Choosing Between an Apple Watch Gift and Investing: A Teen's Perspective

Dear reader, I've been battling depression for the past six months and have been in poor health for the same duration. My 15-year-old family member has offered to buy and give me an Apple Watch. The offer is heartfelt, and I appreciate it, but should I take the watch or use the money to invest? This decision isn't just about a gadget and some money; it's about my well-being and future. Let's explore this choice.

Advice from a Peer

From a Peer: Trading is a lot of work, and the few hundred dollars you have isn't going to go far. Most of the time, unless you are a professional, trading is more like gambling. It's a high-risk activity with a low chance of success.

Additionally, if you keep worrying about money, you'll see everything in your life as a profit or loss transaction. Emotionally, this can be detrimental. Accept the gift from your family member and respect their wish to show support. It might not have the maximum utility, but it shows that someone cares about your well-being.

Personal Reflection

My Situation: I was initially reluctant to respond because of my age and emotional state, but after considering the possibility that someone my age could share similar experiences, I decided to write. I would like to explore both options: taking the watch and investing the money.

Apple Watch: The watch is a trendy and functional gadget. However, when my phone isn't nearby, the watch often fails to receive notifications. Carrying my phone everywhere might solve this issue, but it's a hassle. Investment: An investment can potentially yield better returns, especially if it's an illiquid asset like property. It's a safer bet that can help build long-term wealth, but it might not be the most exciting venture, monetarily or emotionally.

Peer's Perspective on Investment

Suggested Investment: I've seen investment opportunities, such as property. If you have the chance to invest in property, that might be a good alternative. Just remember that smart investments aren't always the most fun. Balance is key.

Expert Advice on Meditation

Mental Health: An expert suggests that regular meditation could help combat depression. Even a few minutes of meditation each day can make a significant difference. Reading a book on meditation, such as 'Looking Inward' by meditation expert and coach Swami Purnachaitanya, might be beneficial.

Final Thoughts

Based on the advice and my personal considerations, I suggest taking the Apple Watch as a gift. It's a gesture of support that can’t be quantified in financial terms. That said, if the timing is right, investing can build long-term wealth and potentially lift my spirits.

Conclusion: Whether it's an Apple Watch or an investment, the choice is about more than just money or gadgets. It's about how to support your emotional and financial well-being. Take the watch for now, and consider investing in your future. Both can contribute to a happier and healthier life.