Bertrand Russell Financial Advice

Well, I don’t know of any specific financial advice he might have given, but I think we can derive some from one of his more-famous quotes.

Time you enjoy wasting is not wasted time.

I agree 100%. Even the busiest among us sometimes need to completely ignore the to-do list and cut loose on some genuine fun. A laundry-list of productive accomplishments isn’t very appealing if it leaves little or no time to simply enjoy ourselves.

Money is the same way in my mind. When it’s all said and done, what will matter more- a fatter bank account, or a life of memories that occasionally required some more liberal spending?

As someone who is really passionate about personal finance, I have to be careful here. It’s possible to crash and burn (think big spending spree) after too much incessant coupon clipping and general self-deprivation. On the other hand, we could fall into the abyss of frugality, developing an OCD-like addiction to spending as little as possible. If you find yourself eating brown rice seven times a week and never going out on weekends, this could be you.

Save for legitimate times of hardship, we need to loosen the reins once in a while. Whether it’s an $8 jumbo funnel cake, a 10-gallon hat reminiscent of Jim Carey’s, or a Halloween costume for your dog, don’t neglect to invest in some carefree enjoyment from time to time (in moderation of course).

Money you enjoy wasting is not wasted money.

I’m sure Bertrand Russell would agree.