#41: Why We Buy the Cheap Thing (Even When We Have Money)
Description
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In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino discusses the common struggle among first-generation wealth builders of opting for cheaper, lower-quality items despite having the means to afford better options.
Soledad explores the psychological and emotional reasons behind this behavior, such as scarcity conditioning, self-concept lag, and cultural narratives. They introduce the concept of aligned spending and provides a five-step framework to help listeners transition from spending out of fear and scarcity to spending with neutrality and joy.
The episode concludes with practical advice and an invitation to join Wealth Para Todos Academy for further financial and self-care coaching.
00:00 Introduction to Wealth Para Todos
00:21 Understanding Scarcity Conditioning
02:52 The Emotional Impact of Spending
07:03 Spending from Scarcity vs. Neutrality vs. Joy
12:38 Aligned Spending Framework
16:33 Conclusion and Next Steps
17:51 Wealth Para Todos Academy Announcement
18:47 Final Thoughts and Disclaimer
United States
