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Retirement Quick Tips with Ashley


May 27, 2020

This week, I’m talking about re-evaluating your spending during COVID-19. Despite the difficulties of this time, it’s an amazing opportunity to really think about the areas of spending in your life that are most important to you, as well as those areas that are least important. 

I think a useful exercise is to think about 2 or 3 things that you miss the most right now? If the economy opened up tomorrow and Coronavirus disappeared, what are you desperate to spend money on? What do you miss the most right now? 

Whatever you’re dying to spend money on can be a strong indicator of the types of spending that are meaningful to you and bring you the most joy. This answer is unique to everyone, but too many of us throw money at things that we don’t really value, and the problem with that is that money is a limited resource. So when you spend your hard-earned money on something that isn’t really that important to you, it prevents you from using it for something that will bring you joy, satisfaction, and more fulfillment. 

For me, it’s actually really hard to come up with something that I’m desperate to spend money on. I miss eating out at certain places and I wonder when I’ll travel again, but if I had to pick something though, I would pick getting my hair done. I will be texting my hair dresser the moment I get a whiff that hair salons are opening again where I live. It’s something I could do without or do for less money, but I miss getting my hair done...a lot. And the box haircolor that I used last month is terrible at covering grays. But Joni is much better at covering my grays with beautiful color and I very much long to see her and that color brush or hers once again. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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