What if someone offered to give you $864.00 each day every day of your life? Would you take it? What you would you do with it? Generally speaking, you really only have 2 choices.
I think of all the things I could buy; things that my family really needs. I can think of plenty of frivolous items on which I could spend my per diem as well. I could save the money for several days amassing a large enough sum to warrant a “big ticket” purchase.
In all of these cases I am choosing to spend the daily money.
But…
What if each day, I used the $864 to generate additional money? Let’s say I found a way to turn my daily $864 into $950 (10%). I might not have the items I could buy with the money, but I would have more money stored up. In this case I am choosing to invest the daily money.
With the first scenario, at the end of a week I have “stuff” but no money. In the second scenario, I may not have any stuff at the end of the week but, I have over $8800. This is previously accrued money plus each day’s money plus10%. Each passing day I can continue to grow my investment as long as I live.
With that kind of investment I am in a position to both continue to invest and spend a little on the things I need and want.
[Tweet “Time is our most precious currency; we must choose whether to spend it or invest it.”]