Things give us momentary happiness but experiences provide us with true joy. Do you find yourself chasing after material things to satisfy you or do you seek to share experiences with your loved ones that will create lasting memories?
In this video, James Lenhoff, president of Wealthquest, articulates the difference between investing your finances in experiences versus things.
When you buy something new, it might spark in you a sense of instant gratification and pleasure. But the reality of stuff is that it will soon lose its value and that initial happiness you felt upon purchasing it will fade.
Investing in experiences with your loved ones is invaluable. The memories you create with one another will not only last a lifetime, but they will become increasingly valuable as time passes. These shared moments will be passed down through familial generations, stories that have no price tag attached to them.
Next time you’re thinking about how you want to invest your time and resources, consider the long-term effect of that decision. Will it provide you with temporary satisfaction or lasting joy?
At Wealthquest, you’ll discover a new approach to wealth management where your investments, tax preparation, and estate planning services are offered by one team of fiduciary experts, all under one roof, for one simple fee. Wealthquest is a fee-only financial planning and wealth management firm focused on the integration of your life and finances. Regardless of your account size or stage of life, our firm can help.