This is optimal finance daily episode 1373 stocks part 19 how to think about money part one by j j j l colons n h dot com and i'mcom. And I'm your host and personal finance enthusiast, Diana Merriam.

This is the show where I serenage you with the sweet sounds of personal finance knowledge from some of the best blogs on the

planet with the author's permission of course.

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Just search for optimal living daily wherever you get your podcast to check them out.

Now today's post, it's called Stocks, Part 19. I read you part 23 back in episodes 1324 and 1325 and like last time I'm breaking this one up into two parts

So there will be a part one today and then we'll finish up the rest tomorrow. So let's dive into

the first half of Part 19 and How to Think About Money Part 1 by J.L Collins of J.L.

N.com. Level one. It's not just about spending.

Get yourself a nice, crisp $100 bill or a hundred pounds or a hundred

or a hundred euros or any of the bills pictured in this post.

Now prop it up or them up on a table in front of you or in your imagination

and give some thought as to what it means to you.

For instance, you might think about what you could buy with it right now.

A hundred dollars buys a very nice dinner for two at a good restaurant. A fancy pair of sneakers, a tank of gas for your big

ass pick-em-up truck, a few bags of groceries, maybe a nice sweater, I don't know. I don't buy much stuff so this is hard for me. I did just buy a

hundred and nineteen dollar L L L L L Bine bed for my dog. It's going back. He won't sleep in it. You might think, hmm, I can invest this money.

The stock market returns somewhere between 8 to 12% a year on average.

I could spend that each year and still always have my $100 earning more for me.

Or you might think, but inflation and market drops are a concern.

Hmm. I'll invest my $100 but only spend 4% a year.

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