Why doesn’t “stuff” make us happy?

In February 2009, near the nadir of the financial crisis, I took a ski trip with friends from high school.

In February 2009, near the peak of the financial crisis, I took a ski trip with friends from high school. For weeks I considered not going because it seemed like a poor use of money in the midst of a severe recession when I could be investing for the future at extremely attractive prices. My wife convinced me staying home would be a huge mistake. She was right. That trip turned out to be one of my most memorable. Looking back nearly ten years later, I don't remember how much the trip cost. I do, however, have vivid memories that I wouldn't exchange in return for the money spent or anything I could have earned by investing those dollars instead. Through this trip, I discovered why "stuff" doesn't make us happy and how we can use financial capital to invest in more than just the market, but our happiness.   If you're going to spend, invest in an experience instead of stuff. Read Now: The Secret to Using Money to Buy Happiness First Up Do you want to take your career success and turn it into financial success? Make sure you listen to this new interview with Business Owners Freedom Formula where I share: How we can keep it simple and still reach our financial goals Why "Keeping up with the Joneses" will crush your financial strategy Why (and how) Peter I started allowance with my 4-year-old What the crucial elements are in building a strong financial house Listen Now: How to Turn Your Career Success into Financial Success Should you buy individual stocks? You may look at stocks with steep declines and think to yourself, "There's no way those companies are going out of business. This dip is temporary and it's inevitable that they'll bounce back." But any time you start making investment predictions like these, you're in dangerous waters. Is now the time to pay off student loans or invest? Once you finally finish all your schooling and start earning a full-time income, you need to decide if you should pay off your student loans as fast as possible or contribute available cash flow to investments for long-term growth. What I Am Reading Here is a quick look into what has been on my digital desk these last few weeks… Why Market Don't Seem to Care If the Economy Stinks (Barry Ritholtz) Hindsight Bias: I Knew It All Along, Even Though I Didn't (Novel Investor) Everything You Don't Know About Tipping (Wait But Why?) Simple Tips for Security and Serial Numbers (Seth Godin) To making money simple, Peter Lazaroff Schedule a call to work with me.

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Peter Lazaroff, P.O. Box 440113, Saint Louis, MO 63144, United States