- You have $1000.
- You spend $5 freely.
Now peep this:
- You have $10.
- You spend $5 freakishly wisely.
Why?
The more money you have, the less you value the dollar bill.
That's why lottery winners quickly become poor chaps:
- "Ooooooooooh! I have so much cash!"
- "I will spend like @#$$%#%$#! Armani! Jimmy Choos!"
- ....
- "WHERE'D ALL THE MONEY GO?! OH NOES!!"
How to Spend Wisely
Here's how to trick yourself, and save chunks of cash by spending ridiculously smarter -- and keep your company financially healthy.
- Jot down your cash: _.
- Imagine you have 50% less. (or choose your own percentage to fit your situation)
- Spend accordingly.
What happens?
- You'll spend more wisely.
- You'll put much more value into the dollar bill.
- You'll find innovative ways to boost cash.
- You'll leave yourself a much bigger security blanket.
Win!
Spend like somebody just robbed you.
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Dave Navarro
Posted @ 08:58 AM on May 08, 2008
Spot on. It's like Tom Peters said: "If you don’t have enough money, you have to innovate your way around problems that you could otherwise simply buy your way out of."
Bootstrapping is gooooooooood stuff, even if you're flush with cash.