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You Can Have Anything You Want, Not Everything.  Choosing Between Boots or Bruce. Thumbnail

You Can Have Anything You Want, Not Everything. Choosing Between Boots or Bruce.

"You can have anything you want, but not everything you want" was implanted in my mind at a very young age. I can remember the first time I heard my dad say it to me.

I was a high school senior, and working as a teller at the Bank of Highwood. My parents covered my essentials but anything extra was my responsibility.

I was a very frugal kid, but I was faced with an agonizing decision. There was an amazing pair of Frye boots I had my eye on. And Bruce Springsteen was coming to town.

Each had a big price tag. Maybe I could afford both, but I would be left with precious little in my savings account.

I talked it over with my dad. Well, maybe I talked and he listened.

"How could I not buy those boots? How could I not see 'the Boss'?. But what about college next year, I'll need some money for 'extras'. But those boots! Did I mention four of my friends want to go the concert as well? What if the boots sell out? What if Bruce doesn't come back to Chicago for years? What should I do?"

My dad looked at me and said, "It’s up to you. You can have anything you want, but you can't have everything you want."

At that moment I realized there would always be another pair of boots, but seeing Bruce in concert with my friends was priceless.

The concert was amazing, with memories to last a lifetime. Did I mention he opened with Born to Run! Thinking back, I realize that I tend to spend money on experiences more than things.

How about you? What would you have chosen? How do you make decisions like this today? If you need some help, just think of my dad's saying!

Shari Greco Reiches

Shari co-founded Rappaport Reiches Capital Management with one goal - to maximize the return on life for her clients. Please connect with Shari below.  She loves to talk about investing, financial planning, and Barry Manilow.
The author does not intend to provide investment, legal or tax advice as these materials are for general educational purposes only.  Please consult your legal, tax or investment professional for advice on your particular situation. This material is derived from sources believed to be reliable, but its accuracy and the opinions based thereon are not guaranteed. It is not intended to be a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction. Investing involves risk including the possible loss of principal. Past performance does not guarantee future results. Please refer to RRCM’s Form ADV Part 2 for additional disclosures regarding RRCM and its practices.