Unlike a lot of the other advice out there telling you to cut back on everything and live in a tree house until you die (“no burial costs needed when you let Mother Nature do her thing!”), I encourage people to spend extravagantly on the things you love – as long as you cut costs mercilessly on the things you don’t.
Today, 5 things that I think are worth the money. Then I want to hear from you.
1. Flowers. If you’ve ever bought flowers for someone from a run-of-the-mill florist, you know the difference between what you see and what your recipient gets. It’s like buying a Big Mac and getting a cardboard sandwich.
This is not a joke. See real reviews here.
The best flowers are from a site called Ode A La Rose. Yes, they’re expensive…and yes, they look even better than the photos and last forever. Save the site for a special occasion.
This bouquet costs $95 but is 100% worth the money.
If you’ve never bought flowers for someone…come on. At least go surprise your mom today.
2. Your phone and computer. Just buy the best and stop messing around. You use these things for hours every single day. If you’re trying to save $75 on 1GB of storage, you are going to hate yourself very soon. By the way, the key to buying the best is actually keeping it as long as you can.
Here’s how I did it with an old phone. By the way, this video is from 2008 so cut me some slack.
3. Books. I have a simple rule for books. In fact, it’s called Ramit’s Book-Buying Rule:
Get more tips like this on my Instagram & Twitter.
This is true for anything education-related. If I see a course and it costs $10, $2,000, even $25,000 – I don’t blink an eye. If I need to fly across the country to meet someone for coffee, I’m on a plane. Here’s how I set up my savings accounts to save for things like this.
Big thanks to my parents for teaching me this principle.
4. Extra phone chargers, pre-cut vegetables, and anything convenience-related. One of the best purchases I ever made was buying a second phone charger – one for my living room, one for my bedroom. For $29, I can feel happier every single day. Think about the little inconveniences in life that can be solved with less than $50 – you run out of Tupperware, or you have to do laundry every week because you run out of gym shorts, or you avoid eating celery because you have to cut/wash it. As long as you can afford it, spend the money, solve the problem, and move on.
5. Unforgettable experiences. I remember traveling and saying, “No, we shouldn’t book a tour from the hotel. It’s always a rip-off.” I ended up not doing the tour at all. I should have just booked the damn tour, even if it cost me an extra $50.
The older you get, the rarer it is to truly have a new, unforgettable experience. Most of the meals I have are forgettable – and I live in NYC. Most airplanes I travel on are the same.
So when I get the chance to experience something new – seeing a new show, or going to a cocktail class – I jump at it.
You probably won’t remember the extra 200 thread count sheets you got 5 years from now (btw if you think thread count is the way to measure sheets…do some homework).
But if you get the chance to go through an experience – a meal, a museum, even a weird night out with friends – those are the things you’ll never forget. It’s worth it.
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P.S. If you want to know how I automatically save for these things, get the same system I use for my personal finances in Chapter 5 of my book (it’s less than $10 at Amazon).
from I Will Teach You To Be Rich http://ift.tt/2gNbXKf