Spending Money Wisely - concept #12
For many of us, spending money is fun. For others, it's a painful activity. Regardless of your level of exhilaration, make certain your spending decisions are wise.
Simply put, the more money you're spending, the more thought you should put into the decision making process.
When you spend money, you're really trading the fruits of your labor for something that is important to you. Money has little or no value unless it can be "translated" into other things.
Making good spending decisions will help retain the value that you put into the money you've earned.
Remember, you can't buy love or happiness, but you can buy:
- a primary residence
- recreational property
- investment property
- an enterprise
- a personal vehicle
- a vehicle for business purposes
- vacations in exciting new places
- memberships in associations that are important to you
For me, spending money of late has focused on an estate in the country that is fully paid for, tools and equipment to live a more self-sufficient lifestyle, and greenhouses to provide fresh and healthy produce. I'll be making more spending decisions as I continue to upgrade my home and shop, and create infrastructure for more self-sufficiency.
Regardless of what I spend my money on, it is all prioritized and thought through in terms of paybacks to me and how I want to live my life.
This website is a passion of mine, so I've invested in capable personal computing equipment to support it. I also invested in audio equipment as well. Soon, I'll be investing in video equipment to make it even more information rich and helpful to visitors.
Whether it's for fun, profit, recreation, security, necessity or even something discretionary, focus on wise spending decisions because you worked hard for your money and there is no sense wasting your hard work.
Done with Spending Money, back to The Money Game