Although I'm much poorer recently, I'm also much richer too.
Over the last several days I've spent a lot of money. First, I splurged on a 50 minute massage for $67 dollars that came from $260 in poker winnings the other night.
Does the $67 dollars count as “real money” since I didn't have the money before the game? Yes, because I could have easily lost $260 as well. Saving any winnings from poker is a very empty feeling.
Instead, I like to spend it on something rewarding since the excitement of taking down a hand lasts about a nanosecond.
Second, I went on a double date with a client and his wife at this new French American restaurant and picked up the $230 bill. The place definitely wasn't cheap, what with the oysters, wine, cheese plates, bouillabaisse, and 24 layer crepes.
However, it was a good time and great for relationship building. As he is officially a client, there was no hesitation to pay unlike my outing with the real estate agent the other week.
Finally, after two months of waiting and mingling, I'm now officially a member of this cozy old school tennis club. I handed over my credit card to the member rep and watched her swipe it for a cool $10,000.
Curiously, I didn't blink an eye because I was so excited to finally be apart of the family. The process overall has taken 2 months! There's something about going to a place where everybody knows your name. The club feels like one big family.
Poorer For Money, Richer For Experiences
In total, I spent $10,297 in the past three days with no regrets. It's quite strange, because I realize $10,297 is a lot of money. I really do. Yet, there is not one ounce of “buyer's remorse”, because I haven't really bought any “thing.” Instead, I spent money on experiences, which are well worth it.
I'm super excited about meeting all the members of the club especially. I've already met around 55 members through weekly Saturday morning doubles sessions and there are several hundred more to go.
Maybe I'll find a new best buddy. Maybe I'll discover a long lost friend. Or maybe I'll play a plenty and get in the best shape of my life. Aren't those things priceless? To me they are.
Perfect Saturdays now include playing a couple hours of tennis starting at 9am, stretching and hitting the sauna after, and then getting brunch at the dining area upstairs.
At Princeton, you have what are known as “eating clubs” where people socialize. This place feels the same way where members just hang out after a match and catch up on life.
Time and time again, I realize that spending money on experiences far surpasses spending money on things. I could have used the $10,297 to buy 1/5th of a new $50,000 Audi Q5 3.0 liter SUV, but rather, I'll just keep ~$5,000 Moose for another year and hope nothing breaks.
The left over money after you've established your retirement framework is meant to be spent. I say go have fun and live a little! Even if you feel a little poorer, adopting the Yolo retirement philosophy isn't so bad once in a while.
In late 2016, I finally splurged on a Range Rover Sport and am driving it today. I couldn't be happier. Spending some of your massive investment gains feels great!
Passive Income X Factor – Starting A Website That Makes Money
I feel richer because I have building passive income to fund our early retirement lifestyles since 2012. I no longer feel poorer spending money on great experiences.
In addition to passive income, I'm actually earning active income online. As well.
I never thought I'd be able to quit my job in 2012 just three years after starting Financial Samurai. But by starting one financial crisis day in 2009, Financial Samurai actually makes more than my entire passive income total that took 15 years to build.
If you enjoy writing, connecting with people online, and enjoying more freedom, see how you can set up a WordPress blog in 15 minutes with Bluehost. It's cheap and easy to start!