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YTD Spend 2016 vs 2015
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<p>[QUOTE="Matt, post: 599000, member: 1"]</p><p>I consider my personal spending to be 'real real'. I consider my business spending to be something a little different - it's real, but it brings into play concepts of arbitrage. </p><p></p><p>For example, because my 'real real' is so low, and because of the way I view life, I can afford to not take every earned dollar from my business and convert it into Net Worth. Rather, I reinvest it. For example, today I spent $1500 on software that adds value to my clients rather than pay myself a salary with that money. This is real spend, and I earn points, plus, in theory the investment in the software will in the future create more revenue as my practice becomes better and more efficient.</p><p></p><p>As such, if I get an inflow of $100K in a year, I'd be fine with spending the $100K on reinvestments.</p><p></p><p>It isn't willful spending, I take a lot of time to consider the product and value add, and expect a clear ROI from each choice, but it is free spending in terms of my mindset of not being attached to the money and allowing it to improve my business rather than just my own wallet.</p><p></p><p>A long term play.</p><p>[/QUOTE]</p>
[QUOTE="Matt, post: 599000, member: 1"] I consider my personal spending to be 'real real'. I consider my business spending to be something a little different - it's real, but it brings into play concepts of arbitrage. For example, because my 'real real' is so low, and because of the way I view life, I can afford to not take every earned dollar from my business and convert it into Net Worth. Rather, I reinvest it. For example, today I spent $1500 on software that adds value to my clients rather than pay myself a salary with that money. This is real spend, and I earn points, plus, in theory the investment in the software will in the future create more revenue as my practice becomes better and more efficient. As such, if I get an inflow of $100K in a year, I'd be fine with spending the $100K on reinvestments. It isn't willful spending, I take a lot of time to consider the product and value add, and expect a clear ROI from each choice, but it is free spending in terms of my mindset of not being attached to the money and allowing it to improve my business rather than just my own wallet. A long term play. [/QUOTE]
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