I get this question ALL the time in the finance community
—Can I still have nice things?
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These boots below are mine.
They retail for about $330.
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—Can I still have nice things?
These boots below are mine.
They retail for about $330.
(Thread
I also like nice watches (own 2 Shinolas).
And while we& #39;re giving out secrets.
—Those aren& #39;t the only expensive boots I own.
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But how does this align with being a good manager of your money?
And while we& #39;re giving out secrets.
—Those aren& #39;t the only expensive boots I own.
But how does this align with being a good manager of your money?
The answer:
Your money isn& #39;t meant to just be saved. No matter how many books by Warren Buffet you& #39;ve read, it isn& #39;t meant to just be invested either.
There are times where you& #39;re going to want to spend your money. Sometimes on expensive things. And that& #39;s OKAY.
Your money isn& #39;t meant to just be saved. No matter how many books by Warren Buffet you& #39;ve read, it isn& #39;t meant to just be invested either.
There are times where you& #39;re going to want to spend your money. Sometimes on expensive things. And that& #39;s OKAY.
YES.
You can have nice things AND be a good manager of your finances.
As long as:
➊ You& #39;ve planned for the expense.
➋ Your data says you can afford the expense.
And lastly:
➌ The expense makes sense for your lifestyle.
You can have nice things AND be a good manager of your finances.
As long as:
➊ You& #39;ve planned for the expense.
➋ Your data says you can afford the expense.
And lastly:
➌ The expense makes sense for your lifestyle.
The boots::
Wanted them for over a year. Planned out exactly what I wanted. Wear them weekly. They will last for decades. And I ENJOY the heck out of & #39;em!
These make sense for my life and were paid for in cash. Where there is plenty of other cash waiting.
So the lesson:
Wanted them for over a year. Planned out exactly what I wanted. Wear them weekly. They will last for decades. And I ENJOY the heck out of & #39;em!
These make sense for my life and were paid for in cash. Where there is plenty of other cash waiting.
So the lesson:
Life is meant to be lived!
No solitary hoarding makes for a good life.
You will be a good manager of your money when you understand your money is a tool.
Keep track of it - Treat it well.
But make sure you are using it like a tool to —
Make.
Your.
Life.
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No solitary hoarding makes for a good life.
You will be a good manager of your money when you understand your money is a tool.
Keep track of it - Treat it well.
But make sure you are using it like a tool to —
Make.
Your.
Life.