← The Practice of Financial Living
The Practice of Financial Living · Card 2
Choices & Trade-offs
Every yes is also a no.To what the money could become.
- Said out loud
- Left unsaid
- A ₹3 lakh car upgrade
- A ₹3 lakh house head start
Every yes to a big purchase is also, quietly, a no to everything else that money could have become; the real choice is always between the thing bought and the thing given up, not between buying and "nothing."
In Practice
Saying yes to a ₹3 lakh car upgrade is also, quietly, saying no to a ₹3 lakh head start on a house down payment; both are real, only one of them got a decision made about it out loud.
Generic Example
Saying yes to one weekend commitment is also saying no to whatever the free version of that weekend would have become.
Ask yourself
What did I actually choose instead, the last time I said yes to something big?
Ties back to Think Before You Spend