“He Who Buys What He Does Not Need Steals From Himself”
- Author Unknown
Check any American home and you’ll likely find it overflowing with stuff.
Dresses that at one time looked too cute to pass up now languish on hangers. Our latest smart phone purchases quickly become outdated. Exercise equipment we swore we’d use collects dust while DVDs, video games, and our kids’ toys magically multiply on the living room floor.
But our preoccupation with stuff sabotages any real chance for financial freedom.
Instead of building savings accounts, college funds, retirement accounts, and investment portfolios we’ve sacrificed our dreams of security at the altar of consumerism.
In 2012, let’s stop trading our financial freedom for stuff, because when we buy what we don’t need we’re really just stealing from ourselves.
Once we understand the true nature of wealth we can start making our money work for us instead of against us.
Personal finance is about more than math. It's about behavior. Change your behavior and you change your financial situation.
When we spend money we're really exchanging time spent on the job (our life energy) for a product. Understanding this leads to better buying decisions.
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