Most Important Financial Decisions


You are forced to make the following two decisions once you have made your ultimate choice. No errors at least that can’t be corrected again. Okay, but now draw your two money weapons. Choose carefully who is deserving of your company. Make it absolutely clear: Do I want to live in my own home or not? Just that.

1 – Consider Thoroughly Who Is Deserving Of Your Company. Jim Rohn once said, “We are the average of the five individuals we spend the most time with.” List the persons you spend the majority of your time with. Your acquaintances and friends will drive Mercedes, Audis, or BMWs if you drive an Audi. Your pals won’t drive better vehicles either if you choose to drive one of those Opel or Toyota utility vehicles out of pure indifference. You’d probably rather fly to Monaco for shopping than go on a mountain walk if your friends and acquaintances enjoy a good life.

Short version: Your spending won’t exceed those established by your circle of friends and acquaintances. Saving money is impossible if you appear to be a spoiled brat. Some friendship groups will go to a pricey restaurant, order like there’s no tomorrow, and when the server comes, everyone will blindly scan the menu and choose whatever. Hence, carefully consider who and who doesn’t meet your personal objectives. When in doubt, it’s preferable to mount your horse and gallop off into the distance since there is always something better than financial ruin.

2 – Specify Do I Wish To Live In My Own House Or Not, Once And For All? To your own home, you can answer either yes or no. A choice in life is whether to opt for or against an owner-occupied property. The majority of us will never make a financial decision this size, and the results will affect us for years to come. Not that one approach is superior than the other. Just two basically distinct routes lead there. Most people who desire to purchase or construct a home have a time horizon of less than ten years. You like to reside in the home as a youthful family rather than as grandma and grandpa.

If, at age 31, a person decides, “No, I always want to rent a place,” they can invest their money in the stock market for the following 37 years and build wealth in a totally different method. Which route is preferable? Neither. Both have disadvantages and perks. That is a common lifestyle decision. Changing horses in the middle of a race is not feasible. Anybody who has truly always wanted a home loses out on merely 15 years of stock market gain and compound interest if they find out in their 40s that having a family will prevent them from buying the home. Sadly, but tolerable. We can’t always control how things turn out.

On the other hand, stock market gamblers who suddenly decide they want to construct within three years must apply the hand brake and sell. It makes sense that “house ownership” and “having your own children” are connected ideas. You dedicate yourself for decades as you both decide the course. You cannot constantly follow one of the two approaches; instead, you must employ a strategy that incorporates both until these two points are made clear.

Wrapping It Up

In reality, investing has little bearing on financial success. One of the most crucial decisions is selecting your social network. Yet, anyone who engages in an arms race with consumer zombies has already lost. You can still find a way out of a messy mortgage (especially if you have devoted pals).

Hi, I’m Garima and I write about life experiences. I have several books available on Amazon. Check them out today! Any purchases or KDP reads will be greatly appreciated. If you like my books, do leave a review. Here’s my author page on Amazon –


2 Comments Add yours

  1. Pensifhill says:

    It is good to be financially literate. Thank you

    Liked by 1 person

    1. GS says:

      Most welcome


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