When we get the urge to buy something, we can come up with all sorts of spending excuses.
Telling yourself a purchase is an “investment” is a common justification for frivolous spending.
Of course, there are legitimate investmentspurchases made for the sole purpose of earning a return on your money.
He cites an example of two friends.
Once you go beyond that point, you’ll be laden with debt.
It may sound a bit harsh, and there’s nothing wrong with the occasional splurge.
But, as Sam explains, justifying our spending too often usually leads to financial trouble.
Be Careful Justifying Your Spending As An Investment| Financial Samurai
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