBitCTy]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

To some extent I like what you are saying here, but to another I'm not sure all of this is exactly how people should be approaching things.  Often time waiting to purchase things means you can leave the money you currently have invested to continue to grow and save it for an even more appropriate time to purchase them.  Right now that new TV I want I could easily have but do I really want to see some of my stocks or bitcoin in order to purchase that, especially when I believe they are in a strong accumulation phase? Not so sure.

[Snappycoco]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

Well for me, invest first before you buy those things that you want. I'm a teenager who's suffering from financial crisis and having a 3rd world country is making it much worse. Reading and watching youtube motivational videos also makes me disagree with you. Lots of my followed financial advisors in YT preferred to invest first before buying things. 50/30/20 rules applies as well. 

[Findingnemo]

snip~

Even we can take Warren Buffett as an example why the delayed gratification will give more success than buying everything as soon as we can and the real fact is the list is going to be never ending, if we buy a new latest Apple products it will be old by the next year so we have to buy new launched gadgets which is waste of money.

[Darker45]

I wish it is this simple. From where I'm living, an ordinary person wishes to buy a house as early as possible, but ends up buying one only after retirement at 60 years old or above. My parents must have wished to buy a house as well. Today, they're both old and separated. They were never able to build one for the family. It is very common for an ordinary person or family in my country to wish to have a car one day. To the majority of them, that wish will remain so until the day they die.

I felt emotional after reading your post, life is hard specially in poor countries and now when the  pandemic hit makes life far worse for the poor. Economic crisis, job loss and unemployment stress many families are struggling to put food on the table how much more on buying a house and car?. Though life is tough, but it is not a hindrance to live a comfortable life. The best things in life are free, they come in the form of good health, family, love, friendship, simple pleasures, we should focus on improving the quality of our life not on just acquiring material wealth.  

I agree, of course. After all, comfort is relative. I don't say that poor families living in small huts, sleeping on the floor, cooking with firewood, and so on are not living a comfortable life. As a matter of fact, I have seen genuine happiness in many of them. But they, too, have dreams.

However, I don't actually disagree with OP. Getting things off your list as soon as possible is better than having it delayed, that is if you have the money and those things on your list are things you actually need. This is what inflation and monetary devaluation is all about. Buy it today because tomorrow things are going to be more expensive.

[Issa56]

I really agree with your post, if you really need something at that moment you just have to get it, but you don't have to buy things with all your funds you should be having savings incase if thier is emergency you don't just buy things before buying things you should plan yourself so that you won't endup selling something after buying them incase you need money for emergency purpose but you still have to buy the useful things you need.

[mu_enrico]

The classic inflation thing.
It's true that the price will always increase (based on the historical data), but it doesn't mean it will increase significantly in short time, thus your suggestion to spend money in a rush just because inflation is not correct. Also, there's economic cycle of scarce-abundant period, for example buying computers (PC, laptop, smartphone, GPU) now isn't a good idea because of the abnormal demand + supply shock. So if your old computers are still good, it might be wise to wait until the price goes down.

[Myleschetty]

Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

Everything you said is all good but people still need to put their investment and capital into consideration before making the decision because the items bought now may affect the chance and opportunity to make the needed x10000 profit.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

That's the problem with fiat currency but I don't see it as something that should bug my mind cause when the time is right I will definitely have it no matter the price and what's important is buying the items at my convenience time.

[Fredomago]

The classic inflation thing.
It's true that the price will always increase (based on the historical data), but it doesn't mean it will increase significantly in short time, thus your suggestion to spend money in a rush just because inflation is not correct. Also, there's economic cycle of scarce-abundant period, for example buying computers (PC, laptop, smartphone, GPU) now isn't a good idea because of the abnormal demand + supply shock. So if your old computers are still good, it might be wise to wait until the price goes down.

Plan before doing anything, it's much better to have additional options instead of rushing things out, there are ways to maximize everything, but if you have that capabilities and you really aiming for it, you can go on just make sure that you have additional or extra funds for any emergency, never to use everything inside your pocket.

Always think that in somehow you will encounter things that are not on your list, or less to your expectations, it's best to keep some allocated funds for this before jumping and pleasing your lust.

Each person has their own mindsets. Just take what you think is good for you and let things happen according to how you see and dream about it.

[el kaka22]

What the op's suggesting only works for wealthy people who have the money to buy stuff but just stall for some reason. Also, I'm not sure that I fully agree with this. For instance, buying a house is a bigger and more important decision than buying a mixer, so perhaps not rushing with the house and not overspending on a mixer when you need more money for the house makes sense. I'm against cars, but I'm sure the same goes for it: people aren't usually willing to buy a random car; they want it to feel right and to cost reasonably (in my country, there's a problem with cars being more expensive than in the EU, for instance, because of high taxation rates). It's important to have a list, and to get things off when possible, but some big decisions like the kind of house you buy require more thought than the kind of cooking utensil you buy.

Making that type of decision is something that people do not really think about too long in most cases because it is something you could be very very wrong and people do not want to know about it. For example, my mother in law bought a house way back in the day, maybe 10+ years ago. She bought a house that doubled in value and that sounds good right?

Well, many houses went 5x or even x10 in my nation and imagine if she bought bitcoin with that money. They would literally be billionaires right now with the same amount of money if they bought bitcoin 10 years ago. So all in all even if they put some type of money into "known" investments, they would still not be able to do anything remotely close to crypto profits hence it is not really a great decision.

[Ultegra134]

That is not a bad strategy, however, for things like buying a house, that really isn't a viable solution. Not a lot of people have the funds to buy a house quickly and lay need to save up for years to do so. I know it depends on your country of origin, but thi is more or less universal. Sure, it can be done if you have the money ready, but that's a diferent topic.

I'm all about setting goals in your life, starting from the smallest daily ones, to major accomplishments in life. However, seeing this as a 23-year-old student, while I get OP's point, it's not really viable for me to obtain a house, nor to look forward to buying one in the near future. My point of view, regarding this matter is setting goals that get you ahead in life, and possibly covering deeper, psychological subjects, such as finding what you're passionate about, or finding your purpose in life.

[Smartvirus]

In other to archive this, one needs to establish a 'want and need' concept to effectively distinguish that which is most necessary from that which isn't. Ones this is done, holding back becomes less of an option for you. Its not often about the getting it but then, the resources and conditions necessary to satisfy its maintenance. Thinking that through and satisfying the fact that, it could be all handled, its a bright green light. It lifts a lot of thoughts and time of trouble of uour shoulders. Else, you just keep bugging yourself with it everytime and that doesn't solve no problem. Just think it through sharply and get it.