The Two Most Important Money Decisions Most People Learn Too Late in Life
No money advice, I swear.
Once you finally decide on the following two things, you can no longer make mistakes. At least no mistakes that can’t be fixed again.
OK, but now bring out the two financial guns.
Think carefully about who is worthy of your company.
Clarify once and for all: do I want to live in my own house or not?
That’s all.
1 — Think Carefully About Who Is Worthy Of Your Company
“We are the average of the five people we spend the most time with” — Jim Rohn
Make a list of the people you spend the most time with.
If you drive an Audi, your acquaintances and friends will drive a Mercedes, Audi, or BMW.
If you drive one of those Opel or Toyota utility cars because you really don’t care, your friends won’t drive better cars either.
If your circle of friends and acquaintances likes to live well, you will probably prefer to fly to Monaco for shopping than to hike in the mountains.
To make a long story short: your expenses will be within the limits set by your circle of friends and acquaintances.
You cannot save money if you look like a spoilsport.
There are groups of friends who go to an expensive restaurant and order like there is no tomorrow, and when the waitress arrives, everyone looks at the menu with closed eyes — and picks anything.
So think carefully about who fits your life goals and who doesn’t. When in doubt, it’s best to saddle up and ride off into the sunset because you can find something better than financial death everywhere.
Keep reading with a 7-day free trial
Subscribe to This Is The Point to keep reading this post and get 7 days of free access to the full post archives.