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What does the word "resist" mean?
I have mentioned delaying gratification and the pluses of doing so. Well, you know, here and there.
This is taken from a longer email by a reader:
"My girlfriend saves money so that she can go travelling. I tried suggesting we should save money to invests for passive income but she argues that now if we don't travel now, in the future we wont have time and money after being married and have kids."
Alamak! Domestic squabble alert!
I actually said:
"I don't know how to answer your question regarding your disagreement with your girlfriend. The coldest thing I could say is to find a partner who shares your goals and beliefs. Yikes. You really have to sort this out yourself."
I am terrible, I know.
Bad AK! Bad AK!
I like sharing the story about how Jim Rogers convinced his first wife when they were newly weds not to use her savings to buy a sofa she liked.
They could still use their old sofa.
They later got the sofa for "free", using money generated by her savings which he invested.
Nice!
Wouldn't it be better if we were able to use money generated by our investments to pay for stuff we want (overseas holidays included) instead of using money we had saved from our earned income?
I have also shared my own story about how dividends from my investment in ST Engineering paid for my annual holidays to Japan for a few years in a row.
I remember telling my dad this when we were on the bus to the airport at the end of a holiday in Osaka.
He smiled indulgently. I didn't think he believed me then.
Anyway, the sooner we realise the benefit of delaying gratification and the sooner we start investing for a more secure future, the better.
Do you believe me?
Related posts:
1. Two questions which help build wealth.
2. The mystical art of wealth accumulation.
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Cookie Monster learns a lesson.
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