I used to be in San Diego for the primary time this previous week.
It’s a fantastic metropolis. I can see why individuals are keen to spend a lot on housing prices to stay there.
Michael and I have been on the town to document a stay podcast at Torrey Pines.1 That’s the stunning 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.
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 may spend high quality time with associates or household. Beers on the nineteenth gap are most likely fairly refreshing.
However golf can be costly. It’s an enormous time dedication. Plus it takes numerous apply. I by no means had the persistence 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 wish to spend time on the lake through the summer time. Golf merely doesn’t slot in our way of life 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 here 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 all the time offers me flak for getting comparatively cheap haircuts.
If it doesn’t look nice it can develop out in a couple of days. I maintain my hair brief and get it minimize as soon as each 3-4 weeks.
No want for a stylist that prices some huge cash.
Excessive-end booze. I’ve associates 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 effective 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 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 analogous 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 choose the nice pilots forward of time.
Lavish mattress sheets. I’m certain you might make the case that 600-count sheets make all of the distinction, however Amazon sheets do the trick for me.
Center-aged dad footwear. Sorry however no On Cloud, Hokas or white New Stability footwear 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 relating to autos.
Possibly I’ll undergo a mid-life disaster sometime and get a Porsche, however I doubt it. I like a top 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 — footwear, 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 vital than the issues you’ll partake in.
Prioritization is likely one of the finest methods to each take pleasure in and lower your expenses.
Additional Studying:
The Liberation of Limiting Your self
1It must 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 unhealthy 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.
