Weekend Edition – Spend on Experiences, Not Stuff
As dividend investors, we are attempting to build up our wealth over the long-run to ensure a substantial nest egg for retirement. We at Dividend.com continue to drive home the point that by getting started early using a solid dividend strategy, coupled with fiscal responsibility, you will be able to make sure you have comfortable wealth as you settle into your golden years.
Though we recommended a conservative income investing and spending approach to ensure a healthy retirement nest egg, along the way you cannot forget to enjoy life. So often we get caught up in saving, investing, or just paying the bills that we lose sight of enjoying our time with family, friends, and other loved ones. At a certain point you need to spend a little bit of your savings in order to get away, let your hair down, and make sure you don’t go crazy spending too much time worrying about work and money.
However, in your quest to enjoy some of the finer things in life, the trick is to make sure you spend your money on things and activities that provide you with the best experiences; it is not necessarily about buying a lot of stuff. Cars, clothes, jewelry, or whatever other luxury goods that you might fine enjoyable at the moment of purchase do not always provide you with the deeper attachment that you’ll look back on and remember. On the other hand, the money spent on trips with family, dinners out with friends, or concerts of your favorite musical act will most likely provide you with happiness that lasts a lifetime.
Yes, Money Can Buy Happiness
The problem is that when we think about spending money to enjoy ourselves, too often the first thing that comes to mind is spending on material possessions. But like I said, that stuff provides us with such little enjoyment, with a hefty price tag, while experiences with friends and family provide long-term emotional value at more reasonable prices.
As the so-called Weakonomist said in his recent blog post, “spend more money on experiences, especially experiences that can be shared with others. The material stuff just doesn’t get you anywhere.” Money can indeed buy happiness, you just need to know how and where to spend it.
Thank you for sharing part of your weekend with me, and please be sure to pass this post on to anyone you think we can get inspired and educated about money, building wealth, and using common sense to do so.
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