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9 Harmful Money Beliefs You Should Avoid To Get Richer

9 Harmful Money Beliefs You Should Avoid To Get Richer

Whether we know it or not, sometimes we hold onto beliefs that can actually inhibit our ability to make money. I’ve been guilty of some of the thought patterns explored below, and once I learned to face and negate them, greater income sources opened up to me.

See if you, too, harbor any of these bad money beliefs.

1. “Only certain people get rich.”

Maybe you grew up in a family that experienced a serious lack of funds and deep down believe it’ll always be that way, as if you somehow inherited “poorness” like a disease. Well, I’m here to tell you that it’s faulty to think that only people such as Oprah or Bill Gates were intended to be blessed with large sums of money. Even Ms. Winfrey was poor once, and if richness can happen to her, it can happen to just about anyone. Why not create a $1 million business this weekend?

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2. “There are no jobs out there.”

Buying into doom and gloom job reports give some people an excuse to give up their search for employment. As author James Altucher notes, however, millionaires learn to look for hidden opportunities and make their own entrepreneurial moves. Get inspired by this guy who left Google to sell brain pills.

3. “Giving income away will make me lose cash.”

It seems logical that if you have $500 and give away $100 to help a family in need, you’d only have $400 left over. Conversely, if you choose to keep that $500 and skip helping the people whose light may have pricked your heart, common math would tell you that you’d still have $500 for yourself. But life doesn’t work in logical ways; it works mysteriously and circuitously, whereby you may find that opening the door to being charitable comes back to you in fabulous ways.

4. “It’s a zero-sum game – to win, somebody has to lose.”

Simply because one person gains $1 million doesn’t mean that another person has lost out. Instead of viewing money as a big pie whereby those with larger slices are cheating those with slivers, Bill Gates once spoke of a concept called “the creation of wealth,” whereby companies like Microsoft generated funding that wouldn’t have been there otherwise. I view it almost as money being printed out of thin air instead of funds being stolen via some “the rich get richer and poor get poorer” idea.

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5. “Impoverished people are holier, less selfish, etc.”

Yes, we’ve had great examples of folks who’ve walked this Earth that intentionally lived in poverty and focused more on non-material attributes. But that doesn’t mean doing so makes us saints. You can be just as effective by having money and using it in altruistic ways to help others, instead of taking a vow of poverty if your life isn’t meant to duplicate that direction.

6. “Wealthy people are jerks.”

Some rich people are full of themselves. Some rich people are kind and caring. Certain disadvantaged members of the public are lovely, whilst others are cruel. Money in and of itself is merely a tool. Having a lot of it only magnifies a person’s true character. Great wealth doesn’t create character.

7. “I’ll hit the lottery one day.”

Out of all the major lessons I remember from the popular book titled The Millionaire Next Door, the one that sticks out is that millionaires don’t always look like the flashy Rolls Royce driving folks we see in the movies. That’s because some of them plod away at doing all the non-glamorous things it can take to get rich: driving older cars, living beneath our means, etc.

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As long as we’re solely waiting for some sweet Powerball-winning day to make us rich, it kind of takes the onus off of getting there the hard way. Like one stockbroker told me, “Continue on with your get-rich-quick plan, and in the meantime, save money as well.”

8. “I’d better lower my prices/salary in order to gain sales/clients.”

If you’re trying to get rich through your business, there could be times when you’re tempted to cut your hourly rate or the prices of your products or services in order to make ends meet. This could be a great business move – after all, the marketing term “loss leader” wasn’t invented for nothing.

However, if you’re constantly undercutting your own value just because you’re afraid of losing clients or due to fears that what you bring to the table is not good enough to compete with others, it could be more symptomatic of deeper issues.

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A graphic artist who provides high-quality image editing might decide that her level of expertise and skills are worth $50 per hour. If clients looking for a cheap deal try to talk her down to $10 per  hour and she accepts, the artist may discover that she’s effectively lowered her annual salary below the poverty level. Instead of kowtowing to cheap clients out of anxiety, it would be better to politely decline and move on to others that are more than willing to pay higher rates for quality work.

