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This Is Why You Might Spend Money On Experiences, Not Things

This Is Why You Might Spend Money On Experiences, Not Things

What are the things that you value most? One way to find out is by looking at how you spend your money. You’ve worked hard for your income, and you want to make the most of it. So, what’s really important to you? What are the things that you will cherish, that will always make you smile and will stay with you forever? It is the experiences that will last a lifetime, that you will look back on with joy and appreciation. A tangible purchase may give you a thrill, but consider investing in some memories, instead. Not convinced? Here are some reasons you might want to flip through that entertainment brochure, instead of browsing that product catalog.

Natural Disasters Happen

Life happens. Floods happen. Fires happen. Tornadoes happen. You get the picture. Your life can change in an instant, and a lifetime of accumulation can be lost forever. But your experiences are a permanent part of you. You may lose your photo albums, but the way you felt when you first saw the mountains, the activities you enjoyed on your first cruise, and that sunset you saw over the water in Hawaii — those memories will be with you forever.

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IMG_5643 by Sgarton in morguefile

    Things Go Out of Style, Degrade, Fade, and Disappear

    Do you still have bell-bottoms in your closet? Are your old computers, printers, and CD players still stored in the basement? It seems impossible to keep up with technology or fashion trends — they’re always changing! But your experiences are right here, right now. In fact, you may want to take advantage before you miss something! The rising waters of Venice are not going to recede for you. Old Beijing didn’t wait for you, and neither will the Amazonian rainforests in Brazil. That fantastic new tea shop will close if no one visits, and your favorite drive-in still needs movie-viewers.

    Bristol's Biggest Bike-ride (9)

      Items Change Value

      Though some items do increase in value, there’s no guarantee. Vases can chip, paintings can rip, rugs unravel, and cars lose thousands of dollars in value once you drive them off the lot. But your experiences are priceless. What kind of value can you put on biking your first century ride? What about that time those two dolphins raced alongside your boat, or that proposal you received at Moraine Lake? Do you also suck in your breath when you first see the ocean? After I got my first big job, I immediately treated myself to a Rick Steve’s Tour to Europe — one of the best decisions of my life. Money can’t buy you love, and it can’t buy you that perfect memory either.

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        Clutter!

        I don’t think anyone intends to become a hoarder — it starts a little at a time! I want a lifestyle in which I can pack up at a moment’s notice and take an RV across the country! If you’ve ever had to move, you know how cumbersome all of those little knicknacks, holiday decorations, and assorted this-and-thats can become. Forget the stuff — pack up your necessities and head for the coast! And forget those mementos, just take lots of pictures! Digital photos take up space in your computer, not in your house!

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        IMG_5054  Seeman from morguefile

          Shared Experiences

          Your stuff is just yours. Your computer, your car, your clothes, your coffee, your e-mails, your life. Isn’t it better when we share? How about that Cork & Canvas night with your friends? What about a fancy New Year’s Celebration in the city? Will you ever forget that first concert? Or your first time to the theater or the ballet?

          Do you like to be alone on your birthday? How about a group trip to Las Vegas? Or what about a cross-country road trip to see the Corn Palace and the world’s biggest rocking chair? You may not live in a palace, but you and your friends can take a tour of Hearst Castle! Or you can frequent that hole-in-the-wall that you and your friends have been meaning to try. Are you tired of watching your favorite team lose on TV? It’s always a good time at the ball park/court/stadium/rink! And I’d trade gifts for a dinner and game night any day. Create shared memories. They bring you and your loved ones closer together, and they are a great substitution for day-to-day small talk!

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          bang from morguefile

            Change Your Life

            Have you ever heard anyone on their death bed say, “I wish I’d bought that yacht.” Or “If I could have done it all over again, I would have bought that big screen/those diamond earrings?” Life is not about the tangibles. They stay behind when we go, and may be fought over by our descendants! We always want to have loved more, learned more, lived more. The love and memories we leave behind will last. Those unforgettable special experiences — and the hijinks — may be passed on from generation to generation. With every big or little adventure, you create a whole new you. Change your life, change a life! Visit that daughter in another state. Try that sushi restaurant; take your spouse salsa dancing! Take that mission trip and leave with a bigger heart. Live abroad and learn a new language; change your perspective of the world. Or just take a helicopter or balloon ride to overcome your fear of heights and get a whole new view!

            If all the world is a stage, don’t get stuck on the props! Don’t create a mountain of stuff — go out and experience life!

            Featured photo credit: FidlerJan via morguefile.com

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            Last Updated on March 29, 2021

            Life Insurance: A Secure Way To Protect Your Future.

            Life Insurance: A Secure Way To Protect Your Future.

            Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

            Importance of getting a life insurance

            No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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            On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

            Choosing the right insurance plan

            If you’re about to select an insurance plan, you should consider some important factors:

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            • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
            • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
            • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

            Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

            Differences between life insurance plans

            Here’s a short brief of some plan categories you can choose according to your needs:

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            • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
            • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
            • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
            • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
            • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

            Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

            So what are you waiting for? Plan for your future and live a happier and carefree life today.

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            Featured photo credit: aryehsampson.com via aryehsampson.com

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