This is an article on an ancient money concept which you should not dismiss. You might have heard of the phrase “money not spent, not yours” What is the meaning of this phrase and does it even make sense? After all, if the money does not belong to you in the first place, how do you spend it? Let me share with you some insights of mine.
As a finance blogger, I do not advocate saving as a route to building wealth. I know, I know. The perennial thinking is that we should save for the rainy day, be frugal and practice good money habits. So, to encourage people not to save money would come across as weird, or even disrespectful to some people. In fact, it is almost criminal for a finance blogger to tell readers not to save. But read on if you think this article may be useful to your money journey.
In my life, I have come across many frugal people. In general, they are good people. I also have many friends who are generous and are successful in their careers despite being big spenders. Based on my observation of their character traits, I think I fall somewhere in between of being frugal and spendthrift.
In my opinion, it is important to have a balance. If you hold money too tight, it is easy to lose sight of the beauty of life. We only live once and life is short. Being too frugal or stingy to the point of impacting the quality of life is no good. [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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