The Money Mentor – Are You Wasting Time?

Financial advice podcast

[vc_row][vc_column][vc_column_text]< Prev: 2. How to Save Money

3. Are You Wasting Time?

Dave: “Exactly.

Borrow money for the shortest term possible, for the least possible amount of money. But isn’t it interesting; You mentioned that guy that’s so busy. My question is Busy Doing what? It’s probably not a bad idea to also keep a bit of a budget on your time because time is critical.

If you’re honest with yourself, you’re busy doing what? Watching TV? If you actually chop a few hours off TV watching in a week you’ll get a lot back. What are you busy doing? A lot of people complain, but they waste their time watching Netflix, socialising and drinking or whatever. Are you really that busy that you can’t work in your garden for 10 minutes an evening, or are you just making excuses? If you can do both Netflix and your Garden, that’s fine. It’s good to enjoy socialising and to have a bit of downtime, but if you’re short of money, please don’t complain.”

Interviewer: “Good answer Dave, good answer.

I think some of the other things that potentially run away on people are those little subscriptions that we all have, like Spotify. What does it cost? $17 a month? I imagine that those things just start adding up and you might have 3 or 4 subscriptions ticking over in the background that you’ve probably forgotten about in some cases.”

Dave: “Well, you wouldn’t need Netflix if you’re too busy spending time down in the garden. Would you?”

Interviewer: “Haha, that’s true, but people do need some downtime, don’t we?”

Dave: “Yes of course you do, but don’t waste your valuable time. We don’t always consider our time as really valuable; We just sit in front of the TV. We don’t value the time we’re wasting. If we just made a note of how much time we were wasting either in a notebook or a fridge-chart or something, you would be amazed how much time we’re wasting. This is time that you could spend having fun with your family, outside doing something useful, or even starting a second job.”

Next: 4. Money Saving Tip >

Listen to the full audio here[/vc_column_text][/vc_column][/vc_row]

Back

Related Posts

spending on a credit card
  • Advice
  • Financial Advice
Investing, saving or spending in NZ? The 6 steps of financial planning 💸

image

by ash

February 15, 2024

reduce debt
  • Advice
  • Help With Debts
  • What To Do
Smart Strategies for Reducing Debt on Loans: A Step-by-Step Guide

image

by ash

April 27, 2023

starting a business nz
  • Advice
  • Business Finance
  • What To Do
7 Tips For Starting A Business On A Tight Budget In New Zealand

image

by ash

April 4, 2023

how to build your credit score
  • Advice
  • Financial Advice
  • Help With Debts
  • Personal Loans & Finance
Should I Get A Loan? 5 Questions To Ask Yourself

image

by ash

November 18, 2022

Blog Images Thinkroom
  • Advice
  • Financial Advice
  • Help With Debts
  • Personal Loans & Finance
Check Credit Scores Online For Free

image

by ash

October 28, 2021

money issues causing stress and anxiety
  • Advice
  • Help With Debts
The physical and mental health challenges surrounding debt

image

by ash

July 26, 2021

debt consolidation
  • Advice
  • Help With Debts
Get Debt-Free Faster

image

by ash

February 2, 2021

Best New Year's Financial Resolutions
  • Advice
Top 5 New Year’s Financial Resolutions

image

by Ash Horton

December 30, 2020

Save money at Christmas with Secret Santa and other creative gift-giving ideas
  • Advice
Christmas savings with Secret Santa and creative gift schemes

image

by Ash Horton

December 21, 2020

NZ Finance Company Price Comparison - Who is the best?
  • Advice
NZ Finance Company Price Comparison – Who Is the Best?

image

by Ash Horton

November 27, 2020