Are you getting out there? Going to Portugal or PEI? You know from Your Survival Guy’s experiences this summer that many of you are. Even though inflation numbers are coming down, prices for stuff you want to spend money on, like once-in-a-lifetime trips, are not. That’s why I want you to spend your money somewhat foolishly now, because the risks of not going on your trips are obvious: One, it will probably be more expensive when you do, and two, you’ll be older. Beating inertia is never easy.

Why not make a list of places you want to see and trips you know you want to take? Putting it down on paper is one step closer to putting it on a calendar, making reservations, and perhaps putting down a deposit. So what if you lose the deposit? It’s a sunk cost. It’s the price of taking action, and chances are it will keep you on track to get away.

In all of my conversations with you, one of the most difficult parts I hear about money is how hard it is to spend. Now, I, of course, am working with a special set of investors. Successful Americans who have worked for a lifetime and have saved more than they ever thought they would have. But I hear you when we discuss how we get stuck in our saving ways. We forget how to spend.

Action Line: You got this. Live the life you deserve. You’ve earned it. Need help? Email me at ejsmith@yoursurvivalguy.com.

Originally posted on Your Survival Guy.