When it comes to spending, how often do you feel an uneasiness in your stomach? How many times do you find yourself wishing you had a better or different lifestyle? Even worse, do you often find yourself comparing your income to your siblings or closest friends?
Don’t worry, you’re no different than anyone else.
For the most part we all struggle with these feelings. It’s been going on for thousands of years and has only been magnified by living in a world driven by social media and advertising that constantly tells us what we “need” before we even know we need it!
The good news is, there’s an answer. What am I talking about? It depends on your principles. Living by sound principles directs your life choices, the way you raise your family, how you save your money and how prepared you are for your future.
Think about that for a minute!
The most important thing you can do is understand the importance of keeping the right frame of mind when it comes to your assets, income, and how and where you spend money.
Because in the end, your frame of mind is what drives your lifestyle.
What is that frame of mind? One word… contentment. If we can’t find contentment with where we are today, then it’s going to be tough to find contentment with where we are tomorrow. What we have today is what we have. So, based on what we’ve been given in this season of life, how do you live the best life possible with those resources?
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How do you take care of your family? How do you properly give? How do you enjoy what you have? How do you find contentment with where you are today?
Now, I want to be very clear, I’m not saying don’t aspire. I’m not saying don’t aspire for more income, a job promotion, a bigger business, whatever it may be. In fact, John Wesley famously said, “Make all you can, save all you can, give all you can.” I am 100% with John Wesley on this. Can you imagine what a blessing increased income and resources will be if you can figure out how to be content with what you have today?
If you are content today and you get more tomorrow, you will be more content. If you aren’t content today and you get more tomorrow, you probably won’t be content tomorrow either.
That’s because more income, more resources, more stuff doesn’t make us content.
The real question is… how do you live the best life possible, given the amount of income you make and the amount of resources you have today?
Start by being grateful. By virtue of living in America, you are probably in the top 15% wealthiest people in the world. Not a bad starting place!
Then have a plan. I didn’t say the dreaded “B” word… budget. I said plan. A plan brings confidence which leads to contentment. Spending and lifestyle decisions are tough for everybody, but for those with a plan, it’s usually much easier. Along the way, we feel guilty for spending money but we shouldn’t as long as it’s within the limits of our income and it serves to maximize our lifestyle or those around us.
Know where your income is going before it ever hits the bank, and don’t let your credit card statement tell you where it went at the end of the month. Instead of getting nitty, gritty on a budget, I think a better way to go is to think about your income in terms of percentages.
You might say, well that sounds easy but how do I even get started? How do I know what percentages to use? Where do I begin??
Spending and lifestyle decisions can be difficult. Finding contentment is tough. We live in a world of comparisons and in a world that programs us to believe the person with the most “stuff” usually wins. It’s hard not to play that game, but playing along and trying to compete is never a good idea.
Don’t fall into the trap of the fake American Dream… consumerism. We need to understand the forces we’re up against. Understand the manipulative nature of technology and advertising.
There is an old quote that will hit home for a lot of us. It goes something like this… “Too many people spend money they don’t have, to buy things they don’t want, to impress people they don’t even like.” Sound familiar?
Finding contentment in the lifestyle you have today makes saying “no” a whole lot easier.
No matter where you stand on the wealth spectrum, you should strive to find contentment and honor in all of your decisions.
… these two questions when it comes to lifestyle and spending?
1. How can you make the best of what you have?
2. What impact are you trying to make?
If you get these two right, contentment is just around the corner.
Better understand your risk tolerance and how that fits with the investments you currently hold.