Splurging is okay, if you know what you’re doing

I admit I’ve had my share of troubles managing money in the past. I’ve reached a point I believe I’m so much better but feel like I have a long way to go before I truly master money. Thankfully, I know that I’ll get there eventually. Almost everyone can.

And as with all great things in life, mastering money is a journey. Unfortunately, here’s how people approach this challenge — kill themselves everyday so they can die as a king one day or live like a king every day only to die miserably one day. What an extreme way to live a life?

I’ve got friends from both the camps and I’ve had great success restoring balance (by introducing the concept of conscious spending) with the latter than former. You know, the ones who would stop enjoying their lives until they ‘get there.’ A lot has to do with the mindset that’s a result of decades of conditioning owing to their environment (stingy parents, friends, relatives) and illogical belief that money is the root of all evil. You and I know, it isn’t.

The way we think about money is the root of all our problems. If we treat it as a commodity, we spend it on cars, clothes, phones and other dumb shit. If we treat it as a vehicle to your financial freedom, we use it as a resource to buy the basics (including things that give us joy), save, invest, track and even have fun while eventually achieving financial freedom.

I think I’ve said this before, money is a story, how we script it is totally up to us. A great starting point would be to think of how you want to be remembered.

By Sunil Nair

Nurturing leaders of tomorrow.

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