Speaker A argues people misuse the word investment to justify luxury purchases like expensive mattresses, personal trainers, and face cream. An investment generates financial returns. Everything else is just spending, and pretending otherwise is BS.
People use the word investing way too much. You're investing. You invest. You invest. Invest. Investing. I have a personal trainer. That's not an investment. That's a luxury. If I were to buy a house today.
Welcome to Manhattan. It could be your New York City content house. I'll buy it. You're the man. Thank you.
Thanks. That would not be an investment. That would be the most expensive luxury I have ever bought. We use the word investing a lot to justify purchases. Like I've had people who literally said buying a $2,000 mattress is an investment. Invest in a quality mattress. That's not an investment. That's It's a luxury. My answer for an investment, I narrowly define it as something that can provide a financial return. Simple. Otherwise, here I am justifying a $3,000 a night hotel. Oh, their air conditioning is triple filter. Therefore, the hair on my arm doesn't stand up. Therefore, I can write a new book that makes me $100,000. It's BS. Same for the face cream I use. It's not an investment. It's okay to say I like this and I'm going to buy it because I like it. That's totally fine.
