Most people are likely to spend more money if they have more disposable income to spend. While spending money may not be a bad thing, making spur-of-the-moment buying decisions can negatively impact your financial health. Spending money on things that improve your quality of life can leave you feeling justified in splurging. Keep in mind that your financial situation will change over time, and your expenses may likely increase. However, try to make realistic assessments about whether a potential purchase can improve your life. This article explores things worth spending money on for a better life.
Luxury Watches
Spending on luxury watches is a significant investment that can guarantee a better life in the future. Besides impacting your finances, wearing high-end watches gives off a classic style. While the appeal of luxury watches is undeniable, the price tag can be frightening. Buying luxury watches makes sense as long as you can afford them.
Luxury watch brands like Patek Philippe, Rolex, Audemars Piguet, Cartier, and Richard Mille will continue to dominate the market for future generations. What’s more, the value of their timepieces will keep going up, making them a viable long-term investment instrument.
You’ll always find a watch at every price point in the market. The watch market has something for everybody. For example, if you Google “best watch under $200,” you’ll find yourself a stylish watch at that price point. Some viable options under $200 include Casio G-Shock, Q Timex Bracelet Watch, Swatch Chrono, Seiko Dress Watch, Orient Bambino, Nokia Steel Activity, Braun Gents, and Citizen Eco-Drive. Manufacturers use the Japanese quartz movement to keep costs down. Watches that feature a mechanical movement chronograph usually fetch a more significant price tag than a quartz movement.
The key takeaway is that a high-end timepiece can retain its value or become more valuable over time. You can sell or trade your high-quality watch for something of equal value in the future.
Heart Rate Monitor
The importance of being physically active is often understated. According to medical experts, exercise boosts brainpower and mental clarity. Studies show that exercise can help prevent stroke, heart disease, high blood pressure, loss of muscle mass, type 2 diabetes, and arthritis. More so, workouts help mitigate the risk of cardiovascular disease. That said, heart rate monitors can help you get the most out of every workout session.
No doubt, a heart rate monitor is a splurge-worthy item. Specifically, the device straps to the chest and syncs data to a wristwatch. This helps you monitor your heart rate in real-time. However, make sure you visit a cardiologist regularly to have your heart checked.
If you live in Beverly Hills, Los Angeles, consider scheduling a one-on-one session with Dr. Arash Bereliani, a notable Beverly Hills internal medicine expert. Dr. Bereliani believes that no one below age 100 should die of heart disease and that being physically active is critical for a healthier heart, as it strengthens the heart, lowers blood pressure, boosts mood and self-esteem, and promotes good sleeping habits. If you’re new to working out, a certified fitness trainer is a way to go. Nowadays, most fitness trainers insist on using heart rate monitors with their clients.
Real Estate
Investing in real estate can create significant wealth for you in the future. Real estate profits come from increased property value that accrues over time. Keep in mind that you can only realize the property’s value when you sell. Underdeveloped lands become increasingly valuable when you develop them.
Additionally, buying and holding is one of the common ways of earning income from real estate. While purchasing real estate requires significant investment, you can enjoy excellent returns, predictable cash flow, and portfolio diversification. Today, many people leverage real estate to create equity and wealth for themselves. The bottom line is that the returns from owning a rental property can improve your quality of life.
Read Also: 6 Posh Items That Are Worth Spending On
