The Less Satisfied You Are, the More You Devalue Your Money.
To have money is to have purchasing power. However, if you spend all your money on things you don’t need or want, they diminish your money’s ability to truly improve your life. Contentment, paradoxically, gives your money more power.
As personal finance site Finance Yo Self explains, your money is as valuable as you feel about it. For example, if you spend money on a reliable car that will last more than ten years, it’s more profitable than spending hundreds of dollars every month for four years on expensive restaurants that you didn’t like to begin with. When you spend your money on even more frivolous things that you don’t like, you devalue the money you have:
The most important thing I realized is that some dollars are stronger than others now. Any dollars I spend above a certain point are almost worthless. Sure, they give me purchasing power today, but how much is purchasing power when you already have what you need?
Thus, contentment can reduce the amount of money you spend on things that don’t actually make your life better. The more you refuse to spend money on a fleeting high, the more money you can save on worthwhile expenses. You literally add value to your money by spending it on things that make you happy .
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