Holiday Spending

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So, I’m chatting with a new friend last night and he is a financial planner. Although we did not go deep in to investment portfolios, planning, options, and bonds, we did share a few meaningful moments discussing finance. Here is what I have learned….

If you had a million dollars, to spend frivolously, you probably shouldn’t. While it takes billionaires a long time to realize that they have a million dollars that they can afford to spend however they like, they usually don’t. When they do spend, in that way, they give charitable donations. This is also a way to save themselves money later on.

As I head out to the malls to buy my family a few trinkets, I will keep in mind that it is not important how much I spend. It is, however, the thought that counts.

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