“If you want to know what God thinks of money, just look at the people he gave it to.” ― Dorothy Parker
Do you regret not earning truckloads of money that could buy you the luxury life you’ve always wanted? I’ve seen people become depressed because of their poor finances. Many teenagers miss out early in life just because their parents cannot afford the latest gadgets their rich friends can afford.
However, money is not everything. Money might buy you things that make you feel happy, but happiness from within is what money can’t afford.
I have a lot of friends who have very little money to spare, yet live a rich life. Their lifestyle, their personal satisfaction, and their acceptance of themselves are what makes them seem rich. Non-monetary things can also make you happy – and believe me, they will be your biggest asset in the long run.Advertising
Here are a few ways you can live a rich life without lots of money.
1. Learn to accept yourself
It can be hard for you to understand that money should be not a top priority. You can become rich in an instant and then lose it all the next day. You need to replace your personal desires with acceptance and learn to stay happy with what you have right now.
Seek inner peace and learn to control the uncontrollable in life. If you find yourself obsessing over things you want but don’t have, take a paper and write down that it’s okay to not have those things.
2. Become creative
You need to become creative to manage your personal finances and remain happy even if you don’t have much. If you are rich, you buy. If you are not rich, you create. Yes, not having much money can help you be creative.Advertising
Learn to find happiness in small things. Draw a picture, take a photo, and invent something that keeps you at peace. Happiness is within you.
3. Stay authentic
You need to stay true to yourself in order to live a rich life. When you find inner peace and do things you love, you are reflecting your inner-self. There is no greater wealth than understanding what you are meant to do in life.
Regardless of your financial situation, try to believe in yourself so that you can stay happy, enjoy the small things in life, and keep yourself motivated.
4. Do what you love
Making tons of money is what most people might call being rich. However, if the person is not happy with their job, he probably considers himself the poorest person on earth.Advertising
Floyd Mayweather’s net worth would not have been $700 million today had he not been a boxer. Similarly, Bill Gates would not have been the richest man on earth if there was no Microsoft. People who pursue what they love have always prospered more than people who work out of compulsion. The more you start doing what you love, the more money will continue to flow into your life. Even if it does not, you still get to stay happy as you grow rich within yourself.
5. Stay gentle
Gentleness was considered one of the greatest virtues by a philosopher named Confucius. When you are humble, you develop an ability to sense your environment and work accordingly.
For example, look at people like Buddha and Gandhi and compare how lived their lives. They were gentle, realized the value of their lives, and always stayed strong in their thoughts. Buddha left materialistic prosperity to live the life of monk and find the richness within himself. Gandhi belonged to a poor family, and despite leading one of the largest revolutions in the world, always stayed gentle.
Try to be soft and smile to make others smile. If you succeed in making other people happy, then you are truly rich.Advertising
6. Become generous
Giving money is not the only act of kindness. In fact, I would not call it being generous at all. Generosity is what comes from within. When you give someone something from your heart you feel happy, and that feeling is what makes you feel rich. You also need to realize that sharing what you have, without even thinking of what amount you have, is what an act of kindness means.
Also, provide undivided attention to people who need help from you. Nothing is more generous than giving all you have and making others feel good.
7. Build relationships
The real wealth that you build and will be remembered through your relationships. People need to value their relationships more than anything else. Seek to make emotional connections with your family, your friends, your partner, and people that you meet regularly.
“Matters of the heart are important to me. All this materialism and all the money and wealth are things that you don’t take to the grave. One day you have it. The next day you don’t.” — Shari Arison
Featured photo credit: Flickr via flic.kr
Last Updated on June 26, 2020
25 Easy Tips on How to Save Money Fast
“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.
If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.
You don’t really need to order in food. You don’t really need to buy expensive perfume.
Building from that, you can work out how your regular expenses can be reduced.
As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.
And remember: a budgeted lifestyle does not mean a bad or boring one!
But first, understand what budget you can cut down on daily:
- Regular expenses for the average adult (can be trimmed but not eliminated):
- cell phone
- hygiene products
- household bills
- Irregular expenses for the average adult (can be eliminated or cut down a lot):
- medication (*depends)
- grooming (hair, nails etc.)
Now, let’s dive right into the 25 ways to save money fast:
Save Money on Food
1. Bring a stock of food to the office/work
Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).
Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.
2. Buy the store-brand version
Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!
3. Eat cheaper cuts of meat
Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.
4. Have group dinners
If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.
Save Money in Transport
5. Get a bicycle
Save on gas money and bus/metro fares with this underrated mode of transport.
6. Use public transport and/or don’t get taxis
Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.
7. Find the cheapest gas
Regularly check out where the cheapest gas can be bought.
Save Money in General Shopping
8. Shop online
Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals
9. Sell your old stuff
Get your unwanted belongings up on eBay ASAP and earn a few dollars.
Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money
10. Bulk buying stores
For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).
Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.
11. Become a flea market/car boot sale/street market guru
You can find original gifts and develop good negotiation skills at these places.
12. Generic brand medication
More often than not, the generic version of paracetamol and other basics work the same as the branded version.
13. Choose deodorant, not perfume
It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!
Cut Down on Household Expenses
Ink is one of the most expensive substances in the office and coloured ink is doubly so. B
e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.
Expand the margins of what you are printing as often as you can to save on paper.
15. Minimize SMS and phone calls
A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).
16. Shop around for insurance
Most people don’t spend enough time searching for the best insurance deal.
Keep a watchful eye out for deals and new competitors in the market.
17. Try re-negotiating your rent/mortgage
If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.
18. Don’t get a TV
Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.
19. Pool your internet bill with a neighbour
My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.
Save Money in Socializing, Entertainment And Travel
20. Have house parties
Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.
For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.
21. Open festivals, meetups and events
It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.
If you can’t pay for a ticket, volunteer and get to be there anyway.
There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.
Save Money on Hygiene and Beauty
24. DIY beauty
French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.
25. Fewer haircuts/volunteer at a trainee hairdresser
If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.
Bonus: Effective Money-Saving Tips for Everything
Here’s a summary of what you can generally do to save more money:
- Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
- Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
- Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
- DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
- Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
- Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
- Stop and think. Do I really need it?
Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.
What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.
Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!
More Tips for Personal Finance Management
- Best 15 Money Management Apps That Make Financial Planning Easy
- How to Pay off Debt Fast Using the Stack Method (A Step-By-Step Guide)
Featured photo credit: Unsplash via unsplash.com