Being Financially Responsible and Happy
Happy Superbowl Sunday investors! In this weekend’s TikTok I discuss a very divisive tweet I saw recently. It reminded me that being financially responsible doesn’t mean sacraficing happiness or your mental health.
The tweet in question had a graphic that showed the cost of regularly getting takeout coffee. It said if you made coffee at home and invested the money instead you would *almost* have enough to buy a single share of Starbucks each month.
I saw this graphic re-tweeted several times, mostly with the same sentiment. They all echoed each other; for the low cost of everything that gives you joy you too can retire slightly earlier (maybe).
I have a client who makes a pilgrimage to Vegas each year. I am proud she has something in her life she looks forward to.
Firstly, most people who haven’t been to Vegas think that the only thing to do there is gamble, which is incorrect. Second of all when she does gamble she not only sets limits, but thinks of the money she brings to the casino as the cost of the experience. Like paying to go to any show or concert, she enjoys her time without being attached to the money spent. If she walks away with a little extra, that’s just an additional experience.
I do believe the intentions of the original tweet were pure. It just wanted to serve a reminder that frivolous spending can add up quickly. Too many money-spending habits can be costly. You should be conscious of how much you’re spending. You can also enjoy yourself while spending. Every dollar not put towards retirement should not be demonized.
Final Thoughts
In summary, you only have so much time on this earth. Spending money on something you find enjoyable should not be punished. As with many things in this life, just make sure to enjoy responsibly.
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