WANTS and NEEDS

The most important thing is to understand the basic difference between WANTS and NEEDS. They are absolutely not the same, and they are ways apart. There are about 70% things that you do everyday, that are just your “wants” and not “needs.” There might be things that you would like to do, and you might judge them to be your need, whereas in reality, they are your wants, but you do not realize it. So, everyone might know the difference intellectually, but please be honest to yourself when you purchase things.



When you say “I badly need ______(fill in the blank)”, do you really mean it? Actually the meaning is “I really want _____(fill in the blank)”. So ask yourself the same questions a little differently. Something like this “Will I die if I don’t have ____?” or “Will I lose my job if I don’t have ___?”

Ask “Will I ______(fill in the blank with adverse consequences) if I don’t have (or do) ________(fill in the blank with your wants)?”. If you genuinely answered yes then that is a real need and you have to address it, else you should pass on.