Financial Freedom Quick Tip #25: Sweat your assets!
In simple English, this basically means:
Use the living pajamas out of everything you buy.
Why is this solid financial advice?
Because it also has an inverse statement, which goes:
Don’t buy anything if you’re not going to use the living pajamas out of it.
I love this little piece of wisdom, because it taught me to get the maximum amount of profit out of the things I buy myself for work and the maximum amount of pleasure out of the things I buy myself for fun.
If you’re going to buy yourself a computer for work, then use it to its full potential. After a year your keyboard should be falling apart from all the typing, never mind the punishment your poor mouse had to endure.
If you’re going to buy a yourself a super-bike, then raise hell with the thing. By the time you’re done with it, when the engine finally blows, you should find 0 to a 100 in three seconds to be a rather mundane experience, that is best accompanied by a long yawn.
Living by the sweat your assets motto will help you appreciate and make the most of the things you have and keep you from buying things you’re not going to use.
This tip is part of the Financial Freedom Quick Tips series. If you want to receive a notice every time a new quick tip is published, you can subscribe to Liberta.
The sweat your assets principle was taught to me by Iain Fitzgerald. Iain presents training seminars where he teaches business skills in an interactive way, using simulations. I attended his Finances for Non-Financials course. To this day it is the most enjoyable training seminar I’ve attended. If you’d like to get in-touch with Iain, you can email him at: iainf@workshopconsultancy.com.
August 22nd, 2008 at 01:14 am
my maggies, dit maak eintlik nogal sin
August 22nd, 2008 at 02:03 pm
Francois
Soos in die verlede, ‘n baie goeie inskrywing en wenk. Ek is tans besig en deel van ‘n span wat ‘n Rentmeester kursus aanbied. Die kursus behels verskeie aspekte maar ek hanteer skuldadministrasie, maw, hoe kom jy uit skuld uit as jy reeds daar is.
Ek sal graag van jou wenke op die kursus wil gebruik, met die nodige krediete natuurlik. Sal jy my laat weet of ek dit kan doen.
September 2nd, 2008 at 03:01 pm
[...] Financial Freedom Quick Tip #25: Sweat your assets!, liberta has good advice with a great quote (and a funny inverse statement as well). I’m not [...]
September 19th, 2008 at 01:30 am
I’d heard of this one before, but hadn’t really taken it to head.
Something new to ponder – works out to a combination of live life to the fullest and don’t collect needless junk… :p