![]() Universally, we want the feelings in our lives to be good, and there’s really nothing else we value. There’s an enormous range of possible things to trade these finite dollars for, but ultimately there’s only one thing you’re trying to get for your money, which is quality of life. Even if you never wrote any of your purchases down, there’s an actual list of things these dollars were traded for, and each of these trades contributed to (or maybe detracted from) the overall amount of pleasure and fulfillment you experienced in your life. ![]() Whatever it is, at the moment you die, it is a real and actual number. Think about it: when you die, you will have earned and spent a specific, finite number of dollars. Therefore it’s important to consider the permanence of whatever benefit you traded it for. It’s gone and belongs to someone else now. You have it until you trade it for something, and then that trade is permanent - you are thereafter permanently without that money. In the year between then and now I’ve changed careers, become about ten times more confident in my ability to provide for myself, and I wake up happy every day.Įssentially, the realization I had is that money is permanent. Over twenty years of daily money worries ended abruptly with a simple shift in how I looked at money. I learned to be good with money overnight, just over a year ago, when I stayed up late after discovering Mr Money Mustache and Jacob Lund Fisker. I live on a lot less than that now and I’m a lot happier, and I could still live on substantially less than I do. The other day I appalled her with my anecdotes about how in 2012 I had let my personal living expenses rise to over $3000 a month. Near the other end of the happiness-per-dollar spectrum you might find the habits of my super-thrifty girlfriend, for whom a month of particularly extravagant and careless living might cost her $1200. ![]() In his memoir, Aerosmith frontman Steven Tyler estimated that he spent about 20 million dollars on cocaine during the 70s and 80s, but now he’s revised his estimate down to only 5 or 6 millon.Įither way, I don’t doubt he had a good time, but I bet that with a different purchasing strategy, those dollars could have bought a lot more good times than he ended up with. ![]()
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