Just last week Ft had come out with a magazine called " how to spend it ! " -
" Wine is no different from a stock market portfolio. You have to keep it finely tuned to make sure it's working for you, whether it's for profit or pleasure. "
Observing how the wealthy people live their life can create quite a story in itself. Just like all other things they are different types of 'wealthy' people as well.
Having met quite a few myself, I can say I know a "little" bit about them. You have the one's who splurge it all and the ones who hardly spend.
Warren Buffet says there are two rules that he follows:
Rule Number 1: do not lose any of your share holder's money.
Rule number 2: Do not forget rule number 1.
His advice to young people : "Stay away from credit cards and invest in yourself and
A. Money doesn't create man but it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen to them, but do what makes you feel good.
D. Don't go on brand name; just wear those things in which you feel comfortable.
E. Don't waste your money on unnecessary things; just spend on things that you really need.
F. After all it's your life, then why give others the chance to rule your life."
Now, as someone who has looked upto him for advice and how to go about everyday things without money getting into your head, I would say there is just one thing that would disagree with him, and thats on point E. If we were to spend on things we really only need then we would hardly spend & wouldn't have to work hard. What is really required can be sustained with little money.
I shop when I know I can afford it. There has always been an Epinephrine (adrenaline) rush when you buy something out of the money you have earned for yourself. Having started to work at an early age because daddy refused to support my 'necessities' as a teenager, I know how it feels to splurge.
Splurging someone else's money or living it off someone else, doesn't really help much unless you have helped that someone earn that money.
If at all you wanna make it big then you must experience meeting people who have it all and who have none at all. It's good to touch base with both the sides because in reality they both exist. One cannot survive without the other (reality of life).
Having seen the two sides I can say I am ready. Ready to live it up. Life happens only once, its your way or you take the highway. (well explaining that just incase that wasn't enough: either you make your own road, or take the road someone has already laid). Remember the bumpier the ride, the sweeter the final destination.
I have a dream, a dream that one day I can fine dine in the best places without forgetting my roots.