172 – June 21
“I never did a day’s work in my life. It was all fun.”—Thomas Edison
When requested to fit a new project into my calendar, I ask myself these three questions:
- Is it going to do a lot of good?
- Is it going to be a lot of fun?
- Is it going to make me a lot of money?
This is the first test, and at least two out of three answers must be yes.
Then I ask two more questions:
- Is it going to take a lot of work?
- Is it going to take a lot of time?
Hopefully, the answers to these questions are no. If they are yes, I have a final question:
- Is it worth doing anyway?
If the answer to that is yes, I do it.
“I do a lot of good. I make a lot of money. I have a lot of fun.”
“Girls just want to have fun…” goes the Cindi Lauper song. Boys, too, I should imagine. I certainly do. I change the song to “Girls Just Want to Have Funds”. Hee.
When it come to accumulating assets or accumulating experiences, I fall decidedly on the side of experiences. I want to have fun now; I don’t want to sludge at a job I hate waiting for the day I retire to live free and love my life. Besides, statistically, 29% of people don’t make it to age 65. And after retiring at age 65, a third of those people are dead within two years.
Kind of makes you think, doesn’t it?
I want to have fun now. I want to live free now. I want to travel and love my life now.
You have to figure out what work/life balance you want. Is it okay with you to have less stuff and more memories?
I’d much rather travel and remember the wonderful time I had than buy another stock or bond. (I can hear the groan of a thousand Financial planners across the land as they read that. Hee.)
I’d rather invest in stocks and bonds than buy a house with a big mortgage that I have to serve because if I have a downturn and can’t make the mortgage payment, they take away my entire investment! With other investments, I can buy more when business is good and less when there’s a lull like the Great Recession. The stocks I own don’t get taken away if I don’t buy another stock this month. (Now the groans come from Real Estate agents.)
Owning a house is great, and having investments is great, too. You just might want to balance it all so that you get some time off and some great vacations, too. Who want’s to be “house poor”?
That’s Financial Stress Reduction®!