Burning Money can be fun. Before the law gets to me for putting it this way, let me clarify a bit.

I blew half my yearly wage on depreciating assets, and then took a vacation.
(And I don’t regret it!)

I’m not flexing my finances or my reckless abandonment of basic economic sense.

I did something that most people would consider excessive. And to some it well may be. But mine was made on a calculation that goes beyond the realm of finance. It involved reshaping my views of an asset to a very observational definition. Let me break it down.

• In the eyes of the law, what is an asset? An asset is a financial resource that is expected to have a future return on investment. It provides certain appreciation, and bigger future capital rotations. Financial equity as an investment in the now.
  This asset class has value inherent to the value it generates over time – appreciating value. Investments, fixed deposits, term financing, gold, land, you name it – it’s been done and dusted a thousand times over
  
• In the eyes of a hopeful human being, what is an asset? The newest toys. Bluetooth backpacks, homes smarter than our pets, and the newest style statements. Assets that net social equity, or constant convenience, and at the very least a talking point.
  This asset class has depreciating value and almost always ends up in regret if you wind up listening to the negative reviews around it. But it still feels good to own things, have things, use things, and therein lies the utility.
  
• But there’s a third kind of an asset. An asset class that’s an open secret – self-growth. Your body, mind, and mindset.

Burning Money for Yourself

Was I burning money when I bought a new Macbook, along with its entire ecosystem, despite having a very capable work system? Yes. Did it help? Also yes. It helped me save time every time I wanted to open up a document or begin my digital workflows. It helped me enhance my portability and expand my area of work beyond the confines of my workstation.

I was also burning money when I bought my flight tickets to Thailand or Dubai, knowing full well that these are expenses that are consumable upon purchase.

Did it help me in any way? For sure. Nearing a burnout, I skipped over to overdrive and started work anew. Avoided a hospitalisation this time that would’ve cost me about the same amount!

Needless to say, investing in the third asset class can be a combination of the first two, or it can look like something else according to the kind of person you are. It’s a world of A La Carté Individualism after all.

If you like football, getting those season tickets may be a great way to reward yourself for the hard work you’re consistently putting in (not just in work, but also in keeping a track of all your favorite players).

If you like gaming, then investing in a gaming system may as well be one of your most beloved expenditures.

And consequently, investing in the gym, or in health, or in peace of mind in general, always has rewards down the line that make you feel more content than you’d ever be, burning money. So go out there, burn some.

Until next time.