Assuming you haven’t been living in a wifi-less cave for the last 5 years, you’ve probably heard of the hashag #YOLO. The phrase “You Only Live Once” reigns supreme as the de-facto excuse to do reckless things. Why?
‘Cause life is short, FUCK consequences!
And when applied to spending, this lets us satiate our shopping urges by giving our credit card a Jillian Michaels’ style workout. After all, life is short, and what better way to enjoy it than to “Treat Yo Self”!
But what if I told you don’t have to live just once? What if I told you can live seven, eight, and even nine lives, each one more fulfilling than the last?
How would you feel about #YOLO then?
Sure, #YOLO gives you an instant burst of happiness, allowing you buy that fancy car, that shiny purse, or that ridiculously cute, yet horrifying abomination known as a “Chinchilla” that you somehow all of a sudden decided you just can’t live without.
But what it’s actually doing is allowing you to blow your cash on silly things without any long-term payoffs. And in doing so, shortening your life span.
#YOLO is about short-term happiness instead of long-term freedom. #YOLO assumes life is short and bleak, forcing you to constantly reward yourself in order to tolerate your short, stress-filled life. #YOLO reminds you that you only live once and there’s nothing you can do about it.
Take my friend, Kyle, for instance. Kyle is THE poster child for #YOLO. In fact, I’ve seen drug addicts go longer without a heroine fix, than Kyle without saying “YOLO!”
You see, Kyle has a 6-figure job that he absolutely hates because his boss never lets him stop working. So to make up for it, Kyle buys $900 Moose Knuckle Jackets, $1000/night beachside Miami vacations, and a $500,000 Condo. He’s over the moon when his friends coo over his fly threads, his roof top infinity pool, and his “I totally met Vanilla Ice on vacation” stories. But reality soon hits. The trendy jacket is quickly replaced by the next big thing; the vacation ends in a week, and he gets an assessment for $20,000 to fix the leaky windows in his Condo, forcing him to work even longer at the job he hates.
Kyle’s happiness lasted less than a week before going right back to the level of happiness he had before. He bought into #YOLO but in the end, it didn’t amount to anything.
Is #YOLO really worth it? Wouldn’t you rather have something better? Something that lasts more than a week?
Forget about #YOLO. Instead, let me introduce you to:
#WOLO stands for “Why Only Live Once?” and it lets you completely redefine your life.
#WOLO lets you live multiple fulfilling lives instead of a single materialistic one.
#WOLO lets you choose what to do with your life instead of being told what to do. #WOLO lets you create multiple lives by becoming FI.
So how many skills can you master in your lifetime?
How much could you accomplish if you had the time to master all those things? You’d have seven lives instead of one!
Take me as an example. Instead of buying “nice” things because #YOLO!, I decided to put the money towards creating my seven lives. This has allowed me to learn something new every 7 years.
From traveling the world, to learning how to Scuba, to writing a children’s book, I’ve been living these amazing, fulfilling lives, and it’s made all the difference. These amazing past few months of Financial Independence have felt like YEARS, instead of the meaningless ten that flew by when I was working.
That’s what happens when use your money to generate more lives, rather than just living the only life you’ve been given.
And you don’t have to be a genius either. Heck, I made it through engineering by the skin of my teeth, and I know you’re probably smarter than me, so chances are you can do it too.
Spend one life learning how to play the guitar. Spend another skydiving. Or start your own business. The possibilities are endless when you have multiple fulfilling lives.
So, now that we know what #WOLO is, how do we get there?
Instead of thinking, “Why not indulge? You live only once”. Think “Why live only once when I can be happy forever by making my money work for me.”
Instead of wasting money on one short life, put it towards your seven lives.
The money regenerates via dividends/income, and you use it to create multiple fulfilling lives.
So, now that you know how to #WOLO, tell me: what will you do with your extra lives?
photo: Filipe Ramos @Flickr
Hi there. Thanks for stopping by. We use affiliate links to keep this site free, so if you believe in what we're trying to do here, consider supporting us by clicking! Thx ;)
Build a Portfolio Like Ours: Check out our FREE Investment Workshop!
Earn a 1.7%* everyday interest rate. No Everyday Banking Fees.: Open up an EQ Bank Savings Plus Account! (Canada only, excluding Quebec)
LIMITED TIME OFFER: Earn up to 4% cash-back (Canada): With Tangerine's Money-Back Mastercard!
Travel the World: We save $18K a year by using AirBnb. Click here to get $40 off your first booking!
Don't Pay FX fees: We used the Scotiabank Passport Visa Infinite card to eliminate foreign exchange fees around the world! Plus, we got 35k points in the first year, and free airport lounge access too! Click here to sign up!
*Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.