#127 Do you live a layaway or credit card type of life?

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Thank you for calling GIH where we instigate growth one call at a time where we utilize antiquated technology to deliver 3-minute leadership lessons every week day! This is message #127 and I am Aaron Havens.

I’m going to date myself here. I might actually reveal your age as well.
So, say “oh yeah” if you know what “layaway” is?

I remember picking what I wanted and then taking it to the back of the store for them to keep in layaway until I had fully paid.

Layaway, is a purchasing method where a customer puts a deposit on an item and picks it up after paying the full balance. This became popular during the Great Depression of the 1930’s and was a common payment option until about the 1980’s as credit cards became more common.

And the credit card raged. It still does. Raise your hand if you have a credit card balance as you listen to this?! Yeah. The biggest difference between the layaway and credit card is probably in the instant gratification.

With the layaway option, you don’t get to play with that cool toy until it is fully paid off. With the credit card option, you can literally go home with that cool toy today and spend the next however many months or years you need to pay it off. Often times, the toy is broken before you even pay it off.

Which method do you prefer? The best vacations I’ve had have been the ones paid for in full before the vacation even begins. It’s like removing the guilt. The vacations I’ve taken on the credit card seem to have a cloud hanging over them. I can’t fully enjoy as I’m wondering how I’m going to pay for it. I guess I show my immaturity here! Haha.

How about you? Would you rather “layaway” or “credit card” your way through life? AND… Let’s make this personal… are you able to wait for the good things in life or do you prefer instant gratification? Is what you’re doing worth the wait? Worth the time it takes? Worth paying for today instead of tomorrow?

Thanks for calling in today. Tune in tomorrow for a fresh new topic! After the beep can you think of something you’re trying to rush, when it’s probably better to let it take time? Do you live a layaway or credit card life?