If you’re a Christian this can be represented by tithing. However for non-christians generosity can still play a big role. Consider giving to charities, friends, organizations, causes and people in need.
With technology there are now so many ways to connect and give to others. Giving can change the way you see the world around you, make you more compassionate, and just make you feel better about yourself in general.
Enjoying money can be fun! I remember spending money to go out to eat at a nice restaurant. It felt like such a reward to myself for the work I had done. Enjoying money, specifically money you’ve earned, can feel very, very good.
Stop and thing the ways in which you could enjoy your life and your money today. Prioritize the fun with your long-term goals about investing, giving and leaving a legacy. Often people struggle with spending too much money on things that don’t actually provide enjoyment. That is just stupid.
If you’re buying something or going somewhere to impress someone else you are committing two mistakes: 1) You’re spending money you could be investing or giving (which in and of itself isn’t a crime) and 2) you’re spending money on something that doesn’t really matter to you. Leaving a little money for your future should always be at the back of your mind. Which leads us to the third thing…
Not a lot of people in society enjoy investing. The truth is, not many people have really gotten into investing, which hurts them more than they know. When I opened my Roth IRA, I put $5,500 in it. Even in the first half year it grew to almost $6,000, a $500 increase. I was pumped.
Realistically though, investing in a well balanced, thought-through planned investment portfolio isn’t always going to go straight up. Sometimes, even often, the balance is going to go down a little. That’s part of investing.
But as your balance grows steadily over time, you will begin to see why so many people are hooked on investing.
Prioritizing these three things is both a challenge and a beautiful dilemma. It can feel like a blessing to have resources (money) to mange for your future and for your family’s future. That’s why it’s so important to think about these three things.