About this episode
Five benefits of spending your money are discussed.
(What? Is this irresponsible?)
Keith Weinhold tackles the rarely-discussed benefits of money-spending:
- You beat inflation.
- You don't "lose" money; you spent it how you desired.
- Ensure a better quality of life.
- You help the economy exactly where you want to.
- Spending is more fun than saving.
Many are afraid to discuss the topic of spending.
Also discussed - what goes into home price appreciation, how inflation persists despite decades of technology, Millennials waiting for home prices to drop.
Back to spending:
- Are "cheap" people annoying?
- School is irrelevant to wealth.
- Don't cut expenses; increase income.
- The only place you get money is from other people.
- Buy top vacations, wellness & exercise, mattress, vision, shoes, dental, home renovation, unprocessed food, phone.
- Spending is an investment in yourself.
- Experiences vs. Stuff.
- Money is fuel; it's only potential.
- The $25,000 taco.
- Giving to charity.
Benjamin Franklin: "Wealth is not his that has it, but his that enjoys it."
Then, a discussion with our Tampa provider about finding the right rental property neighborhood.
Join us on our upcoming Tampa Real Field Trip, Oct. 10th to 12th. Start at RealEstateFieldTrip.com.
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