Shaan Puri, Ex-CEO of Bebo, Created a 'Treat Yourself Bonus'

Name: Shaan Puri, Ex-CEO of Bebo, Created a 'Treat Yourself Bonus'
Uploaded: 2022-06-10T22:00:49+00:00
Duration: 26 s
Channel: Sam Parr
Description: In this brief monologue, Shaan Puri argues that everyone should maintain a "treat yourself" budget, treating spending as a skill that improves with…

10 Jun 2022 · 0 min

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In this brief monologue, Shaan Puri argues that everyone should maintain a "treat yourself" budget, treating spending as a skill that improves with practice. He illustrates this by describing a bonus program he implemented at his former startup, Bebo, where employees received a discretionary bonus that could only be spent on interesting, non‑essential items—explicitly prohibiting use for rent, groceries, or debt repayment. The purpose of the program was to encourage people to practice discretionary spending and develop better spending habits.

I believe that everybody needs to have a treat yo self budget. And so spending, I've learned, is actually a skill. One way you can get better at the skill, like anything else, is to practice. So how do you practice spending? Well, at my last startup, we created a bonus program at Bebo, and so we would give out this bonus, and the only rules, the only strings attached with bonus is you have to spend it on something interesting that you weren't otherwise going to buy yourself anyways. So you can't just pay rent, groceries, student debt. Can't do it, sorry.