I think it’s safe to say that when pressed, most people will be able to tell the difference between wants and needs. Yet, I see many people blur the distinction between the two using the words “want“ and “need“ interchangeably. Remember, nobody “needs” a big screen TV.
However, the difference between wants and needs isn’t defined by a fine line. There are many subtleties within them. If you understand these subtleties you can end up saving money, time and live a better life.
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