9. “My business has to be shady to make money.”

The talk of the Internet recently was about a New York-area hotel that had the gall to charge people $500 for any negative reviews posted about them on sites like Yelp. Setting aside the fact that the practice might actually be illegal, most readers agreed that instead of threatening guests with fines for negative reviews, the hotel should actually do their best to provide positive customer experiences and gain great reviews naturally.

Amazon is king when it comes to “the customer is always right” theory. They even allow consumers to return Kindle books within seven days if they don’t like them – one of the many ways the online retailing giant has won the trust of goo-gobs of people that love to fork over their credit and debit card numbers to “The Everything Store,” as goes their motto.

Businesses and leaders who adopt the same thought-process – that is, harboring quality customer relationship management training, honesty and good ethics – are the ones that stand a greater chance of making their owners and employees rich. Those firms and folks that believe they must adhere to shady, confusing practices that rely on trickery to make a lot of money are the ones that will burn out like a shooting star streaking across the night sky.

Featured photo credit: Dollars in Wallet via static2.bigstockphoto.com

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Published on January 17, 2020

How to Eat Healthy on a Budget (The Definitive Guide)

How to Eat Healthy on a Budget (The Definitive Guide)

Have you ever looked at health gurus and wondered how on earth they can afford all that health food? Or maybe you’ve tried multiple times to start eating healthy only to find the $600 monthly budget overwhelming?

If you’re anything like me, you know exactly what I’m talking about! I absolutely understand the sinking feeling of looking back over a grocery budget and finding you went way over what you intended. And besides that, it can be hard to justify buying a tiny $5 bag of carrot chips while a $1 mound of potato chips is sitting right next door.

My husband and I recently ran into that struggle. We got married this past year and soon found ourselves trying to balance 12 hour work-days with keeping our relationship strong and trying to keep our personal businesses afloat. Granted, our budget was the one thing that took a hit! After we started tracking our spending, we were shocked to see we were spending over $1000 a month just on food! A little planning cleared that right up.

So, how to eat healthy on a budget?

Here’re the top tips I learned that helped us shave over $600 monthly off of our food budget so we could reinvest that in the areas that really mattered to us![1]

1. Meal Plan

You’ve probably heard the saying “Fail to Plan, Plan to Fail” right? Well, this saying couldn’t be any more true than in the area of healthy budgeting! The fact is, most healthy foods don’t actually cost that much… the pre-made time saving ones do!

If you go about creating a healthy meal plan within your budget, you could easily cut costs down to around the same price you are paying for junk food.

Meal planning is as simple as working in foods you already have in your fridge/freezer, adding in several meals with simple ingredients and seasonal veggies, and breaking it down into a shopping list.

Often, finding a few meals to make in big batches will save you the most money in the long run, which leads me to my next point.

2. Cook in Bulk

Not only will cooking in bulk save you a whole lot of time, it will save you a whole lot of money too! Believe it or not, if you find meals to make with similar ingredients, you can easily save more money than when you were eating unhealthy.

Don’t believe me? Just look at a $4 frozen pasta dinner. Now, sub that with a veggie pasta dinner. 5 zuchinni ($3), Pasta sauce ($2.50), and chicken ($5) could last you a full 5 meals which adds up to a whopping total of just over $1 per meal!

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That’s not even digging in to all the money you will save from fast-food. Trust me, a little $10 spent here and there add up! You’ll be saving a whopping amount from all the meal prep you will do!

3. Cook all Your Meals in One Day

The science behind this is 2-fold.

Number one, if you have lots of meals to grab and go, you will be far less likely to binge on pricier food when you get hungry. Let’s be real, you’re not going to spend 1 hour cooking when hub-n’-grub is at your bekon-call!

Number 2, meal prepping ahead of time will help you stick to your meal plan better when you’re not in the mood. Let’s face it, we’re all going to have days when protein and veggies doesn’t exactly sound appealing. But, if you have a full meal that’s quick to grab in the fridge, it will be easier for you to fill up on the good stuff rather than spending money on what you don’t really need.

