Why You Should Buy an Expensive Backpack – Shower Thoughts ep. 03

Show Notes

Most of us don’t have enough money to buy anything we want without thinking about the cost. What we end up spending money on should require a lot of introspection on what brings us value and satisfaction in the long term. As long as the value/satisfaction/happiness an item gives us can accumulate almost indefinitely over time, then it’s worth spending a lot of money on it. In other words, Subaan tries to justify spending a lot of money on a backpack.

In Shower Thoughts we overthink those random questions and life-changing thoughts we frequently have in the shower and maybe come to a conclusion, all in a casual conversation.

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What is Getting It?: In a Nutshell
A conversation where we explore topics both familiar and unfamiliar to us to find out what makes them interesting, so that we can expand our horizons and further our understanding of the world and people around us.
From science to lifestyle design, languages to religion, plus everything in between – anything can be interesting if exposed to you through the right lens. We hope to spark your curiosity through open-minded and thoughtful discussion, as well as a healthy dose of overthinking.


About us
Subaan is a 4th year medical student, motion designer, and an avid rabbit hole explorer. He has keen interests in lifestyle design, technology, investing, and metabolic health. Follow him on Instagram and Twitter.

Dan is a 5th year medical student, pianist, and random fact connoisseur. He spends most of his time learning about languages, playing sports, music, and geopolitics. Follow him on Instagram and Twitter.


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Transcript

Note: This transcript was generated using Otter.ai. Therefore the transcript will not be 100% accurate in some parts.


Daniel Redfearn  00:05
Hello

Subaan Qasim  00:06
Hello, Dan.

Daniel Redfearn  00:08
How are you?

Subaan Qasim  00:09
Not too bad. How are you?

Daniel Redfearn  00:12
I’m good. Thank you. Okay, sound good chat.

Subaan Qasim  00:15
Thank you for listening to this.

Daniel Redfearn  00:19
Sorry. So it’s a shower thought episode, right?

Subaan Qasim  00:23
Yeah. So basically what’s been on my mind for a while? Well, it’s not as it just comes and goes, basically, I have this condensation with a lot of people. And I’m just happy with myself just to try and make sure that I am right in terms of what I’m saying, Well, you know, right, in my own opinion, is basically about based on just trying to justify why I spent a lot of money on my backpack. And why you should also spend a lot of money not just on a backpack, but obviously is very situation for me, the backpack required, or, you know, allowed me to spend a lot of money on it because of my requirements with it. But in general, with a lot of things, just spending a decent amount of money to get a nice high quality product. And there are a few aspects you have to take into consideration as to whether you should spend a lot of money on a particular thing, whether it’s technology, camera, a laptop, or phone or something like a utility, like a backpack or a wallet or a bin.

Daniel Redfearn  01:21
That’s a good one. Can I quickly ask, just to clarify, so I know exactly what train of thought we’re going on. So it’s not that because obviously, in an ideal world, if we were millionaires, we could just everything we get would be expensive. It’s knowing what is worth spending more money on, if you have the means for being able to prioritize? You know, if it’s been, as you said, you know, yeah, it’s worth spending a bit more money on a good quality bin, or is worth spending a bit more money if you’ve got money to spend, save up and buy a good backpack with that money, as opposed to maybe buying an expensive shirt or something. Yeah. Yes,

