- Money easy to carry out, but how do you determine what is valuable and what is worth – or not worth – spending money on?
- Emmy Travis Shakespeare nominee has a painful answer – ask yourself how happy your purchase is if you die tomorrow.
- He said that thinking about his own death is the last litmus test when you think it worth something for your money.
Regardless of whether you are a college student on a budget, starting a new career in a new city, or working with parents with people depending on you, it can be difficult to decide where to spend your money, especially if you feel you are in need. .
How do you determine what is valuable and what is worth – or not worth – spending?
This is exactly what Brandon Mad Fioristawho retired in the early 34s and found the concept of value to be a more difficult post-war retirement, asked producer Hollywood producer Emmy Travis Shakespeare at recent podcast,
Shakespeare spent a year directing a documentary. "Playing with fire,”Which follows the 30th password for financial independence and early retirement, or FIRE, by the community, and explores this trend through conversations with a dozen plus early retirees.
Shakespeare, which allows you to value your own financial life, boiled the answer in one question: "If I was going to die tomorrow, where is this land on my scale of values?"
Shakespeare asks himself regularly about this when he looks at what he wants or wants to do. “I think that the last litmus test is to always think about your own death, which is a very stoic practice, although I would not call myself stoic,” he said.
When he was younger, Shakespeare opened a luxury safari website in Tanzania and promised himself that he would someday go. Quickly moved to his 50th birthday, and he celebrated the milestone by fulfilling this desire, he said in a podcast. Despite the costs and opportunity costs — the idea that he could invest money instead — he asked himself: “If I am dead tomorrow, what do I want?”
The answer was simple. “I thought,“ I don’t want to leave this planet without spending three weeks on Savannah in Tanzania, ”because it’s an incredible experience for a person to face,” he said, adding it was 100% worth .
He said that it is sometimes difficult to stick to his concept of value when it surrounds the external pressures of the Los Angeles show lifestyle. Take, for example, his closeness to clothes that he does not buy very often. Shakespeare is painful the difference between paired shoes for $ 75 and shoes in the amount of $ 400, because the quality of products is very different.
But when it comes to this, experience outweighs material objects. Shakespeare rented a tuxedo for an Emmy because he does not own it.
"I am too cheap to do this because I like:" No, I can use this $ 2,000 to go to you [Brandon] in Scotland, ”he said. “So I'm going to take one for $ 110 from the Internet.” No one will notice. I mean they can, but I don't care.