Trim the fat? Tighten the belt? Certified financial planner, Landon Tan, walks us through why we need to stop invoking weight-loss in finance and what 'intuitive spending' is.
In his December newsletter Tan points out, “Personal choices are not the biggest component in our wealth. Personal choices are not the biggest component in the expression of our bodies either.”
“It’s considered immoral to be poor or indebted because these things are connected to the idea of being out of control.” Tan shares that he often sees clients agonize over spending decisions, and reflects that in his experience spending habits are relatively fixed whether we agonize over them or not. “Sometimes we get caught up in asceticism and diligence with our money and we forget what the money is for. It’s for you to live the life that you want to live,” says Tan.
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