Chapter
The Ethics of Buying a Used Peloton
48:48 - 54:16 (05:28)
The host contemplates the ethics of buying a used Peloton from a friend, admitting that despite wanting to promote frugality, the real thing is "so good." He explores the financial trade-offs of purchasing luxury items, especially when it comes to long-term decision-making.
Clips
The speaker discusses the benefits of being frugal and the satisfaction it can bring, but also acknowledges the irony of ultimately purchasing and enjoying a used Peloton from a friend.
48:48 - 51:51 (03:02)
Frugality
Summary
The speaker discusses the benefits of being frugal and the satisfaction it can bring, but also acknowledges the irony of ultimately purchasing and enjoying a used Peloton from a friend.
ChapterThe Ethics of Buying a Used Peloton
Episode#065 - Chris Hutchins - The Basics Of Money Management
PodcastModern Wisdom
Building a cashflow model and running simulations is the best way to make financial decisions aligned with your priorities, however, it is crucial to know whether you have more important goals that require the same funds before making any decisions.
51:51 - 54:16 (02:25)
Financial Planning
Summary
Building a cashflow model and running simulations is the best way to make financial decisions aligned with your priorities, however, it is crucial to know whether you have more important goals that require the same funds before making any decisions.