Earlier this week, I tweeted about flying first class:
As usual, most comments were positive, but I also had a few that completely missed the point.
Here’s one comment: “Spending extra just for comfort in comuting doesn’t sound like a millionaire habit…“
And another: “I understand the mindset aspect, but is flying coach really that insufferable for 3-6 hours of flying?“
And one more: “So by this logic…someone should go out and buy a Porsche because then they will start emulating wealthy?“
It’s almost like these folks haven’t been listening to a thing I’ve said over the past 10 years of talking personal finance.
Okay, maybe they are new followers. I get it.
But, let’s talk about this for a minute.
What do millionaires do?
Do they just…NOT spend money on anything?
Of course not.
I’ve said this before, and I’ll say it again (louder, this time, for the people in the back):
It’s okay to spend money on things that are important to you.
Provided:
- You actually value what you’re spending on (ie: You’re not just spending to look rich and successful), and
- You can afford it
If both of those qualifiers are in place, then guess what? Spend guilt-free.
This means you can:
- Fly first class
- Buy designer coffees
- Wear name-brand clothing
- Drive around in a 2024 M-Series Bimmer
…if you truly, in your heart of heart’s, value the hell out of those things and you aren’t going into debt to pay for them.
And, here’s the interesting thing about flying first class. It trains your mind to expect nicer things in life.
For some, it’ll make you work harder so you can continue spending money on the nicer things without the debt.
First class isn’t just a nicer seat with more leg room. It’s a mindset.
Millionaires focus on value, not just price.
If you don’t understand that, then it’s going to be difficult to build wealth.
