How to spend money the right way:
1. Use job income to invest into an income-producing asset.
2. Use that income that's being produced and reinvest it into that same asset or others.
3. Repeat step 2 multiple times.
4. Now that you have a system in place-- Reward yourself!
Having conviction is huge when it comes to buying the dips.
The more research you do, the more conviction you will have in a company.
The more conviction you have, the less emotionally attached you are.
This is why I preach to always do your own research!