My personal opinion on cold hard cash is that it is a tool.
It is a tool to achieve experiences, pleasure and comfort. But with that in mind its also a tool to achieve, security, peace of mind and a greater quality of life.
These are very different aspects of the power of money, and some perchance enjoy pursuing some over the other.
Extreme hobbyist might spend all of their disposable income on the pleasure of their hobby. Others on new experiences, or repetition of old ones. And others on comforts such as clothes, housing and other material goods.
Some use it to acquire security, with buffers and the capability to care for their loved ones in cases of emergencies and hard times.
Others use it to acquire a peace of mind, allowing them to focus on the small things in life while enjoying a lower work rate.
And others use it as a tool to acquire a greater quality of life, with education, affordable healthcare and being able to follow ones own pursuit in life with the monetary means to fund such expenses.
It’s vital for a person to locate where they are in life, what their aspirations are and to save accordingly. There are few out there whom enjoy slaving away at a job because they NEED the money to pay rent and they can’t afford to not work because they might loose their housing, though this could be a reality for many.
Therefore I encourage you who might have the means now, to set aside a bit of your current earnings to be able to provide for the future you want to live when you want to live it.
One of the lessons I have learnt is that to pay yourself first, with savings, before spending on expenditures. 1%, 2%, 10%, or whatever you feel capable of setting aside without diminishing your quality of life is what I strongly encourage.
Will that 2$ coffee at lunch, every really improve your satisfaction compared to having that 2$ coffee when you really feel like it?
We are creature of habit, but that means that habits form us and sometimes we stop enjoying the habits we acquire.
Food for thought today.