I get this question ALL the time in the finance community

—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're giving out secrets.

—Those aren'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't meant to just be saved. No matter how many books by Warren Buffet you've read, it isn't meant to just be invested either.

There are times where you're going to want to spend your money. Sometimes on expensive things. And that's OKAY.

YES.

You can have nice things AND be a good manager of your finances.

As long as:
➊ You'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 '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.

BETTER