Freebies! Good Deals! And What They Cost You Later…
wise stewardship of Stuff begins with wise decisions
Have you ever bought something that wasn’t quite what you wanted just because it was such a good deal, you couldn’t pass it up? Have you ever decided on the bigger model because it came with a free gadget, only to get it home and realize it doesn’t fit?
How many of us make buying decisions based on how much we can get or save instead of based on what we really want or need?
Don’t worry, you are not alone here. The science of marketing really knows how to play into our fears. The tendency to hoard things, to get it while we can and do it before somebody else does all play into the scarcity mentality that most of us have been conditioned with since before we could talk. These are all fear-based thoughts we need to become aware of if we want to achieve our RichLife.
When it comes to big-ticket items such as the homes we live in or the cars we drive, it’s all too easy to make the mistake of buying more than we really need.
As the saying goes, it’s far better to “own your possessions”
rather than to have “your possessions own you.”
Too much value placed on possessions alone is a one-way street to disappointment and lack of fulfillment. If you ask a person at the end of his life if he wished he’d purchased one more boat, or a bigger house, that’s not what’s usually at the top of their list.
Yet most people are thinking backwards
when it comes to prioritizing their assets.
Most people put money and things first, time and relationships last. What ends up suffering are your loved ones and your health, because you get worn out and tired.
The thing to remember here is that the more Stuff we own, the more our Time is required in their care and maintenance.
Ask yourself, how would you rather be spending your time? Price verses Cost must be considered when making purchasing decisions.
Ask yourself if the price you are paying now
is worth what it will cost you tomorrow.
You might be getting a good deal today, but step back and take a look at the bigger picture. This includes considering things such as:
· Maintenance such as oil changes and paint jobs
· Daily upkeep such as weed control and heating costs
· Repairs and the ordering of expensive parts and batteries
Wise stewardship of our Stuff dictates that the better care we take of our things, the better they will take care of us. The better stewards we are, the higher the quality and the more frequent the gifts become. In other words,
Good Stewardship Gives GOOD RETURN on your Investment!
This happens for a very practical reason: if one does nothing to care for material possessions, they are subject to the elements, to stagnation and general disrepair. Like an engine that never gets an oil change, the life of those possessions is significantly shortened.
A lot of people don’t consider caring for their things a priority.
They either don’t have the time to perform the maintenance work and so just keep buying new, or they simply don’t care. This second could be due to a lack of Energy, a symptom of needless drains as mentioned earlier. But worrying about what needs to be done often takes more energy than the actual job of just getting it done. Your stuff will last longer, too.
But sometimes, we really don’t have the time to keep up with maintenance issues at home, or we really did pack too much stuff. We then have two options:
1. hire someone to help us
2. down-size to something we can handle on our own
As it applies to our stuff, the quickest way to attract more of what you want
is to take care of what you already have.
Are you realizing maybe it’s time to downsize? What are some of the best purchasing decisions you didn’t make? I would love to hear it, because after all, we’re all in this crazy world together.
For more tips on how you can apply the principal of wise stewardship to your everyday life, get a copy of Beau’s newest book, The RichLife, 10 Investments forTrue Wealth at http://www.richlifeadvisors.com/the-book/
Beau Henderson is a financial advisor, author, coach, radio personality, and CEO of RichLife Advisors. He has helped over 3,000 clients to not just improve their relationship with money, but to live the life of their dreams.