All of your cash outflows are either investments or necessary expenses.
There is no place for discretionary spending on your books.
But I’m not talking about never eating out or taking vacations…
I’m talking about eliminating spending that does not “spark joy”.
Those expenses should be “Marie Kondo’d” as quickly as that shirt you forgot was in your closet.
…like your unused Audible subscription
…like the lunches out you mindlessly consume
…like the latest gadget you’ll only play with for a week
On the other hand, “discretionary spending” that sparks joy is actually an investment.
…like making memories on a family vacation
…like the new driver you caress every time before you tee off
…like the course you purchase to learn a new craft
Those are investments in your family, your mindset and your quality of life.
Get rid of your discretionary spending and transform it into an investment.
