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I have always found it interesting how people decide to balance investing while also enjoying the present. Based on my personal experiences, most people think it is invest OR enjoy life. That is just not the case…

When I scroll through social media or talk to people in real life, I find there is a common theme with investing as it relates to life. Most people think that if you decide to build wealth, you can’t also enjoy life. Or the inverse of that. People think they have to just go enjoy life & can’t invest. Well, I am here to tell you that is simply just not true.

But first, to keep this newsletter free…

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The good news: You can do both.

I have always tried to share with people that while I love to build wealth & buy assets, I also find time to enjoy the journey.

For example, a couple years ago when I hit $200,000 invested, I rewarded myself by purchasing a nice watch. I wear that watch pretty much every single day.

Now, when I am closing in on $400,000 invested, I am going to reward myself with a nice Rolex. I enjoy watches, as you can tell haha.

But here is the lesson:

You can do both. You can build wealth while simultaneously enjoying the present. Problem is, people will assume it is one OR the other. I am here to tell you that is simply just not true.

Here is how I find balance in my investing journey:

1. Buy assets first

2. Once I reach a milestone, I purchase something I want & value

3. Once that item is purchased, I go back to buying assets until I reach my next milestone

Of course the item doesn’t have to be a watch. That is just what I value & enjoy. It could be a trip, it could be a necklace, whatever you value. The “enjoying life” aspect doesn’t have to be anything expensive at all.

The point is that you can do both. Just make sure the assets come first.

Real quick, my podcast called The Decade Investor Podcast releases a new episode every Monday & Wednesday. This week I dropped two new episodes:

1. The Wealth Equation

2. The Study of 10,000 Millionaires

You can listen to them on any podcast playing app here: https://thedecadeinvestorpodcast.buzzsprout.com/share

Why do I live by this rule?

I have read too many stories where people will be too far on the investing spectrum & hit their millionaire status at 36, but say they were depressed or isolated their entire way. They had the asset buying down, but didn’t enjoy the journey.

The other side of the spectrum is not investing at all, well of course a lot of people do that & that also is not a great recipe either.

So I found the happy medium. Work hard to save & invest my money. Once I hit a milestone (for me, it is usually every $200,000), I will buy myself a gift of something I have always wanted. I enjoy the artwork & craft behind nice watches, so that is what I chose. That doesn’t have to be the same for you.

Assets first, then once I hit a milestone I can reward myself. It keeps me motivated to stay on the journey while also enjoying life as I go.

So for now, back to work so I can get to $400,000 invested & get that Rolex😃 

I want to help you too. I will be able to help you… soon. Stay tuned, I have something coming in the beginning of 2024 that will revolutionize the game for Decade Investors.

(x)Tweet of the Week:

A little refresher on the power of the Roth IRA 🙂 

Thank you so much for reading & I will see you next week! Until then, keep buying assets.🙂 

- Decade Investor