Over the past year or so, I have become mightily obsessed with the board game Settlers of Catan. It involves collecting, managing and trading resources to build settlements and cities – with the final goal of being the first person to achieve a preset development stage. But that is just the gist of it. There are innumerable strategies that can be incorporated into the game. But there is one common trait to any strategy I choose to use. And that is to ensure that I ‘spend’ my resources as fast as possible in order to ‘build’ more settlements/roads/cities. This means that I do not ‘save’ my resources with the hope that I build a lot more at a later time. And because of this, when the robber is played, I usually do not have to forfeit my excess resources which I might have otherwise had. So as and when I get resources, I ‘spend’ them and acquire a road/settlement/city/D-Card. This typically increases my development points tally immediately. And as I keep doing that, I keep inching towards the target development points of 10 (varies). Of course, there is some other strategy always involved regarding whether you build ‘vertically’ or ‘horizontally’ or if you plan to connect all your settlements for the longest road points, etc. But in any case, ALL these strategies require me to ‘spend’ my resources to add to my development points. Saving has almost never helped my cause.
This brought me to observe and question my own spending habits. What do I do with my money? Do I tend to spend it fast or do I tend to save first? Do I live a comfortable life spending money within my means, or do I live a frugal lifestyle while I save money for some unknown future purpose? The answers to these questions was extremely simple and glaring to me.
I am an unequivocal and unapologetic spender. I spend money on every single thing that I decide is desirable/necessary and worth it. I spend, what some consider, an obscene amount of money on music related products and experiences. I am more than happy to spend a few hundred dollars extra in rent just so I can avoid having a roommate. I recently went on what turned out to be the most expensive vacation I had ever taken – and all by myself too. I upgraded my car within 2 years of buying one that was brand new then. I spent a small fortune on having my parents over and taking them on numerous vacations here in the US. And I continue to spend money to live a very comfortable lifestyle in which I do not deny myself any product or experience that I find desirable and can afford.
No. I am not a rich guy. Far from it. I still pay out loans, I send money back home every month. And when I do my accounting every month, all I see is that I just about break even. In a way, I just barely make ends meet. Only difference is that my ends are sufficiently far apart for me to live a very comfortable lifestyle. The point I am trying to make here is not that you can do more things and buy more stuff if you have more money. This is already understood and is nothing more than common sense. What I am more fascinated about is just the idea of NOT spending money, or as is more popularly known – saving money. Why do people save money? What incentive do they have to save money? Why do people give up everyday comforts of life just to save more money?
It is the first question that I am still trying to find the answer to. Most replies I get have something to do with the words ‘for the future’, or ‘in case of emergency’, or ‘you’ll never know when it might come in handy’, etc. Granted, there are people who save money for a specific reason, such as paying for school, children’s fund, etc. It is not these people that puzzle me. What does puzzle me are the kind that sacrifice everyday comforts just so they can ‘save more money’. These are the people who have no idea why they are saving the said money. They just go with the idea that all that saved money will come in handy ‘at some point in the future’. And they live a frugal lifestyle – not because they feel comfortable with it, but because they just want to save more money!
When I observed this contrast between the way I handle my money and people like these who are just all about not spending, I stopped for a second and wondered if I was doing something wrong here myself. Perhaps I should be saving some money after all? Maybe some emergency is just around the corner? I might even feel proud of myself for controlling my spending? I can prove to myself that I don’t need any materialistic pleasures? That is supposed to be a good thing, right? Maybe I will need to start saving right now so that later my future kids can do something for free? Maybe it will work as a down payment on a mortgage that I might take on a house sometime in the future? Maybe I should save money just for the sake of it?
Naa…..Fuck all that!
Those questions pretty quickly began to sound like nonsense to me. The idea of ‘What if?’ does not appeal to me. Neither does the idea of giving up something now so that something else can be done in the future. I am all about right now. Instant gratification? No. More like enjoying the present moment – because that is where we live – in the right now. Not in some distant future that you have imagined – no, decided – is going to take place. I am all about making the most of what the world has to offer to me – today and right now. I do not understand the idea of consciously making myself live less comfortably now for some perceived benefit in the distant future.
For example, I have spent about $5000 over the past 4 years going to concerts and all other music related purchases. $5000 is always going to be a lot of money. But, as I sit here typing this post, would I rather have that $5000 in my bank account now? Well the answer is an easy NO for me. But if I had chosen to save that $5000 for ‘some future use’, just imagine what I would have missed out on in the meantime? All the innumerable moments of inspiration and wonder that I experienced at every one of those concerts would be gone. Those were the moments that defined my life for 4 years. It is just horrible to think of what I would have missed out on if I had chosen not to spend all that money. And then when I ask myself what kind of a life I had been living the past 4 years, I would never have a satisfactory answer. “Oh I was just saving up so I can lead a better life in the future” is the most nonsensical answer I could give to that. So, NO, I would never ever want that $5000 in my bank today at the cost of having missed all the things that defined my life for 4 years.
Back in 6th grade, I read 3 verses of Someshwara Shathaka – a collection of 100 verses by a 14-15th century Kannada poet. The first two words of the 2nd verse is something that has resonated with me all my life:
Translation: What’s the point of having money that is not spent?
It is that simple. A few years ago, I was watching The Wire. During one of the many many memorable scenes, I heard Omar Little say something extremely similar – except he said it with infinitely more badassery. And anything Omar says is wisdom from the gods. Here, watch it for yourself.
Found the money quote? Alright, here let me break it down for you
Omar breaks into a cash rich poker game where Marlo Stanfield is playing and proceeds to rob him.
(This is followed by an even more epic quote but I am sure you can figure that out from the video. BTW, if you have not watched The Wire, you will).
And that is pretty much the mindset with which I live. Just like in Settlers of Catan, I earn resources. Once I earn these resources, I almost immediately spend them all in order to buy products and experiences that makes my life at THAT moment more comfortable and enjoyable. Money in my bank account is just a number. Money spent, on the other hand, immediately implies something that I had gained. I do not wait for the future before I choose to lead a better life. I choose to lead a better life right now. And I am extremely glad that my parents fully approve of this.
All I heard about money during my formative years (except from my parents) was how evil it was and that materialistic pleasures were the devil’s luring, and how one must find happiness in non-monetary things. Right now, that advice looks like a complete piece of BS to me. All the experiences I have had with all the money I have spent have generated such intense feelings in me and have provided me inspiration at such a fundamental level on so many occasions, that it is hard to not feel in awe of it. For someone to say that I shouldn’t be doing that is just plain dumb.
Sure, all that money in your bank account does not follow you when you die and go to heaven. Which is exactly why you should spend all of it NOW while you LIVE and die with nothing in the bank.
PS: If you think this applies to gambling, you are a worse douchebag than I thought you were.