Lewis Howes

And then T is for timing.

Is now the right time to buy this thing?

It may not be a bad thing, but it might be the right, the wrong time to buy that thing.

This is opportunity cost.

You know, if I spend five grand on the vacation, I can't put five grand toward the car fund that we desperately need.

And so if you can go through those and say yes to all of them, you can spend with such intentionality and confidence.

And too many people just don't have a framework to spend.

They just do it impulsively or with guilt and then go, I shouldn't have done that.

Where can they get that framework at?

That's in my book, Breaking Free from Broke.

I've got a whole chapter called Spending is Self-Control, where I walk through how to sort of free yourself when it comes to spending.

And I wrote that chapter for me as someone who needs to let go.

So I need to create a framework for myself.

That's great, man.

To feel good about it.

That's right.

Do you have one?

Is there a standard definition that you use?

Everyone has something different.

No, don't spoil it.