The Daily Meaning

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Travis Shelton Travis Shelton

Spending YOUR Values

As a culture, we’ve collectively decided what’s a “responsible” thing to do with money, and what’s foolish.

Spending money on something you don’t need = foolish

Buying a house = responsible

Spending money on rent = foolish

$30,000/year on college = responsible

$300 at a nice restaurant = foolish

Buying a new car and financing it = responsible

Buying a big-screen TV and video game system = foolish

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Travis Shelton Travis Shelton

Not Making It About Money

A while back, a client called me with an idea. Well, it was partly an idea and partly wanting me to tell them “no.” There was an opportunity on the table for them, but it felt like a bad financial decision. They were right…..it was a terrible financial decision. There was no possible way to spin this into a “good financial move.” However, by the time our 15-minute conversation concluded, I strongly encouraged them to do it anyway. This shocked them.

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Travis Shelton Travis Shelton

It's the Same 10 Miles Either Way

I was recently meeting with a client who drives a very average car. Seven years old, 120,000 miles, nothing fancy. When I asked him why he hadn’t made the choice to buy something nicer (because that’s what most people naturally do), he responded, “it’s the same 10 miles either way. Driving this car lets me do all the other things I want to do when I’m not driving those 10 miles.”

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