The happiest way to be materialistic

 

In the pursuit of FI, it’s necessary to limit your spending below your income.   As IBFree and other FI readers know, this is the only way to build wealth. So it’s no surprise that in the FIRE community there is a lot of focus on how to limit your spending. However, what outsiders don’t realize is that the main focus is how to maximize your happiness based on the spending you do. It’s not just about limiting spending on everything.  After all, money is only a resource and optimally using that resource for your happiness is the goal.  This means being very introspective and conscious about your spending so that you aren’t wasting any hard earned dollars. This is an admirable goal for everyone since there is no downside to maximizing your happiness per dollar of spending. Continue reading “The happiest way to be materialistic”