Spending Your Way to Wealth

“Not since the Great Depression has such knowledge been so necessary as we continue to face the financial turmoil caused by the recent coronavirus pandemic.”

— Tyler R. Tichelaar, Ph.D., Author of Narrow Lives and The Best Place

Spending Is the Cause of Wealth (the Philosophy of Investorship)

Situation Normal

Who is normal—and what does normal mean?

Most human beings are decidedly normal. But that’s not always a good thing. Our reactive, unconscious impulses seem valid (at least to us) but they often lead to unfortunate consequences.

The Spilling Problem

How much future wealth are you forfeiting?

When you spend money on things that depreciate in value—as most of us do—the purchase price is not all you give up. You also forfeit the enormous potential future value of that money.

True Wealth

Does wealth mean more than just money?

Wealth means an abundance of things of value, including personal satisfaction, friendships, and good memories. It also includes the money needed to meet those needs—now and in the future.

What Is Investorship?

Investorship is a word based on well-established (but not always understood) truths:

First: We are all normal. We act (or, more accurately, react) out of unconscious biases and mental shortcuts. We are capable of consciously reflecting and reasoning before acting. Very often we do not, with unfortunate results.

Second: We all spend, not just our money but also our time, our effort, and our reputation. We spend something of value in exchange for something else of value. However, when we spend too much on things that decrease in value, and not enough on things that increase in value, we forfeit enormous future potential wealth. This phenomenon is called “spilling.”

Third: Change is possible. By understanding of the type of spending essential for wealth creation, and by countering our reactive instincts with patience and practice, it is possible for anyone to spend their way to wealth.

Finally: Wealth means more than money. Non-financial wealth includes personal satisfaction, friendships, great memories, and many other things of true value. But one must build future financial wealth in order to have the freedom to enjoy this non-financial wealth.




“A wise and lucid guide to financial and psychological Wealth.”

— David Myers, Ph.D., Hope College

Author of the book, Spending Your Way to Wealth, Paul Heys is a retired financial advisor, a former CEO, and a founding director of a commercial bank. Prior to his financial career, he was a pilot (commercial jet instructor rated) and a retired Air Force officer.

For the past 20 years, Paul has been a frequent guest speaker at civic and municipal events—and on cruise ships. His talks on spending and wealth are often referred to as provocative, insightful, educational, and entertaining. After one such event, a passenger told the ship’s cruise director that the presentation was “the highlight of the cruise.” Another said they loved the way the presenter made them think.

Paul has compiled his insights on human behavior and its impact on spending and wealth into his book, available now, and continues to speak and write on the topic.

The
Investorship
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