Worth It

67: Investing vs. Spending: Mindset and Differences

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Sinopsis

When it comes to spending money, it’s easy to see everything as an expense. Taxes cut out of your take-home pay, your car’s tires eat into savings, and groceries just keep getting more expensive. But what you spend your money on can be more than just outgoing expenses; it can actually be seen as investments in yourself, your future, your business, and those around you. On the Worth It podcast, Dustin and Danielle are discussing the investing vs. spending mindset and how it can be beneficial to view some spending through the lens of investments. WHAT YOU’LL LEARN 05:17 Why the Louisiana purchase was an illiquid asset 07:09 How to separate investment vs. spending in your life 07:20 The 25x Rule for saving, investing & giving 08:50 Why so many people are rethinking where they spend their money 09:52 Why taxes should be viewed as an investment 12:18 What you can do to focus on investing rather than spending 12:40 How Marie Kondo’s “Does it spark joy” question can be applied to spending 12:59 Places where you’