I met with my financial planner yesterday. It was our first meeting in six months. I just wanted to reevaluate where things stood and discuss a few options I'm looking at. When I pulled out my hairbrained idea and asked him what he thought of it, he shrugged and said "Why not?"
He then continued with words that just about gobsmacked me:
"You have no dependents and your financial future is assured. Why, then, would it matter if you piss away everything else you make doing things or buying things that make you happy?"
He brought up the following points:
-there's no point in depriving myself today so that I can live super well tomorrow. Instead, I should be puting money aside to live well tomorrow so that I can live well today;
-I don't realise it, but I'm one of his best off clients. Yes, my portfolio is worth very little today, but I'm starting at a young age, understand the magic of compound interest, and already know how to pay myself first and then live within my means with whatever's left over.
The only reason he said that I should be tracking every penny is to ensure that I have a good balance in my life between consumables (food, clothes) and durables (life experience like trips and entertainment). He's the only other person besides me I've ever seen sort expenses that way.
I am under strict orders to reach a certain salary level within the next five years. My eyes must have bugged out when he told me the figure and he smiled. "It'll be easier than you think now that you know you're free to take the necessary risks."
I've never had such amazing financial advice that is perfectly tailored to my lifestyle, values, dreams, and goals. Last night confirmed that he is the perfect financial planner for me at this time of my life and he assured me that he'll be there as I take the first steps into my new and very unpredictable life, providing me with at least one measure of security and stability.
"Life's but a walking shadow, a poor player that struts and frets his hour upon the stage and then is heard no more. It is a tale told by an idiot, full of sound and fury, signifying nothing."