4. Cut Back on Snacks and Specialty Items

I can almost hear you from across the screen. “But, I thought snacks were good for me!” Here’s the deal: Snacks are expensive! And healthy snacks, oh my goodness, say goodbye to your paycheck!

Look, I’m definitely not saying that healthy snacks are bad. Quite frankly, I would much rather you chow down on Halo Top than a triple-butterfinger-fudge sundae. It’s just that… healthy snacks are why eating healthy gets a bad rap for being expensive.

Look at it this way: You could either buy a week’s worth of groceries full of chicken, fish, beans, veggies, and fruits for $30. Or, you can spend that $30 on six snacks that will leave you hungry for more.

What’s more, the ingredients for gluten-free baked goods, sugar free substitutes, or protein powders alone will add up to you eating a full week’s budget in one sitting. By all means, if you want to work some yummy items into your budget, do it! But don’t confuse that extra monthly $300 of delicacies as a necessity. Your body and budget will thank you!

5. Satisfy Yourself with Your Favorite Subs

We all have an emotional tie to food. Maybe pasta reminds you of home! Or maybe a fresh-baked pizza is what gives you a feeling of comfort. Whatever you favorite food, find a way to work it into your budget in the best way.

We’re only human, and depriving ourselves of what we love will never end well. More often than not actually, it ends in take-out or a pricey-premade substitute.

Instead of finding yourself in this situation, find a way to make your favorite foods fit your budget. Zuchinni noodle pasta might just give you that feeling of home without breaking the bank. Or maybe you could google a healthy pizza alternative you would like that you could make at home. Often, something similar to your craving will be enough to give you a sense of satisfaction.

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Or, just buy your cheat meal and save it for a special day. That’s okay too!

6. Stick to the Cheaper Proteins

Okay, I know we all love steak. Unfortunately, buying pre-cooked or expensive cuts of meat are one of the easiest ways to drain a budget.

Instead of purchasing those, try buying frozen chicken or eggs. A 5 lb bag of frozen chicken can be as cheap as $5, and you can buy a whole weeks worth of eggs for just over $1. You could even try going vegetarian for a few meals if you really want to cut down on costs!

7. Buy Frozen Fruits and Veggies

I know, we all love our fresh fruits and veggies! However, sometimes frozen might be the way to go if you’re looking to cut costs!

Fruits and veggies are easiest to ship when frozen, making them a much cheaper option. Contrary to popular belief, scientists have actually found that frozen might be better for you too![2]

The reason is, frozen produce is picked at its prime and shipped immediately. Fresh fruit tends to be picked much earlier so it will ripen while being shipped. Not only does this make it less nutrient dense, but sometimes the fruits are actually pumped with artificial flavors to make up for the lack of real nutrients.

While I’m all for fresh fruits and veggies, don’t feel guilty if you opt for frozen foods due to a budget.

8. Bump up the Calories with Rice and Beans

The problem some people find when trying to eat healthy is that it can be hard to get the amount of calories you need without relying on expensive “specialty” items. Instead of stocking up on pricey gluten-free breads and pasta, I say stick to simple rice and beans as the bulk of your meals.

Brown Rice is very cheap and easy to use as a base for bowls and dishes. Likewise, beans can add a bit of fiber making you feel full and satisfied without having to spend a lot of money.

If you are trying to cut on body fat, use extra veggies as the bulk of your meal and add in rice and beans as a filler.

9. Try Acai Bowls

Acai Bowls can be a really cheap and satisfying meal as long as you do it right.

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You can find cheap fruits at most stores or just freeze your fresh fruits before it goes bad.

Making your own granola can save you a lot of money as well. The total cost for this delicious meal should only add up to a few dollars compared to triple that price if you were to buy one pre-made.

10. Make Your Own Meal Kits

Do you like your meals freshly cooked? Sending meal kits to your doorstep is an easy way to drain your budget. Instead, try making your meal kit at home! Not only is it fun, you will easily get a delicious taste.

