You Think of Finances as Simply Inflow and Outflow
Because of the way our wages work, most of us think of our finances as a monthly inflow and outflow. This helps mask some of the more damaging decisions that we make. Instead, if you think about your money as a big pool that you drain or fill up as you go, spanning your entire life, it’ll help put things into perspective.
The more you drain your pool today the less you’ll have tomorrow, and so on and so forth until you pass on. Your aim should be to make the entirety of your life enjoyable.
Imagine this. You spend the majority of your cash to go on big, fancy vacations every year. Sounds good, right? But then when you’re around 60, you’ll have very little money to do anything. This could literally give you decades of boredom. Is that how you want to spend your retirement?
Many use the argument that you should do anything you can and want while you’re young and have time and energy, but seniors have time and energy too! More than you might think!
