It’s Friday and time for our word of the week –the word this week is Expenses vs Experiences.
I chose Expenses vs Experiences because sometimes we get so overwhelmed with expenses that we forget to have experiences. We incur expenses when we buy stuff. Some things fall into the category of necessities like food and shelter, but a lot of times we spend money needlessly on items to either keep up with the Joneses or be the Joneses and we blow our chances to have experiences because we are so stressed out about money.
There are some people in the world who are really rich and they can afford to buy, to spend needlessly and to do whatever they please. But many of them live fairly modest lives, preferring to spend their money on experiences instead of stuff. So where do we get the idea that we need to have so many material things – that we need to look or live in a certain way — like we have money even when we don’t? And, why do people look at you funny or try to shame you when you don’t live up to their idea of what you should have? A few years back, I had a radio program, and after the tapping one day one of the guys at the station insisted on walking me to my car. He said he just had to see what I was driving because he just knew it was going to be so cool. I tried to warn him that cars were not really that important to me and that I thought he would be disappointed when he saw my car and he was.
I was driving an older Toyota Avalon and I was parked really close to his new Cadillac Escalade.
Our words of the week: Expenses vs Experiences. A word to the wise, as you make purchases – cars, houses, clothes keep your goals in mind and remember that experiences live long after material stuff is gone.
And that’s it for today. I want to close by giving a shout out to one of our listeners Tayo Rockson who left us a review on iTunes – and here’s what he said, “I love this show because of the way she breaks down financial management in layman’s terms.
Thanks Tayo. I love your work as well and it’s a real compliment coming from you. If you like us, subscribe to show and if you leave us a review, I just might read yours on the air. You can subscribe to the show and leave us a review by visiting our website at www.mym360.com and clicking on the green box at the top of the page.
Thanks for listening and as always remember that minding your money really is the path to a richer life!