โ๐ป๐๐ ๐๐ช๐๐ช๐๐ ๐๐๐ข๐๐จ ๐ค๐๐ ๐ข๐๐ฃ๐๐ฉ๐ ๐๐ฉ ๐ ๐ฉ๐๐ข๐.โ
It becomes clearer to me every year that seeing my portfolio hit a certain number doesnโt bring me nearly as much joy as spending money on experiences.
Investing itself is a form of regret optimization so I like to look at long-term savings as anticipated joy about how youโre going to spend those dollars in the future.
Itโs important to save & invest because those savings can provide even more experiences as they compound.
Itโs also important to spend some money now on the things you love because time is precious.
Thereโs no point in working for a paycheck if you donโt use that money to provide some enjoyment in life.
Donโt live your life in a constant state of the financial fetal position.
As long as youโre saving some money for the future you should also enjoy the present.
๐ ๐ด๐ผ๐ผ๐ฑ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐น๐ถ๐ณ๐ฒ ๐ถ๐ ๐ฎ๐น๐น ๐ฎ๐ฏ๐ผ๐๐ ๐๐๐ฟ๐ถ๐ธ๐ถ๐ป๐ด ๐ฎ ๐ฏ๐ฎ๐น๐ฎ๐ป๐ฐ๐ฒ ๐ฏ๐ฒ๐๐๐ฒ๐ฒ๐ป ๐๐ฎ๐๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ ๐๐ถ๐๐ต ๐ฒ๐ป๐ท๐ผ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฝ๐ฟ๐ฒ๐๐ฒ๐ป๐ ๐บ๐ผ๐บ๐ฒ๐ป๐.
Agreed?
Care to share some tips on how you strike that balance?
It’s not easy to strike a balance. Many keep accumulate but don’t know how to de accumulate to exchange for better memory of lives.
Why?
Fear of future. Fear of uncertain.
It’s difficult to live the present for many, especially we are in the world of so many wants and needs.
Maybe most people only realised that the numbers in banks are just numbers on their death bed only…
One good way to strike the balance is to budget. Plan what you wan to spend and only spend on things that create great memories (not material things that only give you at most few days of happiness etc).
Would this work?
Excellent tips, Edmond.
Knowing that money can buy happiness if we spent it on the right things (= not things but experiences and on others) is a helpful life skill.