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How You Spend Money Part 4… Based on Emotional Attachments
If you were asked, “How much is the home worth where you formed your memories?” or “How much does staying in your current city impact your income?” We could probably spit out a dollar figure with ease. Understanding the difference between the value of your memories and the value of a physical object can explain a lot of spending decisions.
How You Spend Money Part 3 – What are Your Money Habits?
If you’ve developed a process of living below your income and saving money, you deserve congratulations. You might also find that you cannot stop being careful, tracking your spending, and continuing to save well beyond the time you need to do that. Do you still deserve congratulations if you cannot stop that habit in your retirement years? Isn’t that the time to start spending your assets?
How You Spend Money Part 2 – Are you Entrapped By Spending?
You may believe that spending money will make you happier. If it doesn’t, you might think you spent it on the wrong thing, or in the wrong way, or you didn’t spend enough. You could just spend more to see if it works. Maybe your spending isn’t in alignment with your long-term goals and desires?
How You Spend Money…
How you spend money speaks to what you find valuable, who you want to be with, what you spend your time on, why you do the type of work you do, and how you want to be perceived by other people (even if they don’t care or notice you).
A Personal Confession…
I confess that I still have some money hang-ups. My son and I share information from both being active and interested in finance and money and my son asked me a question that I continue to ponder…
Zelle Scams…
If you use Zelle, whether it is to rent property, sell an item, or buy event tickets from someone on Facebook or some other social media platform, you need to watch out for scammers. This also applies to Venmo, Pay Pal, and the Cash App.
Investment Advice Warning Signs
Long-term wealth strategies, like I have, require that you be educated, know your investment parameters, have some money rules, and be cautious. Please do not make investment decisions based on TikTok or Instagram posts…