Welcome reader! After our how to not waste your 20s and avoid the lifestyle traps articles - It is a perfect opportunity to give an overview of what you should spend your hard-earned money on. Without a doubt, many of you are on vacation - leaving you with enough time to analyze what would benefit you the most. There are many ways to spend money to improve your life. Buying useless material stuff like everyone else? Not something you should do. We are bringing you a bit of a list of things you could spend your money on to improve your life. Some common ones, some unique ones, and some you never thought about.
Spend Your Money Smart
How You Should Spend Your Money: We feel articles like this are necessary because we live in a comical economy - long degeneracy. The average individual life standard has never been better. Opposite to what everyone is saying. We are deep in the spending bubble. Most cannot afford their housing but are too busy buying useless junk they will not use. Why save when you can't buy anything life-changing anyway? A big percentage lives by those words. Young individuals spend their money on useless stuff they will regret. Not realizing that they are not moving further with those purchases and are taking part in the ridiculousness that is going on. A huge chunk of readers reading this are above that. Understanding those purchases does not positively affect their lives. If you are still battling those, we advise you to forget about them. Try at least. Start playing the boring game and forget about chasing the status. Invest your cash flow in the assets and your side business. That is the highest return you can have on your money. Before you comment, Rolex and other luxury goods are investments. They are but the bad ones. If you don't believe us, try selling them when the economy is down. It's important to mention that we didn’t consider your annual income, career, location, social life, or family members. We also didn't take into consideration your age. Based on those, you will have different priorities and different value systems. We can guarantee that all these items we mentioned improve your life. Not just make it better. But help you move forward. Make you more efficient. What will you prioritize? Only you know. We advise starting with the health section and moving from there. Some are nice to haves while the other ones are more mandatory. Leaving that for you to decide whether its worth it or not for you.
Health
What You Should Spend On: Health is the most important category you could spend money on. What do you have if you don’t have health? Not much. Not only that, but it will also allow you to work those 60 + hours per week required to spin off your side business. Our advice? Don’t bother cutting costs regarding health - all the items below are well worth their price and will improve your life.
Bloodwork: Life hack right here. You should visit the laboratory every six months to one year to get your bloodwork done. Bloodwork tells you much about what is happening with your body and where things are heading. Plus, all the deficiencies you might be experiencing. It’s common for people to get 15 - 30% more energy just by filling the holes in their diet. We have yet to meet a high-income wealthy individual who is not doing the same. Worth mentioning that many lives would be saved by doing this. Blood marker anomalies are often one of the first signs something is off with a person's health.
Supplements: You need them. We need them. Everyone needs them. Modern-day diets are bad and there is no escaping supplementation. What most should be consuming daily: Magnesium, Omega, Vitamin D3 (get your levels checked - it depends on your lifestyle), and Vitamin B complex. Forget about the price and go for the high-quality brands. The differences are huge. Plus, you want to avoid putting any unvouched stuff into your system. Important to mention if your diet is bad no supplement will help you.
Testosterone Replacement Therapy: Exploded in the last ten years, and there is a reason. Imagine being a 45-year-old successful business owner who operates for 60+ hours per week. Someone comes to you and tells you: “Hey you can feel 15 years younger if you take this stuff”. You are wrong if you think this is not why people do this. Many high net worth individuals are running different schemes based on these, and it seems like it’s working. Depending on your location, it will either be easier or harder to check yourself and get it prescribed by your doctor. Want examples? Look at Zuckerberg and Bezos's transformations. They are not only running TRT, but it is part of their cocktail.
Treadmill: Our long readers already know we have been preaching to others to get a treadmill for ages. No one ever regrets doing the cardio. It makes you healthier, sharper, and overall feeling better. The treadmill is the perfect item to buy. Why? You have zero excuses not to hop on it. Thirty minutes of cardio a few times per week, and you will watch yourself become a productivity monster. The best part about buying a treadmill is that you can get a barely used one in a solid for pennies - another proof average can’t stick to anything.
Breath Nose Strips: We never tried this over the years until recently, when one of our readers recommended it to us. Considering the price, it’s hard to beat nose strips. More oxygen equals better performance. We are experimenting with this while working from our base of operations and doing cardio. So far? It's worth it. Others also say it’s a perfect sleeping tool that will help you wake up with more energy - removing part of the most common airflow problem.
Money Making
What You Should Spend On: Combining career and side operations to make money-making easier. When making money, you want to buy things that will make it easier. Not just easier. But to make you more efficient and put you in a position where you can put in the same amount of effort but get more output.
Office Chair: Chairs such as Steelcase or Herman Muller will save your back in the long run - those who have them in their office space already know what we are talking about. A huge difference exists between sitting on a kitchen chair and a proper office chair. If you are serious about building up the side income and WiFi money, this is mandatory. Extra points if you are working from home. Big organizations are getting rid of them every three to five years - making it easy to get one with a huge discount on the used market.
Top Line Laptop: We are one of those who do not replace their electronics every three years. Meaning we have to buy the top line when we are buying. If you are buying a quality product, there are zero reasons you should not invest as much as possible. The problem is that most buy items with zero return on them. You don’t need a MacBook Pro to post on Twitter. However, you need one if you plan on writing a huge chunk of code. Our tech purchases are 30x initial investment - when we put on the paper how long we have them and how well they age through the years.
Price is what you pay. Value is what you get. - Warren Buffett
Working Accessories: Not bundling this one up with the office chair and laptop - they are level above when it comes to ROI. This should be self-explanatory since most of our readers are working in tech. What about those who are not working in tech? Monitor, keyboard, mouse, and everything else around you in the working environment. They are all items worth purchasing if they are helping do your job easier. We will never forget one of our first F500 corporate gigs when Boomer declined the second monitor but was forced into it. Result? You can guess his productivity went up with little effort - being completely in disbelief. That stuff sounds ridiculous until you don’t try something better. Don’t be afraid to invest in proper equipment.
Automation: Readers who have been with us longer might remember our Python automation of your 9-5. Always ask yourself the simple question - why would I spend time on the task when automation can do it for me? That is how you should think. You can set up a solid percentage of automation if you know Python. For those readers who are not into that or are looking for easier solutions. ZennoPoster and UBot Studio are tools worth looking into. Other tools depend on what kind of automation you need - Zapier, IFTT, or Cloudflare workers. Need more? Hire a Virtual Assistant to help you.
Good Accountant: You will never understand the importance of one until you are running your own business. A good accountant can save you hours and thousands each year. Making him an investment hardly matchable with any other item on the list. As you are taking off your business, you don’t have to worry about the quality of the account. As soon as you start hitting the proper numbers? You want to hire a serious one. If you must take anything from this read regarding business related purchases - take this. Those who are doing serious numbers are one of those rares that understand the importance of good accountants.
Great Tweet from Will Manidis.
Social Life
What You Should Spend On: Humans are social creatures, and there is no escaping social life. Being in a good position and having a strong network will open all the doors for you. The best way to build a good network of successful individuals? Put yourself next to them. Humans are judged based on looks, status, and background.