The Difference Between Wants & Needs

So you want to become wealthy? While there is no single road to getting there, it's a sure bet that one principle is in place for those who keep their wealth over a lifetime. Live beneath your means. Spend less than you make. Don't spend more than you can afford. It doesn't come any simpler than this. If you want to create wealth, you have to learn to do this. It doesn't matter if you make ,000 a year or million, if you don't learn how to master the step of spending less than you earn, you'll never create lasting wealth.

Car Tvs And Dvd Players

While the concept is simple, chances are you are not following it. In all likelihood, you are living paycheck to paycheck, treading water. No matter how hard you try, you never seem to get ahead. Even when the raises come, the money still disappears just as fast. If this sounds like your situation, you probably have not mastered the difference between needs and wants.

Car Tvs And Dvd Players

First, it's important to realize that wants and needs are not the same. When you read that sentence, you probably said to yourself, "Of course, everyone knows that." Again, while everyone may know this intellectually, it is a good bet that you aren't completely honest with yourself when it comes to the things you purchase.

How many times have you heard (or for that matter said yourself) "I absolutely need (fill in the blank)" when in reality the meaning was "I really want (fill in the blank)?" I can't live without those shoes...I will die if I can't have that ring...I simply have to have that car...the list can go on and on. Please don't get me wrong. These are phrases that we all use. That is why it's important to step back and remember that wants and needs are not the same.

It's important at this point to make clear that taking the time to critically look at your current lifestyle and what are the true needs versus those things that are convenient wants will go a long way in saving you money and enabling you to spend less than you make. Let's take an example of your TV. Is your TV a need or a want? Although I can hear the arguments already rationalizing why a TV is a necessary part of your life, the truth is that it is more than likely a want. In most cases, it is probably an affordable want (The exception may be if you decided you had to have that 50 inch state of the art plasma television with the price tag of a small car). The question is whether the digital cable TV, 6 premium channels, satellite dish, the on demand movies, the DVD player with movie selection, etc are all also affordable wants?

Here is a list. Take a few moments to jot down what is a need and what is a want.

shoes designer suit water large apartment bed ice-cream lottery tickets car entertainment center club membership lunch concert tickets trip to Hawaii medicine necklace computer daily espresso cellular phone golf clubs furnishings

Unfortunately, the answers to these questions are not completely black and white. What may be a want for one person may be a necessity for another person. For example, let's take a look at a computer. If you make your livelihood on the computer, then a computer is a necessity for you. If you only use a computer to play the latest online games, then it isn't. Knowing this, we can still make some pretty good guesses as to what are wants and what are needs from the above list for most people. Shoes (and clothing in general), water, bed, car, lunch, medicine and furnishings are good bets to be needs. Now that doesn't mean that the latest model, 4 wheel drive sport utility vehicle with all the extras counts as a need for most people, but basic transportation to make a living does.

A large apartment, computer and cellular phone may or may not qualify as a need depending on your particular circumstances while a designer suit, ice-cream, lottery tickets, entertainment center, club membership, concert tickets, trip to Hawaii, necklace, daily espresso and golf clubs all probably fall into the want section.

If you can take the time to start being honest with yourself, you will find that a lot of the things which you assumed were an absolute necessity until now are in reality nothing more than wants. Once you distinguish between the two and look at these issues objectively, you have placed yourself in the position to live within your means by simply asking yourself whether or not an item or service you are about to purchase is a need or merely a want.

Copyright (c) 2004, by Jeffrey Strain

This article may be freely distributed so long as the copyright, author's information and an active link (where possible) are included.

A complimentary copy of any newsletter or a link to the site where the article is posted would be greatly appreciated.

The Difference Between Wants & Needs
Car Tvs And Dvd Players

Christmas Sales Azend Group Envizen Digital ED8850B Duo Box Pro 7-Inch Handheld Digital TV/DVD Player with Built-in Tuner, Carrying Case and Car Adapter 201

Dec 18, 2011 17:33:19

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Azend Group Envizen Digital ED8850B Duo Box Pro 7-Inch Handheld Digital TV/DVD Player with Built-in Tuner, Carrying Case and Car Adapter

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Christmas Sales Azend Group Envizen Digital ED8850B Duo Box Pro 7-Inch Handheld Digital TV/DVD Player with Built-in Tuner, Carrying Case and Car Adapter Feature

  • NOTE: This product is identical to the ED8850A. Envizen has upgraded all firmware on the ED8850A version to match this ED8850B version.
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The Envizen Digital Duo Box Pro is the new and improved version of the successful Duo Box. It is still the only entertainment system that allows you to watch TV, play DVDs, enjoy slideshow digital photos, and listen to music all on one device. However, the Duo Box Pro has a unique built-in internal battery that makes the device even more compact and portable than before. You can take this lightweight device with you traveling, on the airplane, to your office, or anywhere you want some entertainment. With the built-in ATSC digital tuner, the Duo lets you watch all available digital channels. Its portability and versatility, along with the vivid 7-Inch screen, makes the Duo the only portable multimedia device you’ll need to own. The Duo is a portable digital TV that also supports all your favorite forms of entertainment. You can watch movies and your favorite sitcoms, hook up your favorite video game consoles, or even listen to music and share photos with friends, all on one device.



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