Is money earned just to be spent? 

Hi, my name is Ka Hoe and I’m the founder of J Advisory and today I’m going to be sharing with you another common misconception where I keep hearing people say that you know money that we earn is just for us to spend and those people I call them the real spenders right spoken like a true spender. 

So if you’re asking this question it’s exactly the same as my t-shirt here.

Is money earned to be spent entirely and they will say abunden? So here’s my thought. I believe that everybody should be living their life in a very balanced way like that we always talk about instead of going extremely left or extremely right. I always believed in the middle path. So what do I mean by that? When we earn a hundred percent I have talked about this in many of my classes before. It’s always a good habit to put one third aside for investment, one third aside for commitment, one third aside for expenses and it is good that if you spend every single cent that you have allocated for spending right? 

I know how good it feels.

Because I remember those days when we’ve budgeted the money for our wedding or house renovation. And the fact of spending their money while you know and getting other goods or the things that you wanted to buy or you feel so good man, but here’s another thing right don’t be the kind of person who if you’re earning a hundred percent and you go and spend a hundred twenty percent. 

I think that is an addiction. 

You know, because I believe these are the types that really go up every day and you know Shopee Lazada and keep on buying stuff just for the sake of buying. The question doesn’t really cross the mind that I’ve guessed you have to really ask them to ask themselves whether this is something that you need and I’ve heard of this trainer that shared with me this rule before it’s called a “sleep it over rule”. 

So what’s the “sleep it over rule”?

If there’s something that you really want to buy and you know, you have this desire so strong that you can not stop thinking about it before you click on the button BUY right just take a night sleep over it and then if the same urgency and then the same need that you still need to buy that particular product after one day go ahead and buy it. But if after one day the feeling of the urgency that desire of owning the particular product is gone, most likely it’s more of a want rather than a need right? 

So let me know if you heard this “sleep it over rule” before I felt it’s very good for those who are very into buying and just for the sake of the addiction of spending right? Let me know in the comment section and I’ll see you next video.