Last week, I was a guest on the new Fire Below Zero podcast. The interview was fun. (It'll probably be several weeks before the episode airs, though.)
Toward the end of our conversation, the hosts asked a question that my mind keeps returning to: “What's something you spend money on that other people might question?”
At the time, I had two answers:
- On the business side of things, I spend lavishly on gear. I buy top-of-the-line Apple computers, then pimp them out with as much memory and storage as possible. I recently bought some expensive audio and video equipment to help with the GRS YouTube channel. I pay a lot for this gear, but I don't regret it.
- In my personal life, I have season tickets to the Portland Timbers, our local pro soccer team. These tickets cost $1050 each this year (and I have two of them), or about $62 per game. The price increases to $1150 each next year (or about $67 per game). This might seem exorbitant to some people — especially when you consider costs for parking, food, etc. — but I'm fine with it. I get a lot of pleasure from these games.
This morning, my mind drifted back to this question again. It occurred to me that it doesn't bother me that I spend on either of these things, and I doubt that it would bother other people either. These are deliberate expenses. They're purchases I make mindfully and that bring me both joy and satisfaction. This is how money should be spent.
If I were to answer the question today (now that I've had a week to think about it), I'd say that my biggest spending problem is buying things that I might want to have in the future — but for which I have no use in the moment.
Let me explain what I mean. [Read more…]