In the context of Freedom, should you spend money on experiences or things? One of the most destructive financial lies is that if you appear wealthy, you are wealthy. When I see people wearing fancy watches, driving expensive cars and living in huge homes, I know that many of those people are not Financially Free.
Many times they have 40-50% of their income going to the banks every month rather than to their Freedom Generator. The illusion of wealth often comes at the cost of really being free.
But the path to Financial Freedom isn’t about penny pinching and scarcity. Once you’re Financially Secure and on your way to Financial Freedom, you have a choice. So, as you plan how to live your best life, should you spend money on experiences or things?
Because Freedom is about choice, not watches, clothes and homes!
Dr. Tony is the co-founder of MindShift.money and the best-selling author of three books on personal and business finances. Having achieved Financial Freedom at 27, Dr. Tony believes that through Financially Fit Bootcamp and Cash Flow Cure everyone can get there. He has made it his life’s mission to help others live a life where their money works for them—not the other way around.