Define your values
Consider what you are saving for. If you're not sure what you really want in the long term, you can try a thought experiment:
- Research suggests contemplating death can change your financial priorities. What would the future 'you' tell the current 'you' about what was really important?
- Imagine appearing on a TV show in 15 to 20 years. What would you like to say were your greatest achievements or most meaningful moments?
Describe your answer, draw it, get a clear image of it. When you want to buy something, look at your values and decide if you really want to spend the money.
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"Making money is art and working is art and good business is the best art." ~ Andy Warhol
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Why you need to define your values
Your values are the things that you believe are important in the way you live and work.
They (should) determine your priorities, and, deep down, they're probably the measures you use to tell if your life is turning out the way you want it to.
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