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Distinction between Needs and wants
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[QUOTE="moonchild, post: 217783, member: 57467"] There's a lot of difference between wants and needs, needs are what should be met immediately and wants are our desires and sometimes we even let our wants erodes our needs, there's nothing wrong with that I think it's just human nature. For example, let's say your budget is 100k and you need a phone with basic functionalities like making phone calls and sending messages and browsing, with 30k you'd be able to do that but might be wanting an iPhone, which cost like 80k for example and in this type of scenario only few will be able to assess it correctly. Distinguishing between wants and needs is an important skill to have when you're in you're still hustling, because it will help you to stay clear and focused on your goals. If you want to buy or invest or anything that has to do with finance make sure you analyze and see if it's a want or a need and make your decision from there. Making decision is hard for a lot of people me inclusive, but you can use a pen and paper to write it down and make your decisions based on facts. Needs are priorities while wants are desires. [/QUOTE]
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