How Much Money Do You Invest In Ideas?

Does a Cheeseburger have more value than a book?

I spend money on Netflix, Spotify and Pandora every month. Around $30 a month. I spend that $30 pretty happily, so I can’t stream every song in existence and binge on Friends.

I have no regrets about it. This is stuff I like.

I want to go running while I listen to the Sex Pistols and come home to chill with Chandler, Monica, Ross, Rachel and Joey.

But Do You Know What?

As happy as I was to spend $360 a year on all of this endless entertainment, until recently, I was probably spending less than a 5th of that on books.

I wasn’t investing my money in ideas. I was investing my money in entertainment.

I’d go out and spend $10 on a meal. That $10 could have purchased a book that would have changed my life.

I’d go out and spend $25 on a movie ticket. That $25 could have purchased a book that would have reshaped the way I think.

I’d go out and spend $20 on a T-shirt. That $20 could have gone to support an author who was putting their ideas out in front of the world and touching people’s minds.

Books were so far down in my list of priorities. There was always something more important. There was always something more fun. More exciting.

Over the course of my life, I have probably spent more money on Cheeseburgers than I have on books.

That’s not a great state of affairs.

That’s why today I second guess every purchase I make — but I never second guess books. There’s no buyers’ regret with books.

I invest in them. To me, buying a book isn’t going shopping. It’s investing in an asset that has more value to my life than stocks, shares, property or futures. Every book has the potential to make me richer than those assets ever could — whether financially, spiritually or emotionally.

Ask yourself this. What has more value to you; a book? Or a cheeseburger?

How much money have you spent on books in the past year? Could you spend 10% more?


[This post by Jon Westenberg first appeared on Medium and has been reproduced with permission.]

Note: The views and opinions expressed are solely those of the author and does not necessarily reflect the views held by Inc42, its creators or employees. Inc42 is not responsible for the accuracy of any of the information supplied by guest bloggers.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

How Much Money Do You Invest In Ideas?-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

How Much Money Do You Invest In Ideas?-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

How Much Money Do You Invest In Ideas?-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

How Much Money Do You Invest In Ideas?-Inc42 Media
How Much Money Do You Invest In Ideas?-Inc42 Media
You’re in Good company