Subaan Qasim  01:58
yeah. So there are two aspects to take into account. It’s one like the, how much useful you get out of it, and to what you also how much pleasure you can kind of get out of a particular thing and what you find valuable in your day to day life, what kind of things that you find enjoyment in. For me, I like technology, like you know, just any kind of technology, whether it’s a, you know, microphones or laptops or cameras or phones, just any kind of technology, I really enjoy that stuff. Just intrinsically, I don’t know what it is about, I just get a lot of value out of it. Even just watching people talk about it, I get a lot of value out of it. And other things just like convenience, and things like just utility convenience, like my wallet, which is you know, the card holder, we just, yeah, it’s RFID blocking. But then if you hit the little flicks which thing at the top, the bank card can be used, but you can also release the front card, like just stuff like that. And it’s just, and it also looks good. Yeah, in terms like it suits my kind of a saying we’re just thin, sleek, black. And I like it. It’s the same thing with my backpack, which I kind of also needed. So I needed a new backpack just because I was being limited by what I currently have. So that was one factor, I was being limited by what I currently had was a small kind of anti theft backpack, which wasn’t so great. You it did its job, it carried stuff from A to B on my back. But you can only put things in the compartments and stuff and you protect your laptop nicely and everything, which is my main thing. So it did the job but I wanted to take my camera around so I could go around, you know, just taking photos, just you know, street photography just randomly at a moment’s notice. But I couldn’t do that. I couldn’t either protect it or, or I just couldn’t fit enough stuff in my bag just because my necessities what I needed and stuff

Daniel Redfearn  03:53
is the one you have right now is a lot bigger, right? It is bigger on the inside, kind of it doesn’t look like a very big bag. But that’s something I noticed about it. You can fit a lot of stuff in your bag.

Subaan Qasim  04:04
Yeah, you can but it’s also very organized because it has modular compartments that are a special camera component that you can take in and out as well. Yeah, and you can even more July’s that. Camera, compile July’s modulized doesn’t work. I like it. I like it. Yeah, and the other thing is also has a roll top at the top. So you can also expand it bigger. So that was actually a huge thing. So if I’m coming back from uni, I would walk past the Tesco and I want to you know, just do some groceries. And I couldn’t because I didn’t have some, like bags, like you know, carrying grocery bags in my backpack and pay that 20 p because I know I have some in my room.

Daniel Redfearn  04:43
So

Subaan Qasim  04:44
I don’t want to spend more because not it’s not so much about spending because it’s only like 20 p which is at least fairly menial at that point. But it’s more about just you spending more on plastic which is just not necessary. So yeah, I’d have to back and then you know, then you just kind of feel lazy and unpack everything and then go back to that it just takes a lot of time doing that. Whereas I could have just done it on the way. So there’s but with the rolltop, I can just kind of roll it up, roll it open and just go, put it put it in behind, there’s

Daniel Redfearn  05:14
the roll top go

Subaan Qasim  05:16
actually goes fairly high. So I’m not going to say this isn’t a plug, this isn’t sponsored. And the whole point of this isn’t specifically about backpacks. And I’ll get to that, but so you can store an extra like five litres of stuff. But

Daniel Redfearn  05:34
anyway, you can work a bike helmet in there. It’s nice. Yeah. padded.

Subaan Qasim  05:38
I see what you mean. You can even strap stuff. So you can there are mounting points to add strap so I can like strap the tripod underneath or to the front. Yeah, so there’s just a lot to know also has the aesthetic that I really like. I know, the clean unbranded like

Daniel Redfearn  05:56
it just suits you a lot. I can see why this backpack that is you in a backpack.

Subaan Qasim  06:01
Yeah, basically, that’s what I love it so much. Even just the zips are nice, I can just, every time I do the zips and stuff, it’s just nice, because they’re all sealed and stuff is heavily padded inside. It’s protecting everything easy to access on the go even as like a camera side access pocket, which you know, is convenient and fun to use. So every time I use it, I get enjoyment out of using it. You’re using it

Daniel Redfearn  06:21
every day. Yeah. So if you’re getting a 10% improvement on your quality of bag usage by having this because I mean, the ultimate aim is to just carry stuff, and you’re not always using it to the max. But it’s just every time you’re using it. It’s just a bit useful compared to your other one just a bit more convenient. Yeah. So that, do you want me asking how much you spent on the backpack or what range it was in?

