Discover how a simple change of mind can lead you to financial success and real luxury.
What’s a life of luxury to you?
We’re going to go out on a limb here and guess a good portion of you started thinking about some sort of really expensive jewelry, maybe a nice car, and most likely a vacation house somewhere really warm (with a piña colada for good measure). Of course, we all thought of more wholesome stuff too (like a family) – but part of it probably involved some expensive purchases.
We can’t blame you. We’d certainly love a piña colada right now, too.
But ask yourself this. What do Bill Gates, Warren Buffet, Oprah Winfrey, and countless other million and billionaires have in common?
Well, Gates and Buffet certainly aren’t wearing expensive gold chains.
However, we can guarantee you the one thing they do have in common is an investment account.
A stocks or bonds probably aren’t the first things that pop up in anybody’s mind when it comes to luxury.
But they should be.
This is the mindset change you’ll need that will make a huge difference in your life.
Because investing is quite simply the best thing we can do for ourselves
It’s the only gift that actually pays you.
Just think about that for a second. What other purchase out there will actually fatten your wallet instead of making it slimmer?
A spa or a new outfit can both be very nice. There’s no denying that. But with a spa, you’re treating yourself for an hour(ish). And no matter how great of a clothing selection you make, you most likely won’t be wearing it a few years from now.
The right investments, on the other hand, will always be a good look, for any season. What’s more beautiful than making money?
Applying it forward
We’re not saying you have to live the life of a monk. Or even deprive yourself of anything. The best financial strategies are ones that take into account that we’re actually human beings, not cyborgs.
But the next time you get a tax return, or have some extra money because you could achieve a larger paycheck , consider this: is that money better spend at a mall, or on your future?
Yes, even that nice island house (we’re thinking Costa Rica) or having a family are achievable with investing. But chances are, without investing you won’t get too far.
You can start with baby-steps. Put a little each month in. And invest a little while still being able celebrate with some of that extra cash.
How do you view luxury and financial success? Let us know!
We will have plenty more on investing and smart money advice, so be sure to check back often! We also want you to start daydreaming about vacation houses some more – tell the LTH Tribe what your dreams are, and what money moves you’ll make to get started planning your future.