Simply find a few simple meal cards or print some out and fill a ziplock with the ingredients for each specific day. Don’t know what recipe to make? Another option is to order one month of meal kits and recycle the recipe into ingredients for the upcoming months with ingredients you picked up from the store.

11. Don’t Drink Your Calories

A few dollars spent here and there can really add up! Just as with specialty items, healthy drinks can be a blackhole for you. An energy drink and kombucha and coffee each day could easily have you spending and extra $300 each month!

I you really need a special drink fix, try making your favorites at home. Bring a coffee in, make kombucha, or even try making lemonade with stevia or a healthy soda. You’ll be surprised w hat a big difference such a small change can make on your budget!

12. Buy Cheap Online

Just like anything else, it pays to be prepared. Buying foods from online retailers can be a really affordable way to save money as long as you’re prepared.

Plan ahead for those more expensive specialty items you can’t live without. It will save you tons of money compared to having to buy food from a specialty store.

13. Don’t Fret about the Clean Fifteen

One of the huge things that can mess with a person’s budget is eating organic. For the record, I am 110% all for eating organic whenever you can. However, for some people, it can be hard to make organic food fit into a budget.

Instead of scratching healthy eating for a smaller budget, try to buy meat and the dirty dozen organic, and don’t go crazy about the rest. The clean fifteen are the fifteen safest foods to buy that aren’t organic! Meanwhile, the dirty dozen is the most worthwhile avoiding. According to Produce Retailer, these are the dirty dozens:[3]

  1. Strawberries
  2. Spinach
  3. Kale
  4. Nectarines
  5. Apples
  6. Grapes
  7. Peaches
  8. Cherries
  9. Pears
  10. Tomatoes
  11. Celery
  12. Potatoes

14. Pay Attention to Storage

Keeping the food you have is just as important as how much food is in the first place. Try to stay on top of how much produce you can actually use before it goes bad. It might not be a bad idea to pencil an extra shopping trip in the middle of the week to keep food fresh.

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Investing in good food storage containers could go a long way in saving you in the long run as well.

15. Freeze Food Before it Goes Bad

Instead of getting mad at yourself at the end of the week for all the wilted produce you need to throw out, try freezing it before you get to that point.

Most frozen veggies will taste delicious in stir fries and soups. You can freeze fruits to make sorbet or smoothies. Frozen greens can be chopped up and tossed into just about anything for a nutrient boost!

16. Consider Ditching Most Supplements and Powders

I have nothing against superfood powders and supplements. However, if your budget is tight, it can be hard to fit supplements and powders in.

Instead of adding in powders, add extra nutrients to you food. Add lots of greens and veggies to all your meals to meet your nutrient needs. If you need a specific supplement, you can find great deals online as well!

17. Use Budget App

There are so many great apps you can download for free. One of my current favorite is HoneyDue because you can track your budget easily with your spouse. There are many options available, just find the one that you’re most likely to use. The ones that download your spendings automatically are often the easiest and will give you a more accurate number.

My husband and I use the same app, but have a separate budget for each of our weekly food plan and for our additional snacks. Keeping things separate can often be helpful to know exactly where your money is going. Plus, it can help hold you accountable if you have a significant other you are sharing money with.

18. Use What you Have

Most people have unused protein powders lying around in their cabinets. Instead of letting that go to waste, work them into your meal plan. Protein powders can make amazing doughnuts, pastries, or pancakes!

19. Enjoy the Process!

Finding ways to enjoy your new lifestyle will be helpful in sticking to it long term. Find fun in seeing how much you can save each month. Make a competition with someone to see who can stick to the lowest budget and create something fun to do for the winner with some of the money saved! Blast some music in the kitchen while cooking your new recipes.

Budgeting and health doesn’t have to be a drag. Make it fun and you’ll enjoy your new lifestyle long-term!

Featured photo credit: kevin laminto via unsplash.com

Reference

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