#lifestyle #growthmindset

[Christianturcios]

When do you upgrade your lifestyle ? Do you wait till you have an abundance of money flowing or upgrade little by little or is it just preference ? Want to make sure it’s done the right way and not biting off more than I can chew . Plus theres so many methods and tips, and budgets out there on the internet so I’m trying weed out the Slow lane method from fast lane method

 

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[Johnny boy]

Hmm... let me turn to page 3749 in the book of rules about what to do with your life and.... hmm.....

There's nothing there.

No right answer, just listen to what your gut says and don't let fear or weakness guide your decisions.

You will have more money by spending less.

But then what was the damn point in the first place?

 

[NervesOfSteel]

I usually budget my goals first, both short-term and long-term. Then I plan an emergency budget in case Mr. Murphy comes for a visit.

Whatever that's left to spare, I upgrade accordingly.

 

[harumi]

It's a real issue where people don't feel or think that they deserve better. They say NO, NO, NO. I need to save, save, save.

While that's true, let's be real for a moment. You won't reach your dreams if you ALWAYS say 'no' to the oportunities life offers.

The real question is - would this purchase make you a net positive or a net negative later on in life? and only you can answer that question.

My actionable points are:
If the purchase is an overall positive for you; then go for it - regardless of your fears.
If the purchase is an overall negative for you; then ask yourself - why are you doing this to yourself?

 

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[Kevin88660]

When do you upgrade your lifestyle ? Do you wait till you have an abundance of money flowing or upgrade little by little or is it just preference ? Want to make sure it’s done the right way and not biting off more than I can chew . Plus theres so many methods and tips, and budgets out there on the internet so I’m trying weed out the Slow lane method from fast lane method

Spend as if you are making business decisions.

The ROI needs to be justified.

 

[NervesOfSteel]

It's a real issue where people don't feel or think that they deserve better. They say NO, NO, NO. I need to save, save, save.

While that's true, let's be real for a moment. You won't reach your dreams if you ALWAYS say 'no' to the oportunities life offers.

The real question is - would this purchase make you a net positive or a net negative later on in life? and only you can answer that question.

My actionable points are:
If the purchase is an overall positive for you; then go for it - regardless of your fears.
If the purchase is an overall negative for you; then ask yourself - why are you doing this to yourself?

Don't underestimate the human mind. It will always justify your want, not need.

 

[RightyTighty]

Keep in mind collateral expenses as you expose yourself to new perspectives and cultural norms. Your raggedy four wheeler sitting in the back of your shiny new truck is going to work hard on your psyche. Putting your kids in private school opens them up to a whole new world of expensive peer pressure. That big house in a ritzy neighborhood comes with a new set of friends who will encourage you to join the country club and vacation in Aspen.

You didn’t say where you are on the lifestyle spectrum. Usually upgrades are organic, even for the most frugal. But if cash is piling up and the thought of giving up your ramen noodles is still causing you stress, then start small. A lot of satisfaction can be found in walking the aisles at the grocery store and putting items in your cart without checking the prices. Dabble in experiences that have always intrigued you but seemed too frivolous. Making small investments in your wellness is an excellent use of your hard-earned gains.

The fact that you’re on this forum and asking this question indicate that you’re gonna be okay while you figure it out.

 

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