Four ways to spend money
Remember the four ways of spending money? If this sounds like the beginning of a joke by American political satirist P. J. O'Rourke, it is. Except that it's no joke and O'Rourke is simply echoing the four basic rules set down by Nobel Prize-winning economist Milton Friedman. Rules that we often forget at our peril.
First, I can spend my own money on myself in which case I really take note of how much I spend and what exactly I spend the money on.