4. Will it Better My Loved Ones' Lives?
Now that I've convinced myself that it'll make me happy -- how does it affect the lives of my loved ones?
Because if you have a family, your financial decisions affect their lives too.
If I buy a three-story mansion, the kids will have a lot more space to play in. But will the additional debt require me to work harder and spend less time with them?
And how about my wife? Let's say she's the one pushing for the mansion -- would she be better off if I just agreed, or if I helped her see the burden that comes with a huge house?