Anything that impacts your health is always worth spending top money on.
The best example I can think of is food.
Generally, higher quality food will be more expensive than lower quality food.
This is true in grocery stores as well as restaurants. 1 pound of grass-fed beef will cost you more than 1 pound of regular beef. A meal at Chipotle will cost you more than a meal at McDonald’s.
I go to a fast food salad place called Tossgreen and routinely spend more than $12 on a large steak and kale salad. Why would I do this when there are 10 other fast food options nearby which cost half as much?
The quality of food I eat directly impacts my energy, mood, and performance on a daily basis as well as my long-term health, so this is definitely something I’m willing to pay more for. You should too.
A bed is another example.
Like poor eating habits, poor sleeping habits compound over time and make a big difference in your overall health and quality of life. Not to mention you spend a third of your life sleeping, so it’s worth spending top money on a good bed.
Unlike food, you don’t buy a bed or mattress everyday. You’ll buy one and use it for several years or longer. That’s why it’s important to make sure you invest in a good one.
Certain items you use frequently are also worth spending more money on.
The more time you spend on something, the more utility value you get from buying higher quality.
I spend a few hours on my laptop everyday. I’ve had some good laptops and some crappy ones and the difference is night and day.
Now, I own a MacBook Air which is twice as expensive as other laptops I could have bought, but for me it’s a great investment because I spend so much time on it.
Note: it doesn’t have to be the most expensive version to be a worthwhile purchase.
If you drive a lot, it’s probably a good idea to have a good car. But that doesn’t mean a $100,000 car will be five times better for you than a $20,000 car. It just means you shouldn’t buy a sketchy junkyard car just to save a couple thousand bucks.
I could have bought a MacBook Pro, for example, and spent 50% more. But for how I use my laptop, the MacBook Air was a better option and still a very high quality product.
The key here is to use common sense, do your homework, and think about what makes the most sense for you to spend money on in your personal situation.
Featured image by Michal Jarmoluk.