Money Monday

I’m excited to announce that Peaks and Valleys is set to become a daily post. This daily post with consist of 7 unique posts each week.

The current layout will look something like this.

Money Monday - Investments and portfolio updates.

Travel Tuesday - travel destinations, planning, travel hacking.

Wild Wednesday - Outdoor sports!

Thinking Thursday - Poetry.

Personal Finance Friday - Financial basics, savings tactics, long term investing.

Self-Driven Saturday - Leadership, destiny, personal development

Spiritual Sunday - Philosophy, stoicism, and religion

Money Monday (#1)

This week is going be different. Today, I’m going to talk about financial basics and concepts that you may know but haven’t thought about.

Something that the book The Psychology of Money talks much about is understanding what your money really does.

For many people, your money is simply a medium of exchange for your time. Every $20 you spend may be an hour of your life. Maybe 2 or 3. 

Your time, which may seem a dime a dozen now, will someday feel like the most precious asset that you have. 

This spending fever that has swept across the globe is one of the most unrecognized and dangerous diseases that has plagued the world. 

While it sounds extremely cliche when someone like Mark Cuban tells you that the difference between him and you is a $3 daily coffee, there is truth to those words.

While I believe that if you are able to pay $3 for a coffee, that saves you half an hour and brings you enjoyment that kickstarts your day, I just want you take the time to understand what purchases are really worth it. How much money have you spent that now just collects dust or sits in a landfill?

That’s where the money is. That money truly adds up. One of the best ways to “make more money” each year is to spend less. To be completely aware of where each dollar goes.

Every dollar, average, invested in your 20s is worth $88 in 40 years!!

Something that I have talked about before and will talk about again is how I have no desire to die rich but rather to live wealthy. 

Freedom in your 20s is way more valuable than billions in your 90s. 

So, a unique topic that I would like to touch on is the value of your money. 

While a salary of $50,000 may seem small to many people who live in places like San Francisco, like myself, that same salary in Vietnam or Thailand is more than enough to live on a put away. 

Similarly, making $25,000 a year, half of the previous salary, may seem like nothing, but if that money can be made with less than an hour of work each day, that $25,000 is incredible. 

Therefore, I believe that we should be less concerned with how much money we make, but rather how and where we make that money. 

And then, conversely, how we spend it.

Have a great week! 

Sincerely, 

Peaks and Valleys.