Subaan Qasim  06:44
So the backpack itself was like 130. I got on on offers around 120, I think. And then I’ve got some extra accessories and like, modules to put my camera stuff that that cost a bit more busy. The total cost was around 200 ish pounds. Yeah. So it’s a lot more than most people probably spend on about 200 grand. Yeah, so yeah, so that that’s not necessarily saying that, Oh, I just have a lot of money just to spend on things because I don’t really spend money on anything else. Outside of certain pieces of technology, say my laptop by book, I’ve got this like four years ago. Yeah, it was a significant buy. But I got it four years ago, and I’m getting a lot of value out of it be good to do like video editing and stuff, it’s still, you know, doing the job. So I’ve had it for a long time, I haven’t bought any more laptops, whereas before my parents would buy really cheap kind of, say, you know, they’re really cheap, like Acer laptops, or Dell, Dell laptops and stuff that would just kind of break off for like a year, then like 300 pounds on them. And then that break, and they’re all plasticky, and they’re slow, and they’re bargains, I’ve have so much of free were bloated, it’s just not a nice experience, you don’t get much enjoyment out of using it. So instead, it over the four years, if I just kept buying laptops, I would have probably ended up spending like 1000 pounds were all 1500. So I just spent all of that in one go on a nice high end laptop, one on one go done and dusted. And it’s just you know, serving me well.

Daniel Redfearn  08:13
So you’re saying even in terms of raw, monetary value, often buying something expensive, can be more a better decision economically.

Subaan Qasim  08:23
Yeah. Then Yeah, buying a cheap thing multiple times because it keeps breaking. Yeah. And also there’s the value of how much nicer it is to use. Exactly. So it’s kind of a double whammy. And there are two types of value, right? There’s that instant gratification a high amount of like, these were dopamine. Yeah, that was always a serotonin, dopamine. Yeah, a high amount of dopamine in one go. That you can think of it like a really nice meal in a restaurant. One time, hit done, you never get to experience that again until you go to it again, and you purchase it again. So you only experience it once for that purchase. Whereas with something like utilities, which I really do like to spend money on or you know, just convenient utility, see my wallet as well. Very seat card holder, use front and back. Very clean. Yeah, just being able to get the utility out of it just means that every time I just flick open my wallet, it’s like just you know that that little 2% every single time but that just keeps compounding Yeah. And then the overall pleasure I’ve gained from just using that one thing over time is way better than me spending likes, okay, so if you go to a restaurant and spend 30 pounds on a really nice meal, you just get to do that once and stuff and some people get really real good joy out of it. I mean, most people probably get joy out of eating, you know, nice food and stuff. But for me, just doing it once and just spending say 30 quid and just doing that straight away. I’ll either just save it or rather bite on something that I can use every single day. And yet the instant hit won’t be as much in that one. Go But I get to experience some little amount of joy and value every single day or whenever incremental. Yeah, yeah. I and that’s not to say having just big bursts of joy and value isn’t a bad thing. But it you should kind of figure out what you truly get on your own where you kind of spend money I, I’m basically saying don’t really spend money on those instant one time things. So I’m spending my money on things like technology or a backpack things that I use every day, like on my laptop. Whereas What about your clothes? I personally don’t really take much. You know, I don’t get much value from clothes and stuff. I just like it to be simple, clean. Not eyecatching peasy. It’s just black and just simple. That’s basically my wardrobe, very monotone. That’s what I want. And I that’s where I get my pleasure. And generally, it’s fairly cheap. But the thing is, is that I wear the same kind of clothes every day and stuff, but not actually this includes but similar types of clothes that they all look the same,

Daniel Redfearn  11:00
like Mark Zuckerberg, Mark Zuckerberg, I

Subaan Qasim  11:02
just saw I open my wardrobe is just like, oh, which black hoodie should I wear today? So yeah, but I guess that’s the level of value I get out of it. But some people really get enjoyment in terms of designing their outfit and

Daniel Redfearn  11:15
facial expression of yourself.

Subaan Qasim  11:17
Yeah, exactly. And some people like one of my friends uni, he really got enjoyment out of like genuine value from, you know, buying the latest drop of shoes and stuff and changing his outfits and spending time getting dressed and figuring things out. So and that’s the thing he kind of valued and, you know, really enjoyed. So he that justifies him spending more money on it, because you should spend money on things you get value out of out of and enjoy. For me, it’s like things like utilities like backpacks and my laptop, whereas he didn’t really get that too much.

