I’ve seen posts from Steve Pavlina before, but I finally subscribed to him. His thoughts are incredibly insightful and consistently well written that they are a joy to read. Things like this:
Several years ago, I’d have viewed such purchases as extravagant, wasteful, or imprudent. But I started asking questions that led me to some new insights. How could anyone possibly justify spending $10,000 a night for a hotel room? What kind of person would pay $100,000 for a car? Who’d be crazy enough to spend $200 on a dinner? Are such people completely nuts, throwing away good money just to show off? Don’t they realize that if they bought a cheaper but still adequate car they could use the rest to put a few kids through college? And what kind of person eats $200 in a single meal?
I eventually saw that these questions were a function of scarcity thinking. I call it the “outrage script.” Have you ever run the outrage script?
You won’t often see abundance-minded people running the outrage script. Instead you’re more likely to see them running the gratitude script. That script looks something like this: Isn’t it wonderful that certain people are generating so much value — and so efficiently — that they can easily afford to pay $10,000 for a hotel room, thereby helping to create new jobs and keep money flowing through the hard-working service industry? Isn’t it great that people can afford a $100,000 car in order to fund new innovations that could benefit us all? Is it outstanding that people can buy a $200 dinner, encouraging the best chefs to create new culinary delights and to help the wait staff support their families? While it would be unusual for someone to phrase their questions like this, the common element is that they recognize that spending money is itself an act of contribution because spending is giving.
Years ago I learned that it makes sense to buy the best that you can afford, even if it means scrimping a little in other areas. As Steve notes, these things tend to last longer, saving you time in the long run. But the $200 you spend on dinner lets the restaurant owner pay his or her employees well, which lets them contribute to the local economy. The owner may also support things like local youth sports teams, which contributes to the community.
The money you speng flows back to you in so many different ways, often improving not only your life, but also the lives of others in your community.And that is after you already got your money’s worth from your purchase.
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