This is going to be short and sweet.
Having memories will always be better than having stuff. Always.
Over the years people have decided to rebel against the so called “American Dream” and define their lives with a new set of values. The Great Recession, as it is now labeled, has become a driving force for this.
The Millennials have one thing in common with survivors of the Holocaust. They have figured out that some things can’t be taken away from you.
Holocaust survivors learned that possessions could be taken away, but educations and vocations for individuals, such as doctors, lawyers, and scientists, couldn’t be taken away. This is why so many of these survivors encouraged their children and grandchildren to educate themselves in this way so they could always have a certain level of security in their future no matter what might come. (They could always go somewhere new and start over. They sort of carried their security with them, so to speak.)
Fast forward a few decades and a different generation has learned a similar lesson although from entirely less traumatic circumstances.
Houses can be foreclosed on and vehicles can be repossessed, but experiences can never be taken away from you.
Just think on that one for a moment.
I know lots of people right now who wish they had spent their money on dream family vacations instead of over sized houses that were repossessed during the financial crises. Or luxury cars. Or boats, Or expensive jewelry. Or designer clothes. Or ______________. (You fill in the blank.)
Now, instead of having lovely family vacation memories, all they have are regrets over bad choices and digging out of a financial hole.
So buy a nice house that suits your needs, not your wants. Buy a a good, dependable car (if you live where you need one). Take care of your basic needs and make yourself happy. Having memories is better than having stuff.
Don’t do anything to impress anybody. Only do things to make yourself and your family happy.
Then go have some experiences and make some memories.