The Audacity to Waste Money for Better Finances
I always thought it would be great if a screen door would work with the double french doors in my kitchen. That way, air could come in without the bugs having access to my house. Recently, I saw a retractable screen door at a friend's house. It would be the perfect solution I thought, until he told me it costs $700 to get it installed.
$700?! That's practically a decade's worth of air conditioning. I might as well just turn on the A/C any time I'm hot. But then a few days later, though the temperature was high in the kitchen, I opted to just bear with the heat since it was actually cool outside. The retractable unit obviously popped into my mind again. Since I was never going to turn on A/C anyway, is comparing it to the cost of running air conditioning just plain wrong?
This got me to think: Is there anything else that seems to be a waste of money at first glance but might not be so bad for certain types of people? Here are a few examples.
What's Worth the Waste
Financial advisers want 1 percent every year, and I've read loads and loads of articles about financial scumbags. Expensive, right? I get it. But for those people who can't keep themselves from themselves when the markets are at extremes, isn't that 1 percent a very smart price to pay? Buying a cup of Starbucks coffee every day may cost thousands of dollars a year, but isn't it better than feeling miserable all day?
I mean, some people end up buying a big ticket item every few months just because they aren't happy! And if you feel at peace, what's to say that you won't end up finding the motivation to start a side business that will make you that Starbucks fund many times over? Same with houses, cars, dresses and whatever else you fancy. If it motivates you, makes you happy, and you can afford to pay for it, what's so wrong about buying it? After all, money is meant to be spent, not hoarded.
What I Mean
Look. Most of us can probably use more of the "don't ever spend on anything" articles because we aren't saving enough. But in specific types of situations, what seems like a big waste of money is actually worth it. Think of it as an investment. Investment for your peace of mind, investment for your business, and maybe an investment for your happiness. Not every waste is actually a waste. Know yourself, and may your decision take you onto a smoother path to financial freedom.