Daniel Redfearn  11:51
It’s interesting. I mean, I can think of so me personally, I can definitely see the value in going for a nice meal. I’ve gone for a few nice meals before to a really nice rash. Excuse me, there’s the elixir. So I’ve gone to a few nice restaurants before. And the is a weird thing. I used to think when I was younger, what’s the point in like, paying for an experience? Sometimes? Yeah, I know, you do agree, for the most part as well, like, it’s nice to have those experiences. But that I still get value from that restaurant visit, I can’t really explain it, there’s been a few times where I will look back at it. And I still have that value now like memories and stuff, they’re they’re a very good way to, I don’t know, spending money on a memory on an experience is really good. But I also see how especially the bit that I agree with the most because I’m a bit like you in that, for example, my wallet, I spent hours you remember when I bought my wallet a few months ago, I spent hours by looking for the right one, I went through hundreds I came up with this very specific set of criteria, for some reason that it mattered to me way more than it should have to the point where, you know, I was looking at the thickness of the material. And it almost set became important to me like, you know, the shade of brown, right? The shade of brown didn’t matter. But what you were talking about RFID protection, the amount of layers where you’re protected, where I put each card, whether when you open it, it’s got the ID straight away, like oh, that’s point five seconds to the security guard. Yeah, do I have to open it to scan the oyster? Yeah, stuff like that became really important. I put a lot of time into it. And now I get a lot of value out of it every single day. I’m really glad I made the right choice, you’d hope so after spending hours. And I use that wallet every day. And I can see exactly why it’s worth it. The other thing is I spent, I spent 15 pounds on my wallet, I may be otherwise would have spent eight pounds, this wallet just has to last twice as long, you know, is pretty good quality. And then I’ve made an economic I’ve made a monetary gain on it. And as well as every single day having that small benefit for it. So I definitely see something like a laptop, you’re using it every day, your backpack, you’re using everyday clothes, you’re using them every day, but it’s different because you’re talking about the functional aspect, right? This is pretty much purely functional. This isn’t about a statement that you’re making. So for example, with fashion, there are the two sides to it as well. Obviously, there’s like the comfort aspect. This keeps me warm. This is a high quality material. This is eco friendly. You might spend more money for those reasons. But then there’s also the reason of like, the message we’re giving to other people like the brand that increases the price of something so much. Yeah, having a particular label on it. And yeah, I see how something you’re using all the time is worth spending more money on. But I would also argue that in doing that, you can take away the enjoyment or it can be unnecessary sometimes I think. Like I look at for example, my mum or my girlfriend, they’ve just got very normal wallets just like a zip actually it just opens up. Yeah, I don’t think there’s a Yeah, that would be So yeah, like they have a very standard money holder, money holding device. I don’t think they’re like missing out, I don’t look at them and look at them using it and think like they should be using. Like where the RFID protection

Subaan Qasim  15:15
is because they don’t place the value in it, they don’t really care about it. So they shouldn’t really spend money on it don’t spend money on things you don’t care about.

Daniel Redfearn  15:23
And I’m so sorry, I’ve spoken for like four minutes straight, I’m actually using up a lot of our half an hour. But it’s, it’s really interesting the word value, and what does that mean? Because, like, What does the word value maker? So before you’re talking about your parents, I think a lot of parents or a lot of people, you know, they like getting a discount on something. And it’s like, there’s value to that in itself, right? Like having a product, I get that, like having a product that you got for half price. And you’re like, I got this for half of what it’s actually worth. It’s really cool. I like that. There’s value to that as well. So, yeah, essentially, it’s what do you place your value on, and things are using all the time, put value purely on the functional functionality of it. I agree with that.

