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Writer's pictureBentley Cheng

Why is it good to spend more $$$?

It is funny how I am writing this article when I am sharing about saving for the rainy days in my previous article. Many would have thought I am born with a silver spoon... But let me share with you something... Probably something that shaped my vision of life today... I am not born in a rich family, but I grew up with a mindset fed with luxury. Luxury watch catalogs, lifestyle magazines and fashion shows... Something that as a child it generated my interest towards living a luxury lifestyle one day. Of course with many heads shaking when they heard about it from my parents especially being born in the era of conservative Asian culture. I mean, which middle-class family would allow their kid to spend thousands of dollars on a piece of clothing? Although they don't know the fact that I go through at least an hour of preaching after...


Life is never smooth sailing. To have growth, we need to fail. A muscle will only grow if you work it till it fails. Only when one struggles to push through their potential, that is when they can learn, grow and succeed. Just to name a few lessons which I have learnt while growing up... And it is only when I started making my own money, I realized that my parents were in fact giving me a very strong motivation factor since day 1. I knew I had only 2 choices that I can make and it is definitely going to change my life...

1) Compromise on the lifestyle that my parents once given me as I could not afford it

2) Work hard (and smart) and continue with the lifestyle that I have been living (which is getting costlier each year as the economy grows)

Of course I chose the latter... Who wants to give up a lifestyle that you enjoyed for so many years? Therefore to be able to spend more than anyone else, it would clearly mean that I have to work harder than anyone else. There's a price tag to pay for everything isn't it? To be honest, I am not entirely supportive of saving money as a whole, but rather only saving for the rainy days. One should not be saving to make a purchase because that would mean you are buying something that is not within your means. Instead, one should be thinking of how he/she can earn enough to make the purchase so that it does not affect their savings. Because by saving up and putting every penny into the bank, it will only make the bank rich, not you. While making your money work for you in investments and making sufficient to enjoy the lifestyle which you desire, would keep you afloat. At the end of the day, when one only has the mentality to save, he/she will not have the desire to make more money...

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