The common question we hear is: Are you a spender or a saver? It’s the wrong question. Any smart person needs to be both. A more relevant question is what is worth spending our money on, and what things should we resist the temptation to spend on. Given that any good entrepreneur needs to have an live a lean life, not just in their startups but in their life, I thought I’d throw together a top10 list of what to spend on So here it is:
Top 10 things to spend money on:
- Books & newspapers
- Annual vacation
- Gifts (non lavish) for family & close friends
- Sports & exercise
- Fruit & vegetables
- Comfortable accommodation
- Public transport tickets
- Internet access
These are the things that we shouldn’t even think twice about spending on. They add value to our lives and make us better people. In the long run they pay for themselves.
Things which don’t appear on this list, and things we should make what I call our ‘Considered purchases’.
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