Subaan Qasim  16:08
Yeah, and I guess another aspect of it. Another aspect is that I find a lot of people struggle with controlling their finances, or what they should spend money on itself. So this is a kind of good way. So to kind of figure out how you should spend your money and where to spend your money and to make like how to budget things properly. Because if you are struggling with your finances in any way, you want to at least make sure that the money you are spending is giving you pleasure in some kind of way. Obviously I’m talking about as long as your necessities are covered then after that. So yeah, say if you’re just spending a lot of money, so you say if I was eating out and I was also buying some new clothes and everything, and I but then I also wanted a new laptop. Where Where do I but because I’m putting my money on food and close things I don’t really get value out of I’m almost wasting my money because I’m not, I’m not wasting my money, but I’m wasting my money in terms of why could be getting value out of this instead of like getting a new laptop. And just because i and this is another point just because you get value out of something. So I get value out of you know, new technology. I haven’t gone and bought the new m one MacBooks that came out and they are insane. And I’m like I’m heavily tempted, but I’m gonna Yeah, I am. Because they’re so good for video very so well, at least once they optimize it and stuff for the Adobe Suite. But I’m going out and bought it because I don’t need it right now is when I’m in the area to purchase something then I go and purchasing and the things we’re like technology and things like these backpacks are only really spend money on things I do truly value. But so when I had this argument, or I think it was my mom that I said, Oh man, everything I buy is just expensive. Whereas I Oh, you can get a cheap laptop, you can’t get a cheaper microphone or you can’t get a cheaper browser. They say everything you buy is expensive, but they didn’t really notice that I don’t really spend money on anything else. Whereas say like say my sister, she’s like decorating a house and she likes buying those little plant pots and stuff like that he or she likes by includes expensive clothes and stuff like that. So she’s spending money. Each time she spends money. It’s less Yeah, but she’s probably spending a lot more than I do overall. I just buy, you know, one expensive thing a year or something, you know, I guess this yabo a few more things. But I guess I had the means this year to spend a bit more money than I usually do and live in the home life. Yeah. So I saved a lot of money. But yeah, so all of these things where I really don’t like eating out that much. Like, yes, I will like that burger, and I will enjoy it. But I know that okay, I really do want this later on. And I can see myself needing it later on. So let me just save it to make sure I can buy it and then I’m not stressed out by that later on. So it’s kind of multifaceted. You need to figure out what you’d really find value in lots of people when they get rid your lights. So if someone gets richer, they’ll become a millionaire. So they should buy cars, fancy cars, they’re just flaunting it about whereas someone else might line up some people who say don’t have the biggest house or they aren’t actually that rich, but they they’ll have like a really nice car and you’re like, what why do you even have that you your your house? Isn’t that big or something? Yes,

Daniel Redfearn  19:25
question.

Subaan Qasim  19:25
Okay, I’ll let you finish first. Okay. So, yeah, going on that point. That person might truly really like cars. You know, you might not even drive that particular one. He might have another car they actually drive the three but he just keeps the other one in his garage because he likes working on it. Or just you know, admiring it you know, maybe we’ll go out for a joy run it he really gets a lot of value in it. So that’s why he didn’t decide to buy a nice big house instead he spent a lot of money on his car because maybe he doesn’t really care too much about how so long as he has a you know, roof over his head is well kept and soft is fine for him. So you have to really figure out what do I really Enjoy that is something that I use frequently, or maybe it doesn’t. You don’t have to use it frequently. But usually the ones you use more frequently are better.

Daniel Redfearn  20:06
So and having it also, yeah, no, no. So and having an expensive car, a really nice car that maybe you don’t even particularly like, the value you’re getting a lot of the time is other people’s opinion of you, or the, your, you’re feeling good by impressing other people. So, for example, yeah, someone who buys a Rolex, they don’t know anything about watches, and they don’t particularly get anything from having the Rolex. There will be people like that the value so then it’s like, why do you have it? And I think the answer in those cases, the honest answer would probably be because it feels good to have something that’s expensive. And it’s impressive, or it will impress other people. And in a way, you that’s their interpretation of value, right? They’re getting value out of it. It’s not, it doesn’t align with my idea of value. But that’s the value because otherwise, Why get it in the first place, people get something, usually because there’s an element of value in that for them. So the value in them getting that was that they feel good in having something nice and other people thinking, Oh, that’s really nice. That’s their value. Personally, I hope that I don’t usually think too much like that. Maybe my underarmor

Subaan Qasim  21:17
Yeah, that’s why. So with stuff like that, I purposely try and make sure everything that I get is as unbranded as possible. Yeah, just so there isn’t that kind of label on it and stuff, it doesn’t attract an eye towards it or anything. And go going to that point where, okay, you say, if you just like the feel of it, and it looks as having something expensive. The thing is, is that now you’re kind of value in terms of where you kind of gain pleasure out of See, people’s opinions are Oh, man, he’s got a Rolex or something, if you get pleasure out of that. That’s very extrinsic. It so yeah, I’m just saying, I personally think that’s kind of a problematic kind of way of living, not way of living, we’ll just kind of mindset to have.

Daniel Redfearn  22:00
So I agree, but I really hope I don’t do that. And in fact, I don’t do that, like, most of us, I don’t think I do, I, I don’t actually have a very good fashion sense, I should probably improve it and use more brands and get some help. Because Yeah, I don’t think enough about it. But I think feeling good is a big element of it. And those things make people feel good. there’s value in a way, like maybe we choosing a shallow example saying like a watch that you know nothing about. But say you’ve bought an outfit, which is quite expensive, you’ve got the new Jordans or something, even if you don’t particularly love them, the people admire you for it. And it probably makes you feel a bit better about yourself, you feel good and having I can understand that. And I think in certain contexts, it’s okay. And we all probably do that in our own way. But it’s like the idea of, there’s a question I want to ask you, what does value mean to you? So I think I’m going to get quite a functional answer from you. What do you consider valuable in something? Not monetarily? Obviously, like, Yeah, well, you get value from

Subaan Qasim  23:07
something that I use frequently and find pleasurable to interact with.

Daniel Redfearn  23:15
Yeah, okay. I’m thinking if mine’s the same, what do I get? For me? It’s something that something okay, this is a very silly answer, probably something that I like. I think I get

Subaan Qasim  23:29
it. Yeah. So what I mean by it’s just like, say your laptop, there are so many small things, I want no mobile, like just the way the trackpad feels on your thing is so good. And okay. At first, it will be very novel and everything, but then afterwards, it would kind of become less so but everyday, you are still experiencing that in the background. So yeah, and I guess this is another side point as well, because you mentioned something about discounts. Basically, if something that you kind of that that you would like, but you don’t need. And it’s on a discount, say half price. Don’t think never think that when you’re buying something on discount that you’re saving, if it’s 400 pounds, and it’s 50% off, don’t think you are saving 200 pounds, think you’re spending 200 pounds, just forget the discount, and just think that you’re still spending 200 pounds, because I get what you mean, I guess it’s kind of a whole conversation or this whole kind of premise started off by saying, oh, why spend 200 pounds on a bag, but right but and they’re like, man, like you must have loads of money. I’m like, No, I’m just kind of smart about my money where I don’t spend it anywhere else. And if there is a discount, and you weren’t looking into buying something, and you were going to like need it. And it goes on just on the nosy buy if you were actually going to just buy it otherwise, but don’t just buy just because it’s on discount.

Daniel Redfearn  24:47
But then the value in that for someone might be the fact that they’ve got a discount, and they like the fact that they’ve got a discount like they like that that

Subaan Qasim  24:54
makes them happy. That’s a very slippery slope into just bad financial management. Like, every time you see an offer, just because, like, if I see like some sausages that are like half or like two for one, I’m not just gonna buy it, I can’t even eat them. But if you get so much value out of, Okay, that’s an extreme example. But if you get some value out of just getting good deals or something. Yeah, that’s, that seems pretty problematic, because that’s when you can get a car for half price, right? It was 60,000 pounds, and now it’s 30,000 pounds. But you can’t you don’t have 30,000 pounds to spend. And now you’re leasing a car, which you don’t even have the means to buy a very slippery slope.

Daniel Redfearn  25:39
I’ve got a big argument in favor of a potentially by the way I do on the on the massive most part agree with it? What if there are two cars worth 20,000 pounds? And you actually somehow you like them perfectly the same amount? Like you just like them exactly. Equally, somehow. They’re two different cars. And then but then you find out one is half price. So when we’ve reduced from 40,000 to 20,000, you may be more tempted to buy the more expensive one, because you’re thinking, oh, there’s something in that I don’t understand why, you know, I don’t know, I can see why it would make someone feel good. Basically,

Subaan Qasim  26:11
I guess my kind of point of view is I have done things where I’ve seen something where the same price, and they’re very similar in terms of specification, but one was reduced from a higher price. And if I can’t figure out why, yes, I really don’t care which one I buy at that point, I’d usually just buy which one I just feel more inclined towards, even if it’s the one without the discount,

Daniel Redfearn  26:31
I feel a bit out of my depth on the on the money sense, because I do agree and also something that I don’t really do is because I don’t agree with like how much people value certain products, you can’t really trust it, you know, if something’s reduced from 20 pounds down to 10 pounds, I don’t necessarily trust that it was originally 20 pounds, because obviously that’s a common technique use. Yeah, I do agree going with the deals is the wrong thing. But I do think that you can get value from I don’t know, you can get value from getting a good deal in a way like I get a rush in a weird way. Okay, but there’s one more thing I was going to say. How about defining it as a transaction. So value in something is with this one, it’s your it’s like a trade. Either I could say I have value from this conversation. And that’s what I’m getting from the conversation is worth the energy and the time and put into the conversation. So therefore it’s valuable for me, could you define value was like a net gain from something adding up. Money is a big factor. Time investments, probably quite a common one as well. Effort input.

Subaan Qasim  27:37
Yeah. So that phrase net gain, that’s exactly what I’m kind of going for, spend money on things that you’ll get a net gain in terms of pleasure, or whatever, or return on investment, right? The thing is, is that for most people, just going out and eating every other day or restaurant, right, even if it’s just a takeaway is not going to be a good net gain in terms of return on investment in terms of the money specifically. Whereas saving that money and spending it on something for me like a wallet, or maybe for someone like a watch that they really like where they can use all the time. For me like a backpack, where I’m getting these or even like we have in the kitchen like a bin It was very expensive. When we bought we did get it on a discount, but we needed to bring when we moved in. So we’ll we’ll get this electronic sensor on it. So I still find it, we’ve had it for like six years, we are still just find it fun to use is pleasurable to use. It’s just, you know, I’ve got it, it just kind of opens itself up and closes itself. It’s just nice, like So spend money and buy an expensive bin. So two people can buy this exact same thing and get a completely different set of like they can value it in a completely different way.

Daniel Redfearn  28:42
So it’s about understanding what you value in something, basically. But what what does value mean to you and knowing do I? Am I happy with that definition of value? Should I change that? Yeah, and it’s something we should probably always be changing and improving.

Subaan Qasim  28:57
And I guess that’s kind of the premise of it. Just think about what you spend what you gain, get value out of and try and buy something that you’ll constantly gain benefit and value and enjoyment from. And we have about 30 seconds or 20 seconds left. So we’ll leave it there. So hopefully, that sparked some thoughts. If you have your own thoughts, then let us know. And we’ll leave it about

Daniel Redfearn  29:17
or leave it at that. All right. Peace, peace.

Subaan Qasim  29:21
Thank you for listening to this episode of Getting

Daniel Redfearn  29:23
It. If you enjoyed this episode or didn’t then feel free to leave us a rating and review on the apple podcasts app or on the apple podcasts website. We’d love to hear

Subaan Qasim  29:32
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Daniel Redfearn  29:39
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Subaan Qasim  29:43
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