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Are You Burning or Building?

Are You Burning or Building?

by David Cain

You’re only going to get so much money in your lifetime. Do you want to spend it on short-term enjoyment or use it to construct the life you want?

In his memoir, Aerosmith front man Steven Tyler estimated that he spent about $20 million on cocaine during the 1970s and 1980s. He later revised his estimate down to only $5 or 6 million. Either way, I don’t doubt he had a good time. But I’d wager that with a different purchasing strategy, those dollars could have bought a lot more good times than he ended up with.

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