Financial Freedom vs. Instant Gratification—Which One Are You Choosing? | Ep 8

In this episode of the Make it Personal podcast, the journey through the Seven Principles for Your Success continues with Principle #3: Emotional Wants vs. Financial Needs. Host Mark Zagurski builds on the foundation laid in earlier discussions about careers and the difference between saving and investing, this principle dives into the mindset shifts needed to overcome societal pressures and impulsive spending habits.

Listeners will explore how emotional wants—fueled by social media comparisons and the “Keeping Up with the Joneses” mentality—can derail financial goals. Mark shares personal anecdotes and insights, emphasizing the power of delayed gratification, making conscious financial decisions, and differentiating between wants and needs.

Key takeaway points include:

• The financial drain of trying to compete with the Joneses.

• How small, consistent choices compound into significant financial impacts.

• The benefits of deferring large purchases, like cars or homes, and investing the savings.

• Real-world examples illustrating how behaviors become habits that shape financial futures.

• The importance of making decisions that align with personal long-term financial goals rather than fleeting emotional satisfaction.

Mark encourages listeners to consider the opportunity cost of their spending habits and to embrace a mindset that prioritizes control, flexibility, and financial stability.

Tune in now to challenge your financial thinking and take control of your money story. Don’t forget to subscribe to the podcast so you won’t miss the next deep dive into Principle #4. Grab your copy of the “Make It Personal” eBook, available via the link in the show notes, for even more insights into the Seven Principles for Your Success. Your financial freedom starts here!

“Trying to keep up with the Joneses can derail your financial goals. Their shiny new purchases often come with hidden debt and fleeting happiness.” - Mark Zagurski

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Investing involves risk, including loss of principal. 

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions.  Strategies discussed may not be suitable for everyone.   Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.