He argues that individuals are not robots and often resort to impulsive spending sprees as a psychological coping mechanism to alleviate negative feelings.
“Elizabeth said, "We're so down on ourselves. Sometimes we need to have a spending spree to feel good." People are not robots. When people feel bad, we will do almost anything to stop that feeling.”
I Will Teach You To Be Rich · Mar 2024 · 2 episodes · 376K views on this topicGabriel acknowledges that he made poor impulsive financial decisions, including buying a quad and a luxury vehicle, while struggling with addiction.
“I made some impulsive decisions and I think it was my fault. We dug ourselves maybe into a hole and I'm accepting my fault.”
I Will Teach You To Be Rich · Sep 2023 · 1 episode · 224K views on this topicShe admits that her current method for deciding on purchases is impulsive and lacks any actual planning or guardrails.
“Complete impulse. It's I want it, I buy it.”
I Will Teach You To Be Rich · Mar 2024 · 1 episode · 152K views on this topicHe believes the couple's inability to save money stems from their inability to say no to purchases.
“It didn't matter whether it was something we wanted or need needed. We couldn't say no and we would spend the $100.”
I Will Teach You To Be Rich · Mar 2024 · 0 episodes · 0 views on this topicExtracted by a model; may misattribute who said what.