To my fellow college students…

To my fellow college students, I would like to give you one friendly suggestion. Stop buying materialistic things.

In middle school, I stumbled upon a poster that read, “In 20 years, no one will care what shoes you wore.” At the time, that quote had little to no impact on me. I knew it was a meaningful and valuable lesson, but my mind was elsewhere because my parents had recently bought me a fresh new pair of Nikes. I gazed down at my feet, shuffled away from the poster and ran off to my friends to brag about my new shoes.

Almost ten years later, that quote is now one of the codes I live by. I’ve decided that if the object is not an imperative asset to my survival as a human being, then I do not need that thing. For example, I do not need the new and slick Adidas Ultraboosts because my comfortable Skechers are much cheaper and serve the same purpose. I do not need a fancy new Mercedes Benz because a Toyota Camry will do just fine. Even when my stomach grumbles, I try my best to hold off on ordering delivery because I know that a home cooked meal is more cost efficient.

One respectable man I once met at an investor’s meeting told me, “Saving money is simple. You just have to spend less than you make.” I am not saying it is easy to save money because I too sometimes have the human impulse to buy a new pair of sweatpants or sports jersey but I honestly find it extremely simple. If you have ever wondered why you never have any money left over, don’t focus on your earnings but focus on your spendings.

With my saved money, I can dump it into assets such as stocks, funds, bonds, investments, etc. Robert Kiyosaki, author of “Rich Dad Poor Dad”, once said, “The poor buy liabilities. The rich buy assets”. I am totally willing to live like crap right now because I know that as my assets grow day by day, one day I’ll be able to live lavishly. Yes, one day that luxurious Mercedes Benz would be awesome to have gleaming in my 10-car garage. I just don’t need it right now.

Don’t get me wrong. If you like buying materialistic things at my age, then that is your choice and I have no say in that. Saving money is just my current way of living and what I find to be the smartest option for me. I say no, do not “treat yo self”.

If you have any suggestions on how I can improve my life in any way then please let me know. I hope this blog has somewhat inclined you to view life the way I do. If not, oh well!