I used to be in San Diego for the primary time this previous week.
It’s a phenomenal metropolis. I can see why individuals are prepared to spend a lot on housing prices to reside there.
Michael and I had been on the town to report a reside podcast at Torrey Pines.1 That’s the beautiful golf course the place Tiger Woods gained the 2008 U.S. Open.
It’s breathtaking.
Somebody requested me if I play golf.
I don’t.
Taking a look at 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 pals or household. Beers on the nineteenth gap are in all probability fairly refreshing.
However golf can be costly. It’s an enormous time dedication. Plus it takes numerous observe. 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 feel it’s good to have some laborious and quick guidelines about issues you’ll and gained’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 is going to develop out in just a few days. I hold my hair quick 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 pals who take pleasure in top-shelf bourbon or tequila. I imply I gained’t flip it down if provided however I don’t have a style for the superb 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 strain. Plus I’ve learn Shadow Divers. Nope, not for me.
Costly sun shades. It’s not value it to spend an obscene sum of money 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 don’t seem to be speculated to bend so I simply purchase a number of pairs of cheap sun shades to have back-ups.
I’ve the same 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 nice pilots forward of time.
Lavish mattress sheets. I’m positive you would 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 Stability sneakers for me. I’m a middle-aged dad, however I refuse to let my footwear present it.
I don’t care how comfy they’re.
Luxurious automobiles. I’m extra Ford than Ferrari relating to automobiles.
Possibly I’ll undergo a mid-life disaster sometime and get a Porsche, however I doubt it. I like a top quality vehicle, nevertheless it’s extra about getting from A to B than a luxurious experience.
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 so on.
I simply discover relating to your funds, there’s a liberation to limiting your self the place defining the belongings you gained’t spend cash on, gained’t put money into, gained’t take note of or gained’t waste your time on are sometimes extra essential than the issues you’ll partake in.
Prioritization is likely one of the finest methods to each take pleasure in and get monetary savings.
Additional Studying:
The Liberation of Limiting Your self
1It needs to be out in a few weeks as a podcast.
2If I’m being trustworthy 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 sport and I by no means had the temperament for it. Apparently the purchase and maintain mentality doesn’t translate to golf.
