A short conversational excerpt from a YouTube video (Ramit Sethi) where a speaker describes personal spending rules: flights over $350 round-trip and hotels over $300/night are "too much." The speaker notes these rules remained the same despite income changes and describes them as rules independent of income.
More than $350 round trip.
More than $300 a night.
I would say if the flights seem unaffordable, like if the flights are more than $350 round trip, I think that's too much. And if the hotel is more than $300 a night, that's too much.
Were those numbers the same when you made 45,000 versus now?
Yeah.
Yeah, I thought so. What does that tell you?
I have rules about money that have nothing to do with how much money I'm taking in or going out.
That's correct. They're more like this. It's like you lick your finger and put it up in the air and say, like, which way? What's the vibe today? And a lot of times those vibes are created when you're 21, 22, 23. The decisions you're making are highly uncorrelated to how much money you actually have. And the reason for that is that you don't actually think about this money as real. It actually does not affect you in any real way.
