Release Date: July 19, 2021

Summary:

In this reflective minisode, the guys unpack the difference

between wants and needs—sparked by their experience buying a new camcorder.

Philosophical? A little. Chaotic? Always.

Key Talking Points:

• Buying a new camcorder

• Getting duped by tech specs

• Defining wants vs. needs in

adult life

• Consumerism and disappointment

Contextual Deep Dive:

• Psychologists define 'wants' as

desires based on external influence, while 'needs' stem from internal necessity

(Maslow’s Hierarchy).

• The average consumer

overestimates their technical knowledge during large purchases (Consumer

Reports).

• Understanding personal values

can reshape what we prioritize financially (Forbes).

Listener Prompts:

• What was the last thing you

wanted—but didn’t really need?

• Have you ever returned something

right after buying it?

• Do you think you understand your

needs better now than five years ago?