88. Your Handbag Is Not an Investment: The Money Lies We Need to Stop Telling Ourselves
What actually makes something an investment?
We use the word constantly: the designer handbag is an “investment piece,” the kitchen remodel is an “investment in the house,” the vacation is an “investment in the marriage.” But somewhere along the way, investment became less of a financial definition and more of a way to justify spending money on things we want.
In this solo episode of Talk Wealthy To Me, Michelle Taylor introduces what she calls “investment laundering”—the habit of taking a purchase we’ve already decided we want and running it through the word investment so it feels like a…
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