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Enjoyment dividend: The art of spending on joy in pursuit of wealth
Investments grow through compounding, and dipping into the principal weakens the capital meant to secure the future. A monthly budget also makes spending easier to track and adjust.
Building wealth is often presented as a discipline of postponing gratification. Earn, save, invest, repeat. But as incomes grow and financial goals become more ambitious, another question emerges: how much of today's income should go toward enjoying life?
Joyce Gikonyo, a financial adviser at ICEA LION Group, says enjoyment belongs in a financial plan, but only once the essentials are covered.
