I used to be in San Diego for the primary time this previous week.
It’s an exquisite metropolis. I can see why individuals are prepared to spend a lot on housing prices to stay there.
Michael and I have been on the town to report a stay podcast at Torrey Pines.1 That’s the stunning golf course the place Tiger Woods received the 2008 U.S. Open.
It’s breathtaking.
Somebody requested me if I play golf.
I don’t.
a course like this made me want I did. I do know loads of individuals who love the sport. I perceive why they do. You get to be exterior. It’s a problem to get higher. You possibly can spend high quality time with buddies or household. Beers on the nineteenth gap are most likely fairly refreshing.
However golf can also be costly. It’s an enormous time dedication. Plus it takes a whole lot of follow. I by no means had the endurance for it.2
So I don’t spend cash on golf.
Am I lacking out?
Some would say sure however life is about trade-offs.
I’ve children who play sports activities. We prefer to spend time on the lake throughout the summer time. Golf merely doesn’t slot in our life-style and it’s too late for me to attempt anyway.
Nobody has all of it. I believe it’s good to have some exhausting and quick guidelines about issues you’ll and received’t spend cash on.
Listed below are another issues I don’t spend cash on:
Starbucks. No venti mocha lattes with 15 pumps of syrup for me — I nonetheless don’t drink espresso.
Costly haircuts. My spouse at all times offers me flak for getting comparatively cheap haircuts.
If it doesn’t look nice it would develop out in a couple of days. I maintain my hair brief and get it lower as soon as each 3-4 weeks.
No want for a stylist that prices some huge cash.
Excessive-end booze. I’ve buddies who get pleasure from top-shelf bourbon or tequila. I imply I received’t flip it down if provided however I don’t have a style for the tremendous liquor.
I’m a easy man with easy tastes.
Scuba diving. I attempted it as soon as on a trip in highschool. I didn’t just like the stress. Plus I’ve learn Shadow Divers. Nope, not for me.
Costly sun shades. It’s not value it to spend an obscene amount of cash on shades as a result of I’d find yourself dropping or breaking them anyway.
My children sit on them, drop them within the lake or bend them in methods they aren’t purported to bend so I simply purchase a number of pairs of cheap sun shades to have back-ups.
I’ve an identical rule for watches. No Rolex for me.
Hedge funds. I do know there are nice hedge funds on the market however I subscribe to the Ray Dalio line that there are 8,000 planes within the air and 100 good pilots.
The charges are too excessive, they’re illiquid, they’re tax inefficient and I can’t decide the great pilots forward of time.
Lavish mattress sheets. I’m positive you may make the case that 600-count sheets make all of the distinction, however Amazon sheets do the trick for me.
Center-aged dad sneakers. Sorry however no On Cloud, Hokas or white New Steadiness sneakers for me. I’m a middle-aged dad, however I refuse to let my footwear present it.
I don’t care how snug they’re.
Luxurious autos. I’m extra Ford than Ferrari in the case of autos.
Perhaps I’ll undergo a mid-life disaster sometime and get a Porsche, however I doubt it. I like a high quality vehicle, but it surely’s extra about getting from A to B than a luxurious trip.
I don’t share this checklist to evaluate those that do spend on this stuff.
Spending priorities are private.
There are many issues I like spending cash on — sneakers, denims, journey, books, streaming companies, swimsuits, Hawaiian shirts, exercise gear, experiences, and many others.
I simply discover in the case of your funds, there’s a liberation to limiting your self the place defining the stuff you received’t spend cash on, received’t spend money on, received’t take note of or received’t waste your time on are sometimes extra vital than the issues you’ll partake in.
Prioritization is without doubt one of the finest methods to each get pleasure from and get monetary savings.
Additional Studying:
The Liberation of Limiting Your self
1It ought to be out in a few weeks as a podcast.
2If I’m being sincere a part of the rationale it by no means took is as a result of I’m so dangerous at it. It’s a irritating recreation and I by no means had the temperament for it. Apparently the purchase and maintain mentality doesn’t translate to golf.
