When making financial decisions as to whether you want to buy something, look no further than the guidance of your death bed. Assuming that we’re all lucky enough to be lucid on our death bed, then we will most likely be at the peak of our wisdom. With the rational ability to look back at our life decisions to see which were important and which were not.
Would we be happy with buying our home and raising our family in a secure environment? I would think so. Would we be happy that we had to work for many many more years because we drove very expensive cars our whole life? No, I think that trade off would be folly. Would we remember the times that we spent around the family table discussing our day with our family, rather than a noisy overpriced restaurant? What about that trip I took with my wife to see The Great Wall of China? Yes, I would think that was a worthwhile expenditure. The $2,000 shopping spree that went along with it? Not so much! In retrospect, will watching 3 seasons of the Amish Mafia really prove to be a wise decision? Cut the cable!
When you view your purchases through the prism of your peak wisdom, your priorities change. Time and human experiences take precedence over material possessions. Working at a job you hate, so that you can spend more money on things that don’t matter, is kinda like paying somebody to kick you in the balls.
Would we be happy with buying our home and raising our family in a secure environment? I would think so. Would we be happy that we had to work for many many more years because we drove very expensive cars our whole life? No, I think that trade off would be folly. Would we remember the times that we spent around the family table discussing our day with our family, rather than a noisy overpriced restaurant? What about that trip I took with my wife to see The Great Wall of China? Yes, I would think that was a worthwhile expenditure. The $2,000 shopping spree that went along with it? Not so much! In retrospect, will watching 3 seasons of the Amish Mafia really prove to be a wise decision? Cut the cable!
When you view your purchases through the prism of your peak wisdom, your priorities change. Time and human experiences take precedence over material possessions. Working at a job you hate, so that you can spend more money on things that don’t matter, is kinda like paying somebody to kick you in the balls.
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