One of my favorite sayings in the world is “you can afford anything, you just can’t afford everything.” Attributed to the beautiful (and financially independent!) hustler, Paula Pant. Who’s probably in some far off country right now enjoying the fruits of her labor as she rightfully should!
A year or so before hearing that phrase, I also remember reading a post by Ramit Sethi of I Will Teach You To Be Rich.com on how one of his friends spends thousands of dollars on bikes which to most of us sounds pretty ridiculous (the last one I bought was when I splurged at a yard sale and picked one up for $50 – hah). But when you find out this guy lives in a one bedroom apartment and barely spends a penny on anything else, it’s hard to give him any crap. And in fact, you actually have to admire the guy who’s prioritizing his spending on what’s important to him!
I say all this today because us money nerds tend to get a bad rap in that all we do is save all our pennies and don’t know how to have fun ;) We may even get the occasional “cheapo” or “Gawd you’re boring” lines thrown our way on top. Perhaps deserved at times, but this is a friendly reminder that’s it’s OKAY to spend your hard earned money. And I’d even encourage it! You don’t want to end up an old geezer hoarding all his gold only to find that it was pointless in the end.
And if you look around the blogosphere, you’ll see plenty of other $$ bloggers picking up stuff too that might make your stomach queezy without any reference.
- Michelle from MakingSenseofCents.com recently picked up a $100,000 RV to enjoy their camping/road tripping even more!
- Chris from MoneyPeach.com just bought a boat! A BOAT! And paid all in cash too – BAM
- Tiff “The Budgenista” just dropped $1,800 on a trip to Africa
- Tracie from PennyPinchinMom.com completely renovated her basement for $22,000 recently.
- Martin from Studenomics (and budding professional wrestler) just spent $867 to order a whole month’s worth of food ‘cuz he didn’t want to think about cooking while training hard.
- Mark and Lauren from IAmThatLady.com spent $8,000 on a new deck and professional paint job
- Jeff Rose from Good Financial Cents picked up a golf cart. “Because, you know, we don’t play golf. But they are really convenient to track down your boys when they are playing with their friends.”
- And Deacon from Well Kept Wallet just snagged an Infiniti G35. With cash money, baby.
The thing all these guys have in common? They can afford it. And not only that, but they consciously CHOSE to afford it. Full well knowing that had they invested it in the market for 40+ years they could have centupled their investment ;) Real word.
The best type of spending is on our dreams.
That’s why we pay attention to our money so much – to get us closer to our ideal lifestyles, regardless of what that looks like for each of us. Contrary to popular belief, not all budgeters are misers, haha…
I’d also like to point out that it’s okay to change your mind on what makes you happy now vs before too. When I was cleaning out yet another box of accumulated stuff lately, I came across my old $700 watch and pair of earrings I used to obsess over. The watch was a Bulova with diamonds of its own accenting it, and the earrings had a solid 1/2 karat for each ear too – lest anyone think I wasn’t a baller ;)
I loved them at the time and they fit my personality, but nowadays they just don’t do it for me anymore. As lame and OLD as that makes me feel, ugh…
So while money’s OKAY to be spent, also try not to get down on yourself for having splurged on stuff that now makes you cringe. Just list those puppies on Craigslist or eBay and get yourself some cash back! Which you can then put towards your next “want” and recycle the goodness :)
At the end of the day, that’s all this stuff really is: a want. And that’s perfectly okay. We’re allowed to splurge on niceties when our finances allow it. We just can’t let them consume us.
So don’t be ashamed of spending those hustled for dollars! And feel free to divulge what you’ve been splurging on yourself over there too… It’s a judgement-free zone here today ;)
Photo cred: Leland Francisco
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!