EP 163: The Art of Financial Harmony: Balancing Luxuries, Investments, and Philanthropy.

Have you ever wondered why you have an abundance of resources, both financial and otherwise, yet there are so many others that are struggling? Have you ever wondered why you might have a nice car, yet others in your community are walking? Have you ever wondered why you are not lacking in any material things, yet there are those in your community and in the world that are hungry everyday? When it comes to luxuries and giving, it's about finding joy in what we have and making choices that align with our values. Instead of a strict budget ratio, let's think about intentionality. Before indulging, ask yourself, "Will this truly add value to my life?" and "could the resources that I am spending on this luxury be a part of the greater good?” Also, a good rule of thumb to follow is to give first. If you give first, then use your money to plan and prepare for the future, most of us then feel much betterabout indulging in luxuries. Another valuable exercise is to practice purposeful thankfulness. When are acknowledge the blessings and gifts in our lives, it sometimes creates more generosity in our hearts, it sometimes reduces or eliminates a desire to indulge in luxuries, or it can even give us a the peace to know that it is ok in that point of our lives. If you have any financial questions, email david@parallelfinancial.com or simply visit www.weeklywealthpodcast.com/schedule-a-chat