Buyers Remorse is often a painful experience that happens as the result of Impulse Purchases. In class this week at the Bauer College of Business at University of Houston we had a very interesting conversation about how to avoid the depression, anxiety, and shame that comes from spending money unwisely.
5 Rules Based on Class Notes
Normally, I ask a few students to take notes to remind me of the topics we wrote on the board as each lesson unfolds. This week, I forgot to ask for volunteers so I had to make up my own notes from memory. Imagine the paradox in that statement.
Hope you enjoy today’s show which is based on one of the 12 Collegiate Lessons in Personal Finance: Consumer Awareness – Buyer’s Beware!
1. Research First!
2. Know WHY
3. Think About All Those Other Options
4. Sleep On it.
5. Partner Up
Wise counsel – and lots of it – can be the best and MOST valuable resource in your life. And its FREE!!!
Click Here to Calculate Your Retirement
Near the end of today’s show, I spend about 5 minutes talking my way through a Jing video tutorial. The purpose of this tutorial was to show my friend Sam how to calculate his own retirement. Sam bought a Universal Life policy this week. The total annual investment for this life insurance policy is $10,000. I suggested to Sam that (rather than using his life insurance program as a retirement investment) he should learn how to compare some other options for investing his $10,000 a year.
We’ll have several more conversations but this will give us a great starting point. And, this is the assignment for the students in personal finance at the Bauer College of Business